Category: Industry
Good Harvest
The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth in key performance indicators in the first quarter of 2005, despite the adverse effects on its exchange profits by the post-tsunami appreciation of the Rupee against the US Dollar. The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth […]
Long Distance
Sri Lanka Telecom will go regional to diversify its revenue base, selling its advanced technology capabilities to less tech savvy firms in Asia.Sri Lanka Telecom will go regional to diversify its revenue base, selling its advanced technology capabilities to less tech savvy firms in Asia. SLT says it is scouting for new business in the […]
Ball Game
Laugfs Gas is seeking legal advice to raise prices on a cylinder of LPG, despite the consumer watchdog shooting down its request for a Rs. 110 increase. Laugfs Gas is seeking legal advice to raise prices on a cylinder of LPG, despite the consumer watchdog shooting down its request for a Rs. 110 increase. The […]
Bells are Ringing
Lanka Bell commercially rolled out its CDMA network in Gampaha Thursday, ahead of a July deadline set by the Telecom Ministry.Lanka Bell commercially rolled out its CDMA network in Gampaha Thursday, ahead of a July deadline set by the Telecom Ministry. Lanka Bell Deputy Managing Director Suren Guenewardene told LBO that the wireless operator had […]
Oil Pains
COLOMBO (Dow Jones)–As Sri Lanka’s energy companies wilt under the weight of high oil prices, pressure is building on the government to remove gasoline subsidies and reform inefficient state enterprises.COLOMBO (Dow Jones)–As Sri Lanka’s energy companies wilt under the weight of high oil prices, pressure is building on the government to remove gasoline subsidies and […]
Sign Board
US based Zone24X7, has set up base here to tap the brain pool of local technocrats with a mind for innovation and new product development.US based Zone24X7, has set up base here to tap the brain pool of local technocrats with a mind for innovation and new product development. One of the display units that […]
About to Blow
Ceylon Electricity Board unions (CEB) will go on a half day token strike tomorrow, protesting against a Cabinet paper to restructure the loss making utility.Ceylon Electricity Board unions (CEB) will go on a half day token strike tomorrow, protesting against a Cabinet paper to restructure the loss making utility. The Government is to take up […]
Silicone Valley
A woman holds up silicone implants used to enhance breast size Well endowed Sri Lankan women rarely go the silicone way to grow their bust size. But new implants on the market have just opened all options for women wanting to pad up the front line. Sri Lanka has just nine plastic surgeons to […]
Get Cracking
SYDNEY, May 3 (AFP) – Hundreds of containers holding supplies for tsunami victims are stranded on a wharf in Sri Lanka because customs officers are demanding extra taxes and storage fees, according to angry Australian charity workers.SYDNEY, May 3 (AFP) – Hundreds of containers holding supplies for tsunami victims are stranded on a wharf in […]
Smoothing the Way
The Multilateral Investment Guarantee Agency (MIGA) – international insurer against non-commercial risk, in the World Bank group – to set up a trust fund to encourage private investment in Sri Lanka.The Multilateral Investment Guarantee Agency (MIGA) – international insurer against non-commercial risk, in the World Bank group – to set up a trust fund to […]
With Love
India offered a three-year debt moratorium to Sri Lanka during a review of their bilateral relations at high-level official talks here, the two sides said in a joint statement Tuesday.India offered a three-year debt moratorium to Sri Lanka during a review of their bilateral relations at high-level official talks here, the two sides said in […]
Petropolitics
Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Central […]