Category: Industry
Pay Or Else..
The Central Bank has opened a special bank account for Pramuka Bank’s customers to repay their loans, and issued a tough warning to willful defaulters. The Central Bank has opened a special bank account for Pramuka Bank’s customers to repay their loans, and issued a tough warning to willful defaulters. Process to liquidate Pramuka Savings […]
Gassed Up
Shell Gas may have to jack up prices by as much as Rs.100 a cylinder come September, as it battles a price build up that’s straining its bottom-line.Shell Gas may have to jack up prices by as much as Rs. 100 a cylinder come September, as it battles a price build up that’s straining its […]
Funky Tunes
Sri Lanka Telecom’s net profits fell just short of the two billion rupee mark, but operating cost continued to surge, despite undergoing a hefty early retirement scheme.Sri Lanka Telecom’s net profits fell just short of the two billion rupee mark, but operating cost continued to surge, despite undergoing a hefty early retirement scheme. The dominant […]
Up Time
Sri Lanka Telecom on Thursday confirmed it has secured enough bandwidth to fully restore its internet services by one in the morning.Sri Lanka Telecom on Thursday confirmed it has secured enough bandwidth to fully restore its internet services by one in the morning. The telco giant negotiated for bandwidth from regional internet service providers and […]
Ship Building
Cabinet cleared an Asian Development Bank (ADB) sponsored master plan to develop Sri Lanka’s ports sector.The Shipping Minister Mangala Samaraweera told Lanka Business Online on Thursday that the Cabinet of Ministers had approved the port master plan, that details development areas and priority infrastructure requirements to meet growing and potential demand. In addition, Samaraweera says […]
Bus Fair
An islandwide bus strike on Monday was averted when the government agreed to a 50 cents increase in bus fares from 1st September.An islandwide bus strike on Monday was averted when the government agreed to a 50 cents increase in bus fares from 1st September. “We were told we can increase bus fares by 50 […]
One Up
Ports Minister Mangala Samaraweera Thursday revoked a ban imposed this week on three-wheeler taxis at Sri Lanka’s only international airport, arguing they were needed by the poor.Ports Minister Mangala Samaraweera Thursday revoked a ban imposed this week on three-wheeler taxis at Sri Lanka’s only international airport, arguing they were needed by the poor. Samaraweera said […]
Kind Words
Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting.Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting. Saudi Arabia has been a long standing friend, says Finance Minister Dr.Sarath Amunugama and they have promised to ‘put in […]
Short Circuit
Cabinet Spokesperson Mangala Samaraweera said Thursday that Cabinet approval for an electricity tariff hike was deferred, after no agreement was reached on how much.Cabinet Spokesperson Mangala Samaraweera said Thursday that Cabinet approval for an electricity tariff hike was deferred, after no agreement was reached on how much. “Cabinet didn’t want tariffs for the first 90 […]
Radar Test
A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port.A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port. The study […]
Hot Rod
A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. The proposed wage […]
Rerouting
Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main international link was damaged last Friday.Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main […]