Category: Industry
Tsunami victims to sue French hotel chain, Thailand, US forecasters
A group of Austrian and German victims of the Asian tsunami disaster are to file a lawsuit demanding that Thailand, a French hotel chain and US forecasters prove they reacted adequately to the disaster, their lawyers said Tuesday.A group of Austrian and German victims of the Asian tsunami disaster are to file a lawsuit demanding […]
Little Peep
Pan Asia Banking Corp., a small Sri Lankan bank that returned to profitability last year, plans to list on the Colombo bourse by the end of next month, taking advantage of positive market sentiment.Pan Asia Banking Corp., a small Sri Lankan bank that returned to profitability last year, plans to list on the Colombo bourse […]
Rail Links
The Indian based Rites Group has just completed an initial assessment of the local rail network, on the potential of upgrading the existing track.The Indian based Rites Group has just completed an initial assessment of the local rail network, on the potential of upgrading the existing track. The team is to submit its findings on […]
Meeting of Minds
Two world leaders in the field of international accounting standards will be in Sri Lanka next week for a top level regional meeting to be hosted by the Institute of Chartered Accountants of Sri Lanka (ICASL), the country’s apex national accountancy body.Two world leaders in the field of international accounting standards will be in Sri […]
Foundation Stone
Sri Lanka signed up for US$ 75 mn World Bank assistance on Tue. to rebuild 46,000 houses in the war ravaged North & East over a four year period. Sri Lanka signed up for US$ 75 mn World Bank assistance on Tue. to rebuild 46,000 houses in the war ravaged North & East over a […]
Reveal All
Sri Lanka has asked all non governmental organisations who are on a drive to raise money for tsunami victims to channel the funds through a special bank account.Sri Lanka has asked all non governmental organisations who are on a drive to raise money for tsunami victims to channel the funds through a special bank account. […]
Tourism authorities consider revising 2005 targets as tourist arrivals dry up
Tourist flows to the tsunami struck Paradise Isle are drying up and the tourism authorities are considering revising 2005 targets.Tourist flows to the tsunami struck Paradise Isle are drying up and the tourism authorities are considering revising 2005 targets. January is normally part of the winter tourism peak but January 2005 saw only 38,000 visitors […]
Digital Ads
Digital technologies are both an opportunity and a threat for the industry according to experts who spoke at the 2nd LBR/LBO advertising and marketing forum.Digital technologies are both an opportunity and a threat for the industry according to experts who spoke at the 2nd LBR/LBO advertising and marketing forum. Some digital media like the Internet […]
Eye Opener
A group of experts say tsunami has presented a window of opportunity to develop an all hazard warning system for the country.A group of experts say tsunami has presented a window of opportunity to develop an all hazard warning system for the country. Every year people die due to a range of natural hazards from […]
Power Troubles
The AES Kelanitissa plant is back after a few days off the grid, after the government stepped in to defuse a crisis that was brewing with the Ceylon Electricity Board.The AES Kelanitissa plant is back after a few days off the grid, after the government stepped in to defuse a crisis that was brewing with […]
Job Hunting
The International Labour Organisation says up to 20 percent of people who lost their livelihood after the tsunami, will switch to different jobs.The International Labour Organisation says up to 20 percent of people who lost their livelihood after the tsunami, will switch to different jobs. “This could mean that thousands abandon their traditional way of […]
Digitally Challenged
Sri Lanka’s urban-rural divide will dictate how companies target consumers in a future, increasingly digital world, local brand builders say.Sri Lanka’s urban-rural divide will dictate how companies target consumers in a future, increasingly digital world, local brand builders say. “Sri Lanka will have to form two distinct advertising strategies to reach local consumers,” said Dilhan […]