Category: Industry
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 […]
Pyramid Protection
Central Bank has asked the Consumer Affairs Ministry to explore how it can use the Consumer Protection Authority Law to protect consumers from mushrooming network marketing pyramid scams.Central Bank has asked the Consumer Affairs Ministry to explore how it can use the Consumer Protection Authority Law to protect consumers from mushrooming network marketing pyramid scams. […]
Shore Leave
ASEAN region’s Shippers will anchor in Singapore this September to thrash out their concerns – toping the list is the disputed Terminal Handling Change (THC). ASEAN region’s Shippers will anchor in Singapore this September to thrash out their concerns – toping the list is the disputed Terminal Handling Change (THC). The Sri Lanka Shippers Association […]
Jetwing Group takesover Trinco’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 […]
Flight Schedule
A US mission is due in August, exploring financing opportunities in civil aviation, after state requests to look at plans for a second runway and upgrade domestic airports.A US mission is due in August, exploring financing opportunities in civil aviation, after state requests to look at plans for a second runway and upgrade domestic airports. […]
Standard Practice
Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. He said that unlimited amounts of subsidies were not […]
Eating Words
Ending months of denial and suspense, the government raised petrol prices by Rs. 8.00 with effect from midnight Friday Ending months of denial and suspense, the government raised petrol prices by Rs.8.00 with effect from midnight Friday Petrol at the pump would now cost Rs.65.00 per litre. But the government shot down a suggestion by […]
Biscuit Treat
The corporate sector took a whacking, as state educationists say they need more than the right noises and more private sector involvement to provide services in rural schools.The corporate sector took a whacking, as state educationists say they need more than the right noises and more private sector involvement to provide services in rural schools. […]
Troubled Oil
State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers to absorb the shock.State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers […]