Category: Industry
Perfect Pitch
The Hayleys Group plans to acquire a few more ships in the coming months as it sees opportunities to expand its transport unit.The Hayleys Group plans to acquire a few more ships in the coming months as it sees opportunities to expand its transport unit. Hayleys, one of Sri Lanka’s largest conglomerates, has interests in […]
Prime Cut
Commercial Bank of Ceylon has raised US$ 35 mn through a syndicated loan arranged by Standard Chartered Bank Colombo at slightly lower rate than the Sri Lankan government.Commercial Bank of Ceylon has raised US$ 35 mn through a syndicated loan arranged by Standard Chartered Bank Colombo at slightly lower rate than the Sri Lankan government. […]
Building Trust
Edirisinghe Trust Investments an EAP Group company relaunched its services Wednesday, venturing into the leasing business.Edirisinghe Trust Investments an EAP Group company relaunched its services Wednesday, venturing into the leasing business. ETI, a strong player in the pawning business for over 35 years, said its leasing business was only the beginning of its stride into […]
Running Dry
The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to bridge a 20-mn gallon a day shortfall to Greater Colombo.The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to […]
Great Expectations
Finance Minister Dr. Sarath Amunugama said Tuesday that the public sector would be ‘expanded’ as needed, to take up 41,000 unemployed graduates who were promised jobs.Finance Minister Dr. Sarath Amunugama said Tuesday that the public sector would be ‘expanded’ as needed, to take up 41,000 unemployed graduates who were promised jobs. The state is dishing […]
Asking Price
SriLankan Airlines says it will need a fuel surcharge of about US$ 5 on a one-way ticket if it is to cover fuel costs soaring through the roof. SriLankan Airlines says it will need a fuel surcharge of about US$ 5 on a one-way ticket if it is to cover fuel costs soaring through the […]
Shadow Boxing
The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board.The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board. But the recent Cabinet decision only gives the Commission a […]
Floating Options
The Land Reclamation Department will float a joint venture with Canada’s Info Consultants to raise money to develop the local canal network.The Land Reclamation Department will float a joint venture with Canada’s Info Consultants to raise money to develop the local canal network. The Canadian consultancy firm recently completed a feasibility study and technical evaluation […]
Shorthanded
A lack of formal training and a piece of paper to prove it is keeping a part of Sri Lanka’s unemployed from finding work abroad. A lack of formal training and a piece of paper to prove it is keeping a part of Sri Lanka’s unemployed from finding work abroad. “We have not been able […]
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 […]