Category: Industry
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) […]
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 […]
Getting Hitched
Vanik Inc. is in talks with a foreign investor to restructure its balance sheet and fend off bankruptcy proceedings to recover Rs. 4.4 bn in debt. Vanik Inc. is in talks with a foreign investor to restructure its balance sheet and fend off bankruptcy proceedings to recover Rs. 4.4 bn in debt. The ailing merchant […]
Rerun
The government has reapplied for a US$ 60 mn loan from the Asian Development Bank (ADB) to restructure national revenue collection.The government has reapplied for a US$ 60 mn loan from the Asian Development Bank (ADB) to restructure national revenue collection. “We (government and ADB) have agreed on a basic outline and we hope to […]
Fast Pace
A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market last week, seeking to be a major player in a sector that grew 66 per cent last year.A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market […]
Village Hand
Condemning the way traditional subsidies are doled out to the poor, the Freedom Alliance Government is gearing to launch a fresh poverty reduction programme later this week.Condemning the way traditional subsidies are doled out to the poor, the Freedom Alliance Government is gearing to launch a fresh poverty reduction programme later this week. Samurdhi and […]
Media Attack
Sri Lanka’s opposition United National Party condemned the grenade attack on the independent Swarnavahini television station, and called for an inquiry to find the culprits. Sri Lanka’s opposition United National Party condemned the grenade attack on the independent Swarnavahini television station, and called for an inquiry to find the culprits. “We strongly condemn the attack […]