Category: Industry
Slow Boat
A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south harbour project.A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south […]
Shocking
The Finance Minister says improving financial reporting standards will reduce the strain on the government budget The Finance Minister says improving financial reporting standards will reduce the strain on the government budget Better financial reporting according to the minister will make it possible for justifying restructuring of institutions making losses like the CEB, which is […]
Build It and Give It
SriLankan Airlines will hand over flying to a top European destination to its equity partner Emirates and add frequencies to other destinations on the back of a recent management reshuffle.SriLankan Airlines will hand over flying to a top European destination to its equity partner Emirates and add frequencies to other destinations on the back of […]
More Please
Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the end of 2005, but plans to press lenders to extend the moratorium to the end of 2007, the island’s finance minister said on Friday.Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the […]
So, So
Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia was skeptical and said it would be of little help.Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia […]
Clean Air
A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table.A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table. The reallocation within the 800 MHz […]
Seniors First
The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. “We have quite […]
Drifting Apart
Sri Lanka has slipped to the 71 spot (from 66 last year) in the World Economic Forum’s Global Information Technology Report.Sri Lanka has slipped to the 71 spot (from 66 last year) in the World Economic Forum’s Global Information Technology Report. The report ranks nations on how good they are at exploiting global IT developments […]
Ceylinco to tap US markets for money to build Hyatt hotel in Colombo
The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo.The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo. The Sri […]
One Year Breather
Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 on repayment of their debt owed to Paris Club members, the Paris Club said Thursday. Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 […]
‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]
Mix ‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]