Category: Industry
Air Pocket
The government is to re-tender for private investors to manage Sri Lankas Air traffic, after discussions with tech giant Lockheed Martin, fell through.The company had already made a preliminary bid last year, to manage Sri Lankas upper airspace, with negotiations on its way to a firm commitment.rn rnBut a top-level government policy decision pulled the […]
Spare Shop
In an industry with annual billings of over Rs. 300 mn, TVS Lanka wants to drive out the market for fake motor vehicle spare parts.rnThe spare parts industry grows at an annual rate of 20 per cent, while fake parts sales account for an estimated 40 per cent of the market.rn rnIncreasing awareness and an […]
Managing Space
SriLankan Airlines Cargo Centre handled a record 12,078 metric tonnes or 12 mn kilos of freight in March 2003, the highest ever throughput in its history.The previous highest was in November 2000, where the Cargo Centre handled 12,024 metric tonnes. rn rnBased at the Bandaranaike International Airport, the Cargo Centre handles all import, export and […]
SLT Is Ready
The telecom watchdog is about to rubber stamp a long overdue tariff rise for Sri Lanka Telecom (SLT), while also reviewing its tariffs for submarine cables.The Telecommunications Regulatory Commission (TRC), is seeking a consultant to re-look at the pricing structure on the SEA-ME-WE submarine cables to allow cheaper access to other operators.rn rnSLT enjoys access […]
Seaview
Ceylinco Homes International, which managed to sell its Hyde Park Apartment complex in record speed plans to add another landmark to the Colombo skyline.The company plans to put up another luxury apartment block down Galle Road. rn rnThe new venture will be one of the largest, undertaken by the company. rn rnldblquote We are planning […]
INTRAD
The National Chamber of Commerce is organizing an infrastructure trade fair in September, which it hopes will help in the formulation of government policy.INTRAD 2003 hope to attract top government investment and infrastructure agencies and companies in infrastructure development.rn rnThe Chamber says the exhibition will offer a great platform for policy makers and donors to […]
Bodybuilding
Laws to give banks and finance companies more muscle to tackle bad debts have got regulatory approval and are before the Legal Draftsmen.Under the Amendments to the Debt Recovery Laws, finance companies registered with the Central Bank will be given similar parate rights as banks.rn rnParate Laws allow banks to auction properties mortgaged against loans […]
New Alliance
A new entrant to the primary market in Government securities wants to make investments in Government debt more attractive to retail investors.Capital Alliance, which got a Central Bank license as a Primary Dealer recently, plans to put out innovative products to allow investors to get over problems of high minimum investments in Government Debt.rn rnldblquote […]
TATA Push
Tata Automobiles of India, which launched a large selection of its vehicles to the local market, has found ready buyers among the countrys parliamentarians and police force.The company, which has managed to sell a large number of its SUVs to parliamentarians under an Indian credit line has also got an order from the police force […]
Buying Space
The telecom regulator is awaiting Ministry approval to allocate two frequency slots in the 1800 MHz range, of three put up for sale. Telecommunications Regulatory Commission (TRC) Director General, Themia Hurulle on Wednesday said that the documentation for the allocations would be presented to the Secretary to the Ministry of Mass Communication during the week.rn […]
Roll Out
Legislature to roll out the e-Sri Lanka initiative is to be debated in Parliament on May 22. Economic Reforms, Science and Technology Minister Milinda Moragoda told participants at the first e-government conference on Friday that the ICT Bill was approved by Cabinet recently and would be debated in Parliament shortly.rn rnThe bill will formalise the […]
Building a Case
The construction professionals are calling for a national policy to guide the industry and ensure its sustainability.The Chamber of Construction Industry on Thursday said ad hoc and outdated policies were hampering growth and wasting scares natural and human resources.rn rnPresident of the Chamber Surath Wickramasinghe said clear state policies on resource (like rive sand) use […]