Category: Industry
Work Load
Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more stressed out instead of coping with it. Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more […]
Fresh Bet
The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings withdrawn in August. The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings […]
Lifting The Veil
Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday.Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday. The move is subject […]
One Stop
Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November.Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November. Minister of Ports and Aviation Mangala Samaraweera told Lanka Business Online that […]
Call Transfer
A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog.A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog. The Vishwa […]
Stress Test
Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink.Ironically, psychiatrists don’t feel like treating Sri Lankan’s either.Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink. Ironically, psychiatrists don’t feel […]
Life Extension
Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka.Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka. Hayleys AIG, which has over 6,000 life policyholders at present, plans to concentrate on general insurance in the […]
Good Times
Local financial sector, dominated by banks, has been growing at a healthy pace for decades.Local financial sector, dominated by banks, has been growing at a healthy pace for decades. Over the last five years banks with their access to cheap deposits have also made in-roads to specialized areas in the financial sector like leasing. The […]
Wired Up
Cellular operator Hutch (formally known as Hutchison) is linking up its limited mobility network to add an island wide mobile service to its portfolio.Cellular operator Hutch (formally known as Hutchison) is linking up its limited mobility network to add an island wide mobile service to its portfolio. Hutch adopted a network model which restricted the […]
Face Lift
Holidaymakers to Sri Lanka this winter will probably return home more relaxed and looking better than they did before their vacation – that is if they check in at the plush Apollo Colombo before sinking into their holiday.Holidaymakers to Sri Lanka this winter will probably return home more relaxed and looking better than they did […]
Surgical Cut
Asiri Medical Services, a unit of Asiri Hospitals Ltd., plans to list its stock next year to settle some debt.Asiri Medical Services, a unit of Asiri Hospitals Ltd., plans to list its stock next year to settle some debt. The 14 storey Asiri Medical Service (AMS) cost the group around Rs. 1.0 bn and was […]
Cricket plays up tourist arrivals in July, sets record for the month
The Tourist Board says July’s arrivals are the best ever recorded for the month, with 50,525 visitors, run up by Indian cricket enthusiast following their team here.The Tourist Board says July’s arrivals are the best ever recorded for the month, with 50,525 visitors, run up by Indian cricket enthusiast following their team here. “The good […]