Category: Industry
Getting Nowhere
Shell Gas Lanka Ltd, a unit of Royal/Dutch Shell Group, is seeking for some ’emergency tsunami aid’ from the Sri Lankan government, after six months lag on price hikes, blew a Rs.350 mn hole in its balance sheet last year, top officials said. Shell Gas Lanka Ltd, a unit of Royal/Dutch Shell Group, is seeking […]
The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines
The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines. The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines. The WTO had completed a Tourism Infrastructure […]
Clean Flush
Japan will pump Rs. 146 mn to clean up Colombo’s century old sewer system that takes on the brunt of over 700,000 residents daily.Japan will pump Rs. 146 mn to clean up Colombo’s century old sewer system that takes on the brunt of over 700,000 residents daily. The project will take till 2010 to clean […]
New hotel projects, approved before the tsunami, told to re-apply for a building licence if within no-building zone
New hotel projects – that were approved before the tsunami- must re-apply for a building licence if they fall within the latest ‘no-building’ zone.New hotel projects – that were approved before the tsunami- must re-apply for a building licence if they fall within the latest ‘no-building’ zone. “People with licences obtained previous to the tsunami […]
Bug Buster
IT solutions provider Eureka Technology Partners say Sri Lankan business face an equal threat from hackers and other software vulnerabilities as are their overseas counterparts and with the consequences as painful as a labour dispute.IT solutions provider Eureka Technology Partners say Sri Lankan business face an equal threat from hackers and other software vulnerabilities as […]
Tsunami Circus
Tsunami victims stew in camps in Sri Lanka waiting for millions of rupees worth of aid that has got stuck in government red tape.Tsunami victims stew in camps in Sri Lanka waiting for millions of rupees worth of aid that has got stuck in government red tape. “On average only about 30 percent of the […]
Medical Aid
The Ceylinco Group will invest Rs.2 bn to set up two specialised hospitals this year, following the success of its Cancer Detection Centre.The Ceylinco Group will invest Rs. 2 bn to set up two specialised hospitals this year, following the success of its Cancer Detection Centre. “We are in the process of setting up two […]
Easing Off
A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s Ceylon Petroleum Corp. repay its mountain of foreign debt, Ceypetco chairman Jaliya Madegama said Tuesday. A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s […]
Moving Over
The tsunami may have its effects on migration a year from now, as it leaves behind people – some displaced into cities, taking a keen look at work abroad.The tsunami may have its effects on migration a year from now, as it leaves behind people – some displaced into cities, taking a keen look at […]
Restart
Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. The applications call for some Rs. 775 million in concessionary loans, the bank said on Tuesday. The applications are in response to the Bank’s Susahana […]
Rolling Dice
Sri Lanka plans to reward good taxpayers with a lottery scheme this year, as the government pulls out the stops to raise Rs.351 bn in tax revenue this year, Treasury Secretary said.The usually starved Treasury was rather well fed by end last year, thanks to a string of new taxes, including unpopular measures like retrospective […]
Helping Hand
“I don’t want to fill any more tsunami forms,” is the first thing A P Gunawathi tells strangers visiting her present home – a displaced person’s camp in Dikwella, in the Matara district.“I don’t want to fill any more tsunami forms,” is the first thing A P Gunawathi tells strangers visiting her present home – […]