Category: Industry
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 […]
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 […]
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 […]
Debt Monetization
The debate is intensifying around how much the government has printed money to finance the deficit. The Central Bank says some numbers quoted in media reports are misleading. Our Economic columnist says it is certainly refreshing to see a debate developing around the government printing money to finance the deficit. . Central Bank holdings of […]
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 […]