Category: Industry
New Pitch
Sri Lanka Cricket has opened the bidding for its team-sponsorship rights for a three-year period starting on April 2005.Sri Lanka Cricket has opened the bidding for its team-sponsorship rights for a three-year period starting on April 2005. The current team sponsor’s deal, won by Dilmah Tea in 2002, expires at the end of March, and […]
Jackpot
The government kitty is showing signs of spilling over this year with new taxes adding on to donor contributions.The government kitty is showing signs of spilling over this year with new taxes adding on to donor contributions. The UPFA government launched on an intensive revenue collection campaign in 2004 and the results are already showing. […]
Gold Mine
Around US$ 35 mn worth of monies have flowed into the Central Bank’s special tsunami disaster relief Fund.Around US$ 35 mn worth of monies have flowed into the Central Bank’s special tsunami disaster relief Fund. As at Friday, Rs. 3,522 mn had come in, which includes Rs.453 mn worth of funds channelled to the government […]
Fourth Lane
Plans to expand tsunami damaged roads in the south and east are still on the drawing board, with a final report expected in early February. Plans to expand tsunami damaged roads in the south and east are still on the drawing board, with a final report expected in early February. Officials say a decision to […]
Red Dot
Fitch Ratings Lanka Ltd (FRL) assigns BB+ (sri) (double B plus) national rating for the Implied Long-term unsecured Senior Debt of Pan Asia Banking Corporation Ltd. (PABC). Fitch Ratings Lanka Ltd (FRL) assigns BB+ (sri) (double B plus) national rating for the Implied Long-term unsecured Senior Debt of Pan Asia Banking Corporation Ltd. (PABC). BB+ […]
Double-Edged
One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of aid.The question remains how the billions of dollars can be used in the long-term to reconstruct shattered lives.One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of […]
Tax Drive
The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets.The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets. “Around half of the tax payers are yet to settle their full dues to the department […]
Big Step
Ceylinco Consolidated, the leading corporate group in Sri Lanka, has tied up with Shriram Properties Ltd to develop commercial and housing properties in Bangalore and Chennai.Ceylinco Consolidated, the leading corporate group in Sri Lanka, has tied up with Shriram Properties Ltd to develop commercial and housing properties in Bangalore and Chennai. The Colombo-based conglomerate and […]
Heavy Bag
Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at billion, with a bulk of the money needed for housing, fishing boats and water supply facilities.Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at $2 billion, with a bulk of the money needed for […]
Closing In
Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue.Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue. The blanket tax amnesty granted in 2003 is no longer valid and the taxmen are closing in on tax evaders. One way […]
On the Road
An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding.An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding. “We have identified and submitted to the government, long term road development projects, for donor funding,” […]
Asian Dollars
In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets in the tsunami that struck Sri Lanka’s eastern coastline on 26 December.In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets […]