Category: Industry
Train Trip
The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department.The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department. Railways Chief Priyal de Silva told Lanka Business Online that the Department was now […]
Mandarin Deals
China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect.China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect. The deal which was inked late October, is in addition to rights to operate four weekly passenger services to Beijing and Shanghai […]
Cold Thoughts
Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn loss for the first nine months this year.Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn […]
Precision Cut
Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street.Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street. […]
Travelling Light
Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. In that deal […]
All in One
Citrix Systems, a US based software solutions providers is asking Sri Lankan companies to cut the chord on information access and forget the high cost of synchronising hardware and software platforms. Citrix Systems, a US based software solutions providers is asking Sri Lankan companies to cut the chord on information access and forget the high […]
Peace Money
Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building.Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building. On its part, the Sri Lankan government would have to maintain consistency in its […]
Soothing Oil
India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months.India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months. Indian state […]
Little Irritation
Sri Lanka Telecom’s group net profits fell 27 percent for the nine months ended Sept.30, weighed down by a new levy on international calls. Sri Lanka Telecom’s group net profits fell 27 percent for the nine months ended Sept. 30, weighed down by a new levy on international calls. The cash rich operator posted net […]
Lift Off
All future civil aviation development will be on a much-needed sector master plan that is in the works, but re-hauling regional airports and private air traffic management may not be top priority.All future civil aviation development will be on a much-needed sector master plan that is in the works, but re-hauling regional airports and private […]
Disclosure Tariffs
The insurance watchdog is taking a serious look at mandating firms to get a listing on the Colombo Stock Exchange within three years, a top official said.The insurance watchdog is taking a serious look at mandating firms to get a listing on the Colombo Stock Exchange within three years, a top official said. The issue […]
Strike Out
The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects.The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects. […]