Category: Industry
Playing Safe
Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy to hedge its crude imports, Treasury Secretary said.Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy […]
Post Paid
Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery.Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery. A midnight […]
Rough Ride
The Government put another road block before vehicle imports, with the Central Bank Friday raising the bar on obtaining Letters of Credit (LCs). The Government put another road block before vehicle imports, with the Central Bank Friday raising the bar on obtaining Letters of Credit (LCs). The directive, effective immediately, will require importers to post […]
Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image
Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image, the Tourist Board said Thursday. Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image, the Tourist Board said Thursday. “We are going for a makeover to […]
Coming Soon
Loss making state entities face the axe under a revised mandate for the Public Enterprises Reform Commission (PERC), now in the last stages of finalisation. Loss making state entities face the axe under a revised mandate for the Public Enterprises Reform Commission (PERC), now in the last stages of finalisation. Strategic Enterprises Reform Commission (SEMA) […]
Dusting Powder
The United States on Thu. donated US$ US 330,000 to the Colombo Plan to assist in combating drug use among Asian youth. The United States on Thu. donated US$ US 330,000 to the Colombo Plan to assist in combating drug use among Asian youth. Handing over the cheque, Ambassador Jeffrey J Lunstead commended on the […]
Fuel Vouchers
Lanka IOC is opting for a book building process to raise up to Rs.2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. Lanka IOC is opting for a book building process to raise up to Rs. 2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. […]
Aii Barry?
Savvy mobile phone owners have adopted the English script to send short messages (SMS) in their local languages.Savvy mobile phone owners have adopted the English script to send short messages (SMS) in their local languages. Cellular operator Celltel’s local language SMS service was slow to take off due to its limited options including the hassle […]
Winter birds flock in, pushing September tourist arrivals up 43%
Tourist arrivals swung upwards in September heralding a bustling winter season and prompting tourism authorities to notch up end of the year targets. Tourist arrivals swung upwards in September heralding a bustling winter season and prompting tourism authorities to notch up end of the year targets. “Normally the winter season starts September October. This year […]
Long Life
An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life.An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life. Among the key features of the Ceylinco Retirement Account (CRA) is its flexibility to adapt to individual customer requirements. Each customer is given the […]
Hit & Run
The Transport Ministry will tap one percent of all third-party insurance to start a hit-and-run fund for pedestrians by end of this year.The Transport Ministry will tap one percent of all third-party insurance to start a hit-and-run fund for pedestrians by end of this year. “We will set up a fund using one percent of […]
Free Wire
A consultation paper proposing a frequency reallocation model is unlikely to go through smoothly, with the wireless local-loop (WLL) operators Suntel and Lanka Bell calling it uncompetitive.A consultation paper proposing a frequency reallocation model is unlikely to go through smoothly, with the wireless local-loop (WLL) operators Suntel and Lanka Bell calling it uncompetitive. The Telecommunications […]