Category: Industry
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 […]
Oil Strike
Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead with plans to sell off petroleum assets to India’s Bharat petroleum. Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead […]
JKH puts all its hotels under on company, Keells Hotels Ltd
Conglomerate John Keells Holdings has put all its hotels under one unit – Keells Hotels Ltd – which will be listed on the Colombo Stock Exchange Conglomerate John Keells Holdings has put all its hotels under one unit – Keells Hotels Ltd – which will be listed on the Colombo Stock Exchange A 100 percent […]
Chill Out
Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes.Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes. A proposal to set up an Rs 30 mn fund to finance […]
Mighty Force
Deutsche Bank on Wednesday inked a strategic alliance with Hatton National Bank to offer corporate finance services in Sri Lanka. The move is similar to a model adopted by Deutsche in India, where they team up with domestic banks to provide services to mid and upper companies, explains R Theagarajah, Senior Deputy General Manager HNB.rn […]
Tech On Wheels
A blue and green IT exhibition on wheels hit the roads of Colombo on Wednesday on its way to introduce information technology to rural Sri Lanka. A blue and green IT exhibition on wheels hit the roads of Colombo on Wednesday on its way to introduce information technology to rural Sri Lanka. “The idea is […]
Mobile Chat
Payphone operator Tritel, has launched a mobile telecom booth facility to provide IDD and local call facilities to rural folks. Payphone operator Tritel, has launched a mobile telecom booth facility to provide IDD and local call facilities to rural folks. Initially seven Tritel tricycles, each worth about Rs. 125,000, will roam rural hamlets off Anuradhapura, […]
Powder Puff
The US embassy in Sri Lanka was shut indefinitely Tuesday due to a “security threat” after a letter containing a suspect substance was received, diplomatic sources said.The US embassy in Sri Lanka was shut indefinitely Tuesday due to a “security threat” after a letter containing a suspect substance was received, diplomatic sources said. Staff were […]
Auto Pilot
SriLankan Airlines have been asked to hold airfares steady, even as domestic airlines hike prices to Jaffna to cover the soaring cost of fuel.SriLankan Airlines have been asked to hold airfares steady, even as domestic airlines hike prices to Jaffna to cover the soaring cost of fuel. The three domestic operators Lion Air, Expo Aviation […]