Category: Industry
Model Trains
The local railway is hoping to build its fleet by making trains at home but the plan hinges on a successful test run next year. The local railway is hoping to build its fleet by making trains at home but the plan hinges on a successful test run next year. Sri Lanka’s railway coupled up […]
Running Condition
Sri Lanka’s railway is badly in need of a lifeline, a big fat one in that, instead for years now its has been thrown a thread to hang on to. Sri Lanka’s railway is badly in need of a lifeline, a big fat one in that, instead for years now its has been thrown a […]
Europeans are trickling into to Sri Lanka for a sizzling winter.
October tourist arrivals show Europeans trickling into to the warm beaches of Sri Lanka for a sizzling winter vacation.October tourist arrivals show Europeans trickling into to the warm beaches of Sri Lanka for a sizzling winter vacation. “Arrivals from Europe are increasing from October because it’s the start of winter,” said the Tourist Board announcing […]
Pitching for Dollars
The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued at US $ 977.7 mn. The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued […]
Good Omen
Sri Lanka Telecom’s maiden international debt issue took another step, when the telco giant picked up two foreign currency ratings for it debenture issue. Sri Lanka Telecom’s maiden international debt issue took another step, when the telco giant picked up two foreign currency ratings for it debenture issue. The dominant carrier waltzed off with a […]
Conference Call
A cultural backlash and regulatory red tape is stifling growth for call centre operators, but a new formed Association says it wants to lobby for change. A cultural backlash and regulatory red tape is stifling growth for call centre operators, but a new formed Association says it wants to lobby for change. Business Process Outsourcing […]
The Challenge
A top business leader questioned the way auditors form their opinions in making “going concern” decisions about companies.A top business leader questioned the way auditors form their opinions in making “going concern” decisions about companies. Addressing professional accountants at the Silver Jubilee celebrations of the Institute of Chartered Accountants, Chandra Jayaratne, Managing Director, Eagle Insurance […]
Protecting Them All
The local insurance industry premium income grows by about 20 percent a year but as a percentage of GDP, the premium revenue account for less than 1.5 percent. The local insurance industry premium income grows by about 20 percent a year but as a percentage of GDP, the premium revenue account for less than 1.5 […]
Train Trip
The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department.The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department. Railways Chief Priyal de Silva told Lanka Business Online that the Department was now […]
Mandarin Deals
China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect.China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect. The deal which was inked late October, is in addition to rights to operate four weekly passenger services to Beijing and Shanghai […]
Cold Thoughts
Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn loss for the first nine months this year.Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn […]
Precision Cut
Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street.Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street. […]