Category: Industry
Powerful Undercurrents
The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices in the country. The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices […]
High Time
A top bureaucrat said the utilities regulator already set up will be made fully operational next year. A top bureaucrat said the utilities regulator already set up will be made fully operational next year. Mano Tittawella, the Chairman of Strategic Enterprises Management Agency (SEMA), told businessmen that the multi sector regulator, Public Utilities Commission of […]
Hilton Hotel sale may take time
The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, an official at the government’s privatization body said Friday. The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, […]
Banking Miracle
Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Pan Asia now called PABC […]
Speed Cheques
Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque truncation. Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque […]
Hospitality industry injects US$ 150 mn to spruce up properties and re-open unused rooms, as Sri Lanka rolls out the carpet to greet 570,000 tourists
Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to greet a record 570,000 visitors this season, following 2½ years of ceasefire.Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to […]
Target Marketing
The art of selling fridges to Eskimos is not good enough any more for the marketing fraternity, now demanding industry specific training to battle it out in today’s supercharged rat race.The art of selling fridges to Eskimos is not good enough any more for the marketing fraternity, now demanding industry specific training to battle it […]
Connaissance links up with Maldives Per Aquum to manage its new Dutch style boutique resort
The Connaissance Group tied up with Maldivian luxury hotel and spa managers Per Aquum on Thursday, to take over management of its new boutique hotel, Fortress Resorts.The Connaissance Group tied up with Maldivian luxury hotel and spa managers Per Aquum on Thursday, to take over management of its new boutique hotel, Fortress Resorts. The team […]
Sri Lanka plans to lure top dollar eco-tourist lovers to feast on its 26 species of whales currently sunbathing around its coastal belt
Sri Lanka plans to lure top dollar eco-tourist lovers to feast on its 26 species of whales currently sunbathing around its coastal belt.Sri Lanka plans to lure top dollar eco-tourist lovers to feast on its 26 species of whales currently sunbathing around its coastal belt. The country plays host to the blue whale – currently […]
‘s rich feathered life.
A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life.A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life. […]
Saline Drip
Sri Lanka’s slow moving donor funded projects, will be fast tracked through a high powered cabinet subcommittee chaired by the President, Cabinet Spokesman said Thursday. Sri Lanka’s slow moving donor funded projects, will be fast tracked through a high powered cabinet subcommittee chaired by the President, Cabinet Spokesman said Thursday. Sri Lanka is expecting some […]
Pay Back
The plantation companies want the government to bring down the Economic Service Charge (ESC) from one percent to 0.5 percent for the plantation industry. The plantation companies want the government to bring down the Economic Service Charge (ESC) from one percent to 0.5 percent for the plantation industry. Double Edge The extended deadline to […]