Category: Industry
Nearly Done
Around sixty percent of a 1.8 billion-dollar tsunami reconstruction plan will target Tamil Tiger-controlled areas of Sri Lanka, with fisheries and small businesses the main focus, a top official said. Around sixty percent of a 1.8 billion-dollar tsunami reconstruction plan will target Tamil Tiger-controlled areas of Sri Lanka, with fisheries and small businesses the main […]
Number Please
Sri Lanka must provide international and regional disaster warning centres with a 24-hour, 365-day means of contact, say local experts. Sri Lanka must provide international and regional disaster warning centres with a 24-hour, 365-day means of contact, say local experts. "The government needs to designate specific contact points for these institutions to reach us in […]
Double Celebrations
Lanka IOC Ltd., a Sri Lankan fuel retailer, Thursday said its net profit for the nine months to December more than doubled after the company opened more filling stations on the island during that period.Lanka IOC Ltd., a Sri Lankan fuel retailer, Thursday said its net profit for the nine months to December more than […]
In the Dark
Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Government dithering on reforms has put the CEB’s debt restructuring in limbo and […]
Makeover
Sri Lanka Telecom says it has appointed MTI Consulting to ‘dress up’ its brand, following an intense global round of competitive bidding.Sri Lanka Telecom says it has appointed MTI Consulting to ‘dress up’ its brand, following an intense global round of competitive bidding. MTI’s task is to take this ‘Legacy Brands’ up to the next […]
Local Mint
State run National Savings Bank stepped into the lucrative US$ 1.5 bn foreign worker remittances market by offering savings and fixed deposit products. State run National Savings Bank stepped into the lucrative US$ 1.5 bn foreign worker remittances market by offering savings and fixed deposit products. So far, the savings giant has been picking up […]
Audit Check
Sri Lanka has asked local and international aid agencies to disclose their tsunami-relief operations and sources of funding, saying the information was essential to reduce waste.Sri Lanka has asked local and international aid agencies to disclose their tsunami-relief operations and sources of funding, saying the information was essential to reduce waste. The Finance Ministry in […]
Water Works
Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. “Initially we are hoping to introduce 70 units but there would be more later,” said Adrian Cohen from the Australian medical risk management company, Immediate […]
Cabinet clears proposal for duty free imports for hotels damaged by the tsunami
Government lifts import duties temporarily on reconstruction material and vehicles for tsunami damaged tourism companies.Government lifts import duties temporarily on reconstruction material and vehicles for tsunami damaged tourism companies. Hotels damaged by the tsunami can import reconstruction material free of all import duties, said the Ministry of Tourism on Tuesday. “Cabinet has approved, on principle, […]
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Sri Lanka’s key lenders will hold fresh talks with Tamil Tiger rebels to assess tsunami damage amid hopes of finalising a reconstruction plan estimated to cost 1.5 billion dollars, officials said Sri Lanka’s key lenders will hold fresh talks with Tamil Tiger rebels to assess tsunami damage amid hopes of finalising a reconstruction plan estimated […]
Think Again
The Japan Bank for International Co-operation (JBIC) said Monday that it will not participate if a Trust Fund is set up to direct reconstruction aid to the North The Japan Bank for International Co-operation (JBIC) said Monday that it will not participate if a Trust Fund is set up to direct reconstruction aid to the […]
Comfort Pillow
The Central Bank has upped the limit on tsunami loans to Rs 10 mn from Rs. 5 mn, for smaller hotels who were not covered by insurance.The Central Bank has upped the limit on tsunami loans to Rs 10 mn from Rs. 5 mn, for smaller hotels who were not covered by insurance. Priced at […]