Category: Industry
Money Minded
The Treasury Secretary says Sri Lanka’s national budget for 2005 is geared to generate funds internally without waiting for donor assistance. The Treasury Secretary says Sri Lanka’s national budget for 2005 is geared to generate funds internally without waiting for donor assistance. “If donor assistance fits into our development strategy, we take it. But if […]
Check Point
The Colombo port could start scanning its cargo for nuclear and radioactive content by end next year under the US Megaports initiative.The Colombo port could start scanning its cargo for nuclear and radioactive content by end next year under the US Megaports initiative. A visiting US team will end a third round of talks with […]
Local retail outlets are gearing for a busy holiday season.
Indian tourists looking around for branded bargains are on a buying spree in Sri Lanka and local retail outlets are gearing for a busy holiday season.Indian tourists looking around for branded bargains are on a buying spree in Sri Lanka and local retail outlets are gearing for a busy holiday season. “There has been an […]
Emirates report its best ever half year results
Strong passenger and cargo demand coupled with better yields has helped Middle East airline giant Emirates report its best ever half year results with a net profits of US6 million.Strong passenger and cargo demand coupled with better yields has helped Middle East airline giant Emirates report its best ever half year results with a net […]
New Extensions
Wireless local loop operator Lanka Bell is splashing US$ 500,000 in internal funds for network expansion in 2005.Wireless local loop operator Lanka Bell is splashing US$ 500,000 in internal funds for network expansion in 2005. Suppliers, US based Airspan Networks on Monday said Lanka Bell will use the equipment to expand its existing Proximity-based fixed […]
Head Count
Sri Lanka will take a headcount of its IT professionals to help match supply with private sector demand for the trained personnel.Sri Lanka will take a headcount of its IT professionals to help match supply with private sector demand for the trained personnel. The census is part of a US$ 12,000 study to help policy […]
Poor Health
Prevention, they say, is better than cure – it is also a lot cheaper, as Sri Lanka’s cash starved health authorities have finally worked out.Prevention, they say, is better than cure – it is also a lot cheaper, as Sri Lanka’s cash starved health authorities have finally worked out. On Tuesday the Ministry of Health […]
Single Sky
Sri Lanka may soon have to amend its European bilateral Air Service Agreements to allow for a Common Sky, as the EU starts to push the buttons to fall in line.Sri Lanka may soon have to amend its European bilateral Air Service Agreements to allow for a Common Sky, as the EU starts to push […]
Password Protected
The ICT Agency will draft a set of high level policy documents to govern the roll out of citizen services and collective information resources.The ICT Agency will draft a set of high level policy documents to govern the roll out of citizen services and collective information resources. First in the list, an information security policy […]
Wait Up
Sri Lanka’s domestic banks are still far from coming to grips with modern risk management techniques, though branches of foreign banks were coping better, a survey that was out in November, has revealed.Sri Lanka’s domestic banks are still far from coming to grips with modern risk management techniques, though branches of foreign banks were coping […]
Bitter Battles
Depositors of the failed Pramuka Bank have demanded Rs.6 bn in damages from its regulator, Sri Lanka’s Central Bank.Depositors of the failed Pramuka Bank have demanded Rs. 6 bn in damages from its regulator, Sri Lanka’s Central Bank. “We sent out letters of demand to the Monetary Board asking for damages up to Rs. 6 […]
Taxing Max
Tax experts say that government’s ad hoc changes to taxes outside the budget harms the stability of the fiscal environment. Tax experts say that government’s ad hoc changes to taxes outside the budget harms the stability of the fiscal environment. They also believe that the Economic Service Charge has not looked positive on a cross […]