Category: Other

As the drought, dubbed as the worst in the last fifty years, drained the hydro reservoirs making it hard for the electricity utility to meet peak consumer demand, the government stepped in saying it would pump in Rs. 3 billion to secure emergency power to shore up the national power grid.Water inflows to the hydro […]

Last year alone, severe drought and floods hit the Southern Sri Lanka alternatively leaving many families homeless and poor.rnBut for the villages in the Hambantota district these conditions are a part of their lives.rnThe district has to also deal with issues like economic migration, malnutrition, unemployment and diseases, a direct result of the arid weather.rn […]

Politicians of all hues and sizes have thrown their hat into the ring for next months snap poll. But smaller parties championing the Sinhala Buddhist, Tamil and Muslim votes are jostling to play the trump card in Sri Lankas next parliament. rnrn Inrnthe second in a series of political updates, Vajira Premawardhana ManagerrnResearch at Lanka […]

With court room and board room battles firmly behind, the diversified Richard Pieris Group made it to the news this week to pick up two plantation companies. The acquisition is the latest, after picking up Sathosa and getting a tentative foot into financial sector through Pramuka Bank.Its been a while since the once family controlled […]

The Power Ministry is calling upon the Sri Lankan public to collect merit for their after-life by saving power, while industrialists with generators will also get cash into the bargain, if they use their own power.The Ceylon Electricity Board, Sri Lankas power utility which runs into power shortages every few years, is now trying to […]

The ambitious new regulations on food labelling and advertising could turn out to be an April fools joke, as the trade pushes to delay its implementation, while the Health Ministry pussyfoots the issue. The regulations, due to come into force on April 1, sets out new legal standards for the labelling and advertising of food […]

Local media is full of questionable advertising aimed at kids, something stakeholders are not paying enough attention to.Companies spend billions of rupees to market products to children whose spending power is on the rise.rn rnHowever, the ad industry has also been grappling with the ethical implications of advertising to kids who experts say cant make […]

Asiri Medical Services (AMS), contributed almost Rs. 18 mn towards the Asiri Groups top line during its first month of operations and is expected to keep the money rolling in with increasing occupancy.AMS coming into the picture sorted out the hospitals parking problem endash with a seven-story car park endash and is expected to increase […]

Hayleys will delve deep into its traditional operations to increase profits in 2004-05 while pegging growth prospects on agriculture and transportation. The transport sector is earmarked as a key area of growth for the Hayleys Group with growth estimates of between 20 percent and 25 percent during the year.rn rnExpansion into shipping and the recent […]

Free trade zone employees, at the end of the supply chain are under increasing pressure to keep costs down as retailers and brand owners offload costs and risks to the supply chain. Governments competing to attract investment and boost exports according to the report is putting further pressure on workers at the bottom of the […]