Category: Industry
Tough Luck
The special labour-rights based duty cuts for Sri Lankan exports into the European Union will hold until end 2005, but renewal of concessions will be much harder. The special labour-rights based duty cuts for Sri Lankan exports into the European Union will hold until end 2005, but renewal of concessions will be much harder. According […]
Cloak & Dagger
Electricity tariffs will go up by about seven percent from November 1, with no price change for domestic users who fall under the 90 unit band.Electricity tariffs will go up by about seven percent from November 1, with no price change for domestic users who fall under the 90 unit band. The Ceylon Electricity Board […]
Call Back
Cellular operator Celltel Lanka’s mobile service in Colombo was fully restored by late Wednesday afternoon after a software glitch knocked off part of its service to the city.Cellular operator Celltel Lanka’s mobile service in Colombo was fully restored by late Wednesday afternoon after a software glitch knocked off part of its service to the city. […]
Off Peak
Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful.Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful. The software upgrade, expected to help enhance Celtell’s services, was […]
Convict Exchange
Sri Lanka and Lebanon are in talks for a prisoner swap so that the convicted of both countries can be tried on home ground. Sri Lanka and Lebanon are in talks for a prisoner swap so that the convicted of both countries can be tried on home ground. As at right now, there are no […]
Taking Responsibility
The Ceylon Chamber of Commerce (CCC) says local business need to practice Corporate Social Responsibility (CSR) as a common work place tool.The Ceylon Chamber of Commerce (CCC) says local business need to practice Corporate Social Responsibility (CSR) as a common work place tool. The Chamber says it will take up the topic at its fifth […]
Service Charge
The Inland Revenue says a new tax – the Economic Service Charge (ESC) – will be enforced on companies from next week.The Inland Revenue says a new tax – the Economic Service Charge (ESC) – will be enforced on companies from next week. “We will advertise for companies to pay next week,” said Commissioner of […]
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 […]