Category: Industry
Called Off
Ceypetco unions said Wednesday that they would not disrupt fuel supplies on the assurance that any decision on a third petroleum player would be fully discussed.Ceypetco unions said Wednesday that they would not disrupt fuel supplies on the assurance that any decision on a third petroleum player would be fully discussed. At talks on Wednesday, […]
Brand Names
Computer giant HP is bridging the price gap with cloned computers, shifting from proprietor software to open source operating systems. Computer giant HP is bridging the price gap with cloned computers, shifting from proprietor software to open source operating systems. HP says it can offer prices as low as Rs.50,000 for a PC with its […]
Borrowed Feathers
The Chartered Institute of Management Accountants (CIMA) launched Sri Lanka’s first student loan scheme for professional education, as it takes strides to penetrate its reach further.The Chartered Institute of Management Accountants (CIMA) launched Sri Lanka’s first student loan scheme for professional education, as it takes strides to penetrate its reach further. CIMA students can now […]
Warning Signals
A day ahead of crucial talks with Ceypetco unions, government officials say that plans for a third player to foster competition will have to go ahead.A day ahead of crucial talks with Ceypetco unions, government officials say that plans for a third player to foster competition will have to go ahead. “We can enhance the […]
Holding Off
Crucial talks between Ceypetco unions and the President over plans for a third player in the retail petroleum sector was put off until Wednesday.Crucial talks between Ceypetco unions and the President over plans for a third player in the retail petroleum sector was put off until Wednesday. Unions suspended a lightning strike last week that […]
Gaining Steam
Shell Global, pitching for Liquefied Natural Gas (LNG) for Sri Lanka’s long-term fuel needs, met with local officials and a vocal coal lobby while in Colombo last week.Shell Global, pitching for Liquefied Natural Gas (LNG) for Sri Lanka’s long-term fuel needs, met with local officials and a vocal coal lobby while in Colombo last week. […]
Sea Bites
Sri Lanka Telecom (SLT) is on track to reap higher international call revenues through a routing agreement with India’s Bharat Sanchar Nigam Ltd (BSNL).Sri Lanka Telecom (SLT) is on track to reap higher international call revenues through a routing agreement with India’s Bharat Sanchar Nigam Ltd (BSNL). SLT said Tuesday that it has entered into […]
Piece of Pie
The Ceylon Electricity Board is being unbundled into Strategic Business Units for six months, with top officials being appointed to head the units next week.The Ceylon Electricity Board is being unbundled into Strategic Business Units for six months, with top officials being appointed to head the units next week. “Next week, Chief Executive Officers of […]
Blowing in the Wind
The Ceylon Electricity Board (CEB) wants to build its own wind power plant after efforts to attract a private investor failed.The Ceylon Electricity Board (CEB) wants to build its own wind power plant after efforts to attract a private investor failed. The utility is planning a 30 MW wind plant in Kalpitiya in the Puttalam […]
Perfect Storm
Sri Lankan government upped prices for petrol and diesel on midnight Friday, as hundreds of motorist queued to top up following an islandwide strike by Ceypetco’s 5,000 strong workforce.Sri Lankan government upped prices for petrol and diesel on midnight Friday, as hundreds of motorist queued to top up following an islandwide strike by Ceypetco’s 5,000 […]
Maxed Out
Ceypetco unions suspended their lightening strike late Saturday following a Presidential assurance that petroleum assets will not be privatised before getting Cabinet approval. Minister K D Lal Kantha, who also heads the JVP’s Inter Company Union said that Finance Minister Dr.Sarath Amunugama had conveyed President Chandrika Kumaratunga’s assurance that the asset sale will not go […]
Dressing Up
The Public Enterprise Reform Commission says it is working on 30 state firms which will be restructured in the coming months.rnrn Among the rnhitlist are institutions like Shell Gas, Elkaduwa Plantations and Lanka Salt, rnwhich were previously earmarked for privatisation, PERC said in its website.rn However, Sri rnLanka Telecom is a notable absentee.rn Among the […]