Category: Industry
Cheap Cuts
Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities in the form of a direct loan as a […]
Going Thermal
With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than it did six months ago. With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than […]
Nerd Camp
A knowledge network intended to build up Asian capacity to create and maintain pro-poor, pro-market and innovation friendly policy and regulatory environments for information and communication, took off in Sri Lanka recently. A knowledge network intended to build up Asian capacity to create and maintain pro-poor, pro-market and innovation friendly policy and regulatory environments for […]
Singapore Only
Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries.Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries. A team from Jurong is studying […]
Feeding Flyers
Diesel & Motor Engineering Company Limited (DIMO) stepped in on Thursday, to assist SriLankan Catering feed thousands of airline passengers setting foot on the island. Diesel & Motor Engineering Company Limited (DIMO) stepped in on Thursday, to assist SriLankan Catering feed thousands of airline passengers setting foot on the island. With its latest venture worth […]
Are tourists actually spending more in Sri Lanka?
A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in the days of 1992.A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in […]
High networth tourists are here to stay, with foreign guest nights up 16 percent last quarter.
High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year.High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year. Sri Lanka […]
Three Medals
National Development Bank (NDB) has secured an AA (sri) rating, while its commercial and housing banking units were each rated AA-(sri) by Fitch Ratings Lanka Ltd. NDB’s subordinated unsecured debt walked off with AA-(sri) (double AA minus) and NDB Bank – its commercial banking arm – picked up a A+(sri) (A plus) rating for their […]
Hop Along
Private bus fares will go up by around 15 percent from October 1, in response to the government’s decision to raise diesel prices by Rs.8.00 last Friday. Private bus fares will go up by around 15 percent from October 1, in response to the government’s decision to raise diesel prices by Rs. 8.00 last Friday. […]
” out of conservation and creating a million birders.
Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025.Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025. “A birdwatcher,” wildlife enthusiast and CEO […]
Yellow Light
A campaign to re-route Galle Road traffic has hit a red light, with the Colombo Traffic Police Div., looking for more time to shape up its plans.A campaign to re-route Galle Road traffic has hit a red light, with the Colombo Traffic Police Div., looking for more time to shape up its plans. The Colombo […]
Changing Tracks
The Transport Ministry is mooting changes to the century old Railway Ordinance, to resurrect it once the new Railway Authority Act is repelled.The Transport Ministry is mooting changes to the century old Railway Ordinance, to resurrect it once the new Railway Authority Act is repelled. “The draft to repeal the Sri Lanka Railway Authority Act […]