Category: Industry
Unchanged Melody
Sri Lankans may be avid fans of Baywatch dubbed in Sinhala and Sex and the City on Sundays, but divorce and pre-marital sex are still a big no no.Sri Lankans may be avid fans of Baywatch dubbed in Sinhala and Sex and the City on Sundays, but divorce and pre-marital sex are still a big […]
Rising Sun
Sri Lanka has won three additional air frequencies to Japan, under the recently concluded ministerial meetings.Since Japan’s Narita airport is nearing capacity, the Japanese Aviation authorities have allowed three additional frequencies to Kansai Airport, Osaka (the industrial city of Japan), the Sri Lankan Foreign Ministry said Friday. Japanese arrivals last year were around 17,000 and […]
Giant Octopus
The UK’s top accounting heavyweights are in exploratory talks for a strategic consolidation, but management accountants would still need to get additional qualifications to sign off a company’s balance sheet.The UK’s top accounting heavyweights are in exploratory talks for a strategic consolidation, but management accountants would still need to get additional qualifications to sign off […]
Rolling Out
A Cabinet paper to clear India’s Telemetro Rail Corp., (TRC) to carry out a feasibility study on a proposed light transit rail is due before policy makers shortly. Western Region Development Ministry says its is working with the Highways Ministry and the Ministry of Transport to draft the Cabinet paper to clear TRC to carry […]
Clear Skies
SriLankan Airlines inked a collective bargaining pact with its cabin crew endings months of hard bargaining, which included a lightening strike in May.SriLankan Airlines inked a collective bargaining pact with its cabin crew endings months of hard bargaining, which included a lightening strike in May. The national carrier’s 650 strong unionised cabin crew, took just […]
Potty Project
Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its sewer lines.Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its […]
Deposited Trust
Commercial Bank of Ceylon has put aside Rs.25 mn to set up a social responsibility trust to foster community development projects islandwide.Sri Lanka’s most profitable privately held bank said it would contribute one percent of its post tax profits each year to feed the Trust. For the six months ending June 30, the Commercial Bank […]
Safe Pitch
Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank.Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank. With a ‘stable ratings outlook’, an AA- (sri) rating indicates low credit risk and a strong capacity to honour financial […]
Double Celebration
Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump last year.Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump […]
Watershed
In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . The compromise is […]
Rural Reach
Telco experts from the Commonwealth say more rural initiatives are needed to bridge the digital and economic divide with urban neighbourhoods.Telco experts from the Commonwealth say more rural initiatives are needed to bridge the digital and economic divide with urban neighbourhoods. Telco experts from the Commonwealth say more rural initiatives are needed to bridge the […]
Wiring Sri Lanka
The World Bank late Tue approved US$ 53 mn to roll out the e-Sri Lanka project, which aims to bridge the digital divide in Sri Lanka.The World Bank late Tue approved US$ 53 mn to roll out the e-Sri Lanka project, which aims to bridge the digital divide in Sri Lanka. Rolled out through the […]