Category: Industry
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 […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned. Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the […]
Not So Bad
Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster.Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster. […]
Strong Push
Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec.31 Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec. 31 The company […]
Boot Up
The ICT Agency is shifting its rural connectivity plans to the coast in a move to help tsunami survivors cope with the disaster and share their plight with the world.The ICT Agency is shifting its rural connectivity plans to the coast in a move to help tsunami survivors cope with the disaster and share their […]
Tsunami Wave
Sri Lanka on Friday offered free Internet surfing for tsunami survivors and said free telephone services will also be made available to those displaced by the disaster. Five Internet cafes would be launched in the first phase at the southern district of Hambantota by Prime Minister Mahinda Rajapakse on Sunday, the Information and Communication Technology […]
All Systems Go
Though most are agreed that a flexible, multi-hazard warning system is what Sri Lanka needs, it might have to be put into law to ever really take effect.Though most are agreed that a flexible, multi-hazard warning system is what Sri Lanka needs, it might have to be put into law to ever really take effect. […]
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 […]