Category: Industry
Travelling Light
Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. In that deal […]
All in One
Citrix Systems, a US based software solutions providers is asking Sri Lankan companies to cut the chord on information access and forget the high cost of synchronising hardware and software platforms. Citrix Systems, a US based software solutions providers is asking Sri Lankan companies to cut the chord on information access and forget the high […]
Peace Money
Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building.Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building. On its part, the Sri Lankan government would have to maintain consistency in its […]
Soothing Oil
India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months.India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months. Indian state […]
Little Irritation
Sri Lanka Telecom’s group net profits fell 27 percent for the nine months ended Sept.30, weighed down by a new levy on international calls. Sri Lanka Telecom’s group net profits fell 27 percent for the nine months ended Sept. 30, weighed down by a new levy on international calls. The cash rich operator posted net […]
Lift Off
All future civil aviation development will be on a much-needed sector master plan that is in the works, but re-hauling regional airports and private air traffic management may not be top priority.All future civil aviation development will be on a much-needed sector master plan that is in the works, but re-hauling regional airports and private […]
Strike Out
The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects.The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects. […]
Cashing on a booming hospitality industry, conglomerate Hemas Holdings is infusing Rs. 100 mn to put up a luxury resort in Tangalle
Cashing on a booming hospitality industry, conglomerate Hemas Holdings is infusing Rs.100 mn to put up a luxury resort in the southern coast of Tangalle.Cashing on a booming hospitality industry, conglomerate Hemas Holdings is infusing Rs. 100 mn to put up a luxury resort in the southern coast of Tangalle. The concept paper for the […]
Disclosure Tariffs
The insurance watchdog is taking a serious look at mandating firms to get a listing on the Colombo Stock Exchange within three years, a top official said.The insurance watchdog is taking a serious look at mandating firms to get a listing on the Colombo Stock Exchange within three years, a top official said. The issue […]
Local Talk
Officials say the next PC sold in the market could come with Sinhalese language capabilities and a local language keyboard.Officials say the next PC sold in the market could come with Sinhalese language capabilities and a local language keyboard. In a beta version released in late October, the hundreds of character combinations that make the […]
By the Way
The Road Development Authority (RDA) is mooting ambitious plans to setup wayside resting parks – reminiscent of the old ambalama concept – without the grazing ground for cattle, but with accident free parking facilities for vehicles.The Road Development Authority (RDA) is mooting ambitious plans to setup wayside resting parks – reminiscent of the old ambalama […]
Divine Intervention
People’s Bank is anticipating a Rs. 8.5 billion cash injection from the State to shore up its capital account by mid next year. People’s Bank is anticipating a Rs. 8.5 billion cash injection from the State to shore up its capital account by mid next year. "We submitted our proposals to SEMA. We are hopeful […]