Category: Industry
We too; We too
Government is planning to raise a record Rs. 26 billion through privatization and asset sales next according to the Finance Ministry. Government is planning to raise a record Rs. 26 billion through privatization and asset sales next according to the Finance Ministry. If achieved, the amount will be a record for privatization and asset sales. […]
Down Hill Ahead
Sri Lanka Insurance which was privatized last year says 400 employees have taken up a Voluntary Retirement Scheme (VRS) during the last few months. Sri Lanka Insurance which was privatized last year says 400 employees have taken up a Voluntary Retirement Scheme (VRS) during the last few months. The company employs 2000 people and says […]
PERC to invite bids for Hilton in January
Sri Lanka’s privatisation body Thursday said it will invite bids in January for the government’s majority stake in Hotel Developers Lanka Ltd. Sri Lanka’s privatisation body Thursday said it will invite bids in January for the government’s majority stake in Hotel Developers Lanka Ltd. “We are in the process of preparing the offer-for-sale document. We […]
Slight Hiccup
Commercial Bank of Ceylon reported a modest group profit growth after its bond trading unit took a hit following a rise in treasury yields. Commercial Bank of Ceylon reported a modest group profit growth after its bond trading unit took a hit following a rise in treasury yields. For the nine months ended Sept. 30 […]
Deadly Bounce
A budget bombshell to part classify advertising and promotional expenses as taxable income has put the industry and its allied services in a spot, with advertisers also grumbling of a plethora of taxes.A budget bombshell to part classify advertising and promotional expenses as taxable income has put the industry and its allied services in a […]
Come On
Sri Lanka Thursday urged civil servants to work an extra hour saying it had the “dubious honour” of being the nation with the world’s highest number of public holidays. Sri Lanka Thursday urged civil servants to work an extra hour saying it had the “dubious honour” of being the nation with the world’s highest number […]
Long Chat
Fixed-line operator Lanka Bell will stretch its network capacity by 20 percent by Christmas this year, under a US$ 2 million expansion programme.Fixed-line operator Lanka Bell will stretch its network capacity by 20 percent by Christmas this year, under a US$ 2 million expansion programme. Retained earnings are paying for the expansion, senior Lanka Bell […]
Mosquito Attack
The Ministry of Health allocates Rs 50 mn from the 2005 national health budget to launch an island wide battle against dengue from January. The Ministry of Health allocates Rs 50 mn from the 2005 national health budget to launch an island wide battle against dengue from January. “For the first time we have allocated […]
Road Block
The contentious Southern expressway’s troubles are still far from over, with the Rs.27 bn road ending up before the UN this week.The contentious Southern expressway’s troubles are still far from over, with the Rs. 27 bn road ending up before the UN this week. The ill-fated highway went before the United Nations Human Rights Commission […]
Guide Book
The ICT Agency is filing its paperwork before rolling out information systems across the island, linking the Government engine to offer citizen services over the internet and increasing efficiency and transparency in its services.The ICT Agency is filing its paperwork before rolling out information systems across the island, linking the Government engine to offer citizen […]
Picture Perfect
Imagine your next laptop coming equipped with a TV remote control? It already does as multimedia takes over computers, with newer devices coming fully equipped with better sound and display technology. Imagine your next laptop coming equipped with a TV remote control? It already does as multimedia takes over computers, with newer devices coming fully […]
Eyeing Merit
Sri Lankans may not have a credit line to offer neighbour Pakistan but are only too happy to donate their eyes to needy Pakistanis.Sri Lankans may not have a credit line to offer neighbour Pakistan but are only too happy to donate their eyes to needy Pakistanis. Sri Lanka and Pakistan are on the verge […]