Category: Industry
Go Ahead
The Trustee of Vanik debenture holders told the Colombo Stock Exchange on Thursday that it would support an application to windup the company.The Trustee of Vanik debenture holders told the Colombo Stock Exchange on Thursday that it would support an application to windup the company. Thursday’s statement follows an application on October 11 to the […]
Gas Auction
Shell Sri Lanka is gearing up for a due diligence of local operations, falling in line with parent plans to sell off its global LPG business, and grow its hunt for oil.Shell Sri Lanka is gearing up for a due diligence of local operations, falling in line with parent plans to sell off its global […]
Going Online
From housemaids in the Middle East to engineers in Canada, Sri Lankans away from home keep tabs on news back home through Sri Lankan newspapers online.From housemaids in the Middle East to engineers in Canada, Sri Lankans away from home keep tabs on news back home through Sri Lankan newspapers online. The Internet is emerging […]
Change Factor
A name, brand and balance sheet makeover later, Pan Asia Bank Corporation Limited says it is talking to an undisclosed foreign bank and the National Savings Bank to build its housing loan portfolio.A name, brand and balance sheet makeover later, Pan Asia Bank Corporation Limited says it is talking to an undisclosed foreign bank and […]
Driving Off
A pick up in the Indian car market is driving the leasing business here, with Tata India expanding its fleet of vehicles locally to tap the potential.A pick up in the Indian car market is driving the leasing business here, with Tata India expanding its fleet of vehicles locally to tap the potential. Diesel and […]
Wheeler Dealers
The main opposition United National Party seems to think that more subsidies are the way to go, by claiming that the government should subsidise petrol.The main opposition United National Party seems to think that more subsidies are the way to go, by claiming that the government should subsidise petrol. Showing their solidarity with protesting three-wheeler […]
Delayed Post
Postal Department employees will go on over-time-strike from twelve midnight on Monday until over time dues for September are paid.Postal Department employees will go on over-time-strike from twelve midnight on Monday until over time dues for September are paid. “From midnight today we will not do the over time shifts until the pay us our […]
Global tour operating giant TUI AG takes up 25% slice in Aitken Spence Travel Ltd
Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday destination. Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday […]
Gold Mine
Sri Lanka’s Central Bank Tuesday raised the price of its commemorative gold coins by 43.75 percent as it ended a four-month suspension on the sale of precious metal coins.Sri Lanka’s Central Bank Tuesday raised the price of its commemorative gold coins by 43.75 percent as it ended a four-month suspension on the sale of precious […]
No Can Do
The Central Bank on Tuesday warned the public that Kandy based Lankawin Finance Company Limited was taking deposits without a license under the Finance Company’s Act.The Central Bank on Tuesday warned the public that Kandy based Lankawin Finance Company Limited was taking deposits without a license under the Finance Company’s Act. “The public is informed […]
Boiling Point
A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in three slabs.A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in […]
Ringing Twice
The postal service loses about Rs. 8 for every letter they deliver in the island.The postal service loses about Rs. 8 for every letter they deliver in the island. The service is today mostly used for corporate mail like sending phone bills to bank statements. Most of this mail is sent by companies that don’t […]