Category: Industry
Getting Close
Rich and poor nations were close to striking a historic deal on Saturday to slash billions of dollars in farm subsidies, create more open industrial markets and put troubled global commerce negotiations back on track.Rich and poor nations were close to striking a historic deal on Saturday to slash billions of dollars in farm subsidies, […]
Time Trap
The clock is ticking on a world trade negotiation deadline but the members of the World Trade Organisation are still at each other’s throats. The clock is ticking on a world trade negotiation deadline but the members of the World Trade Organisation are still at each other’s throats. On Thursday Australia, Brazil, the EU, India […]
Old Story
A recent study of Sri Lanka’s ageing population shows that the island is not prepared to look after its senior citizens.A recent study of Sri Lanka’s ageing population shows that the island is not prepared to look after its senior citizens. The UK based Overseas Development Institute (ODI) in a study earlier this year says […]
Early Bird
State run Bank of Ceylon is coming up with a 14+ savings account targeting the growing 14 to 18 year labour market and student population. State run Bank of Ceylon is coming up with a 14+ savings account targeting the growing 14 to 18 year labour market and student population. Kicking off in August, the […]
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 […]
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. […]
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 […]