Category: Industry
The Tourist Board acquires land to tempt foreign businessman to invest.
The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling.The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling. The ‘Land Bank’ project mooted last year has identified possible tourism development […]
Rate Card
Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. On […]
Short Affair
SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo.SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo. Around 61,000 passengers transit through Bandaranaike International Airport each month, but SriLankan expects only […]
Gas Leak
Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase.Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase. “We had a discussion yesterday, and we asked […]
Fems Fatale
Hemas Holdings cashed in on a Rs.300 mn market and growing for female hygiene products last week, buying over sanitary napkin brand, Fems.Hemas Holdings cashed in on a Rs. 300 mn market and growing for female hygiene products last week, buying over sanitary napkin brand, Fems. The Group picked up the brand from Maxims, who […]
Ageing Nicely
Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account.Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account. The revamped account offers it’s over 55 year […]
Electronic Leash
SriLankan Cargo is offering a web based supply chain management solutions to cut costs and speed up the documentation process for its customers.SriLankan Cargo is offering a web based supply chain management solutions to cut costs and speed up the documentation process for its customers. The national carrier says e-HAWB (electronic House Air Way Bill), […]
Filling Up
Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a US$ 150 mn credit line. Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a […]
Hanging Up
The Welikada prison’s 7000 inmates will stay-put, with Sri Lanka telecom hanging up on its call centre project.The Welikada prison’s 7000 inmates will stay-put, with Sri Lanka telecom hanging up on its call centre project. Chief Executive Shuhei Anan told shareholders on Monday that the telco giant would abandon its Telecom City project to focus […]
Encore
The Inland Revenue says it will call for fresh applications for amnesty since the amnesty law of 2003 was repealed and a new law was introduced last month.The Inland Revenue says it will call for fresh applications for amnesty since the amnesty law of 2003 was repealed and a new law was introduced last month. […]
Venturing Out
Jet Airways and Air Sahara are closing strategic deals with international airlines in a bid to smoothen their global take-off.Jet Airways and Air Sahara are closing strategic deals with international airlines in a bid to smoothen their global take-off. While Jet Airways has forged an alliance with South African Airways (SAA) to boost business and […]
Bosom Buddies
Cancer among women is increasing in Sri Lanka and private health care services are rising to the needs with wigs and chests at very competitive prices. Cancer among women is increasing in Sri Lanka and private health care services are rising to the needs with wigs and chests at very competitive prices. Ceylinco Healthcare Service […]