Category: Industry
Hallo Ko-ho-mada
Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text.Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text. Local language cell-phone applications are catching […]
Deaf Ears
Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans under mountains of subsidy payments. Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans […]
More Pay
Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at least 150 dollars a month before it approves allowing them to take assignments. Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned.Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent […]
‘t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
Don’t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
Slippery Grounds
Ceylon Petroleum Corporation says its operations are not viable unless the government sticks to the pricing formula agreed to as part of the sector restructuring.Ceylon Petroleum Corporation says its operations are not viable unless the government sticks to the pricing formula agreed to as part of the sector restructuring. CPC is waiting for confirmation the […]
Cash Crunch
The government’s overdue subsidy payments for fuel and flour had snowballed to a massive Rs.15 billion in addition to the Rs.27 billion in short term debt that’s crippling the CEB.The government’s overdue subsidy payments for fuel and flour had snowballed to a massive Rs. 15 billion in addition to the Rs. 27 billion in short […]
PABC makes profit
Pan Asia Bank Corporation (PABC) hopes to increase its capital adequacy ratio through a Rights Issue early next year. Pan Asia Bank Corporation (PABC) hopes to increase its capital adequacy ratio through a Rights Issue early next year. The bank with capital to match 12 percent of risk weighted assets is keen to raise it […]
Tsunami cost to tourism far less than 9/11 attacks: industry leaders
The impact of the tsunami disaster on tourism in 2005 will be about 40 times less than that of the September 11 attacks on the United States, industry leaders said Friday at the opening of the World Travel and Tourism summit.The impact of the tsunami disaster on tourism in 2005 will be about 40 times […]
Watchout
The IMF said Thursday that rising living standards in China and the rest of the developing world will keep oil prices sky-high for decades to come, with even 100 dollars a barrel not ruled out.The IMF said Thursday that rising living standards in China and the rest of the developing world will keep oil prices […]
China Calls
Private fixedline operator Lanka Bell, signed up for a US$ 400 mn equipment deal with China’s Huawei Technologies Co., Ltd, to deploy a low cost rural network.Private fixedline operator Lanka Bell, signed up for a US$ 400 mn equipment deal with China’s Huawei Technologies Co., Ltd, to deploy a low cost rural network. The wireless […]