Category: Industry
Refresh Button
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]