Category: Industry
Cyber Battles
The World Intellectual Property Office (WIPO) says cyber squatters are increasingly encroaching dot coms and country code domains, all over the world.The World Intellectual Property Office (WIPO) says cyber squatters are increasingly encroaching dot coms and country code domains, all over the world. According to WIPO cyber squatting, or the illegal use of names or […]
Slow Connection
eServices Lanka, the automated cargo clearance service, is looking to tie up with trade groups to coax more traffic online. eServices Lanka, the automated cargo clearance service, is looking to tie up with trade groups to coax more traffic online. “We are open to agreements with parties to increase clearance volumes,” said Sameera Samarakkody, Business […]
Remember Me?
They may be differently able, but some two million Sri Lankans are shut out of public places, as the able bodied fail to understand their needs, a new disability group said Tuesday.They may be differently able, but some two million Sri Lankans are shut out of public places, as the able bodied fail to understand […]
Join Us
The Commercial Bank of Ceylon has established a fully-owned subsidiary to offer employee training and development, banking education, executive search and recruitment, Human Resources (HR) consultation and other HR related services to corporate sector entities in Sri Lanka.The new company, X-Pertise Limited is an extension of the training facilities provided by the Bank’s Staff Development […]
Hotels eligible for one-year import duty waiver, starting March 1, Ministry of Tourism.
Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. “The Finance Ministry agreed to grant an import duty waiver for the hotels for one […]
Still Afloat
Union Assurance Ltd closed the fiscal year 2004 with a Rs.60 mn loss after the recent tsunami washed ashore over 160 insurance claims.Union Assurance Ltd closed the fiscal year 2004 with a Rs. 60 mn loss after the recent tsunami washed ashore over 160 insurance claims. The relatively small insurance firm picked up a hefty […]
Hollow Tone
Sri Lanka Telecom’s group net profits fell 43 percent for the year ended Dec.31, 2004, dragged down by tsunami related costs and a new levy on international calls. Sri Lanka Telecom’s group net profits fell 43 percent for the year ended Dec. 31, 2004, dragged down by tsunami related costs and a new levy on […]
Final Run
Gulf Air said Monday that they would quit Sri Lanka by mid March this year, as soaring oil prices and stiff competition from other Middle East carriers puts the squeeze on operations.Gulf Air said Monday that they would quit Sri Lanka by mid March this year, as soaring oil prices and stiff competition from other […]
All for One
The International Accounting Standards Board (IASB) said countries would benefit by adopting International Accounting Standards. The International Accounting Standards Board (IASB) said countries would benefit by adopting International Accounting Standards. Uniform standards can help investors compare accounts and aid local companies to access international markets. “We have to come up with one single set of […]
Painkillers
State owned Ceypetco says the Treasury will settle Rs.6 bn outstanding in subsidy claims this year, even as deferred payments to Iran fall due in July.State owned Ceypetco says the Treasury will settle Rs. 6 bn outstanding in subsidy claims this year, even as deferred payments to Iran fall due in July. Not allowed to […]
Local Options
Sri Lanka can give India a run in the battle for global outsourcing space, with local IT workers staying longer in a single job than their Indian counterparts.Sri Lanka can give India a run in the battle for global outsourcing space, with local IT workers staying longer in a single job than their Indian counterparts. […]
Shifting Sideways
The Asian Development Bank has reallocated US$ 7 mn from a Rural Finance Sector Development Project in Sri Lanka to provide emergency microcredit to tsunami affected people in the country.The Asian Development Bank has reallocated US$ 7 mn from a Rural Finance Sector Development Project in Sri Lanka to provide emergency microcredit to tsunami affected […]