Category: Industry
Hotting Up
Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said.Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said. “Prices will definitely go up by at least five percent in October. […]
Bad Call
Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs.2 billion in profits for the first half of 2004.Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs. 2 billion in profits for the first half of 2004. Sumathipala also expects a Rs. 4 billion […]
Changing Guard
First Capital Group’s Chief Executive Ajith Devasurendra quit on Thursday, sparking off speculations that Singer (Sri Lanka) may pick up his stake.First Capital Group’s Chief Executive Ajith Devasurendra quit on Thursday, sparking off speculations that Singer (Sri Lanka) may pick up his stake. After nearly 20 years of successful partnership, Devasurendra said he is selling […]
Stiff Price
Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday.Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday. An election promise to […]
Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist traffic.
Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist traffic. Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist […]
‘s Pick
Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I.Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. […]
Services Branding
Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. The Japanese auto corporation’s Chairman and Chief Executive Osamu Suziki dropped in for […]
Captain’s Pick
Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I.Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. […]
In Transition
The state-owned power monopoly is evaluating a proposal by NatWealth Corp.to help restructure nearly Rs. 20.0 bn of its debts. The state-owned power monopoly is evaluating a proposal by NatWealth Corp. to help restructure nearly Rs. 20.0 bn of its debts. The long-term debt stock, carries varying rates of interest between 10 percent to 13 […]
Gas Refill
Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer Affairs Authority.Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer […]
Little Treats
An exclusive lifestyle spa where guests can escape and relieve the stresses of day-to-day life through exercise, relaxation and treatment opened in Colombo last week.An exclusive lifestyle spa where guests can escape and relieve the stresses of day-to-day life through exercise, relaxation and treatment opened in Colombo last week. Nestling in a lush garden, the […]
‘s Welcombe Hotel management for a short stint
The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Welcombe (named after the […]