Category: Industry
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 […]
Foreign Advantage
Commercial Bank is extending benefits to its foreign currency accountholders by offering floating interest rates calculated on a daily basis.Commercial Bank is extending benefits to its foreign currency accountholders by offering floating interest rates calculated on a daily basis. ‘FC Plus’ promises to pay foreign currency account holders – with an account balance in excess […]
Cut off
The Ceylon Chamber of Commerce says it will lobby the Government to remove restrictions on tax deductible expenses proposed in the 2005 budget. The Ceylon Chamber of Commerce says it will lobby the Government to remove restrictions on tax deductible expenses proposed in the 2005 budget. Removing overseas travel and entertainment bills from income before […]
Power Politics
The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility.The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility. Finance Minister Dr. Sarath Amunugama said on Thursday that renewable sources of […]
Home Made
Local software vendors will get 50 percent of the total billings of all business software solution implementations in the state sector, to boost industry’s revenues closer to the US$ 1 billion mark by 2012.Local software vendors will get 50 percent of the total billings of all business software solution implementations in the state sector, to […]
Respect Mr. Public Servant
Inland Revenue Department is being geared up to collect more taxes from next year.Inland Revenue Department is being geared up to collect more taxes from next year. The government is planning to increase tax collections by Rs. 69 billion next year or roughly three percent of GDP The Department of Inland Revenue says they plan […]
Drawing Power
Sri Lanka’s power demand peaked at a new high of 1559.9 MW last night, as people plugged in to watch and listen with bated breath to the government’s maiden budget.Sri Lanka’s power demand peaked at a new high of 1559.9 MW last night, as people plugged in to watch and listen with bated breath to […]
Little Tweaks
Government brings new proposals to compute executive perks and attract foreign currency holders to stash their cash in local banks.Government brings new proposals to compute executive perks and attract foreign currency holders to stash their cash in local banks. Finance Minister Sarath Amunugama says the changes are essential to ‘encourage socially responsible citizens’, but that […]
Money Minded
The Treasury Secretary says Sri Lanka’s national budget for 2005 is geared to generate funds internally without waiting for donor assistance. The Treasury Secretary says Sri Lanka’s national budget for 2005 is geared to generate funds internally without waiting for donor assistance. “If donor assistance fits into our development strategy, we take it. But if […]
Check Point
The Colombo port could start scanning its cargo for nuclear and radioactive content by end next year under the US Megaports initiative.The Colombo port could start scanning its cargo for nuclear and radioactive content by end next year under the US Megaports initiative. A visiting US team will end a third round of talks with […]