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Tourist arrivals are up 11%, while the average spending by visitors has also risen to US$ 70 a day
Tourist arrivals are up 11 percent so far this year while the average spending by visitors has also risen to US$ 70 a day from US$ 64.Tourist arrivals are up 11 percent so far this year while the average spending by visitors has also risen to US$ 70 a day from US$ 64. The industry […]
Who Cares?
Private sector doesn’t pay enough attention to their customers according to findings of a study by two local NGO’s. The study says private sector gets customer feedback but is slow to act on it and improve the quality of products and services.Government organizations were also criticized for paying little attention to quality of service due […]
Revenge of the Pharaohs
Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva.Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva. Mr. Lankadeva […]
Govt. prepares new poverty reduction strategy paper
The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year.The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year. The Finance […]
Twin Attacks
Sri Lanka is planning to ban the import of two-stroke engine vehicles widely used here in a bid to reduce pollution, the transport secretary said.Sri Lanka is planning to ban the import of two-stroke engine vehicles widely used here in a bid to reduce pollution, the transport secretary said. The move would largely affect the […]
Rough Ride
The Government put another road block before vehicle imports, with the Central Bank Friday raising the bar on obtaining Letters of Credit (LCs). The Government put another road block before vehicle imports, with the Central Bank Friday raising the bar on obtaining Letters of Credit (LCs). The directive, effective immediately, will require importers to post […]
Clothing Colony
The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment driver this year. The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment […]
Between Lines
Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday.Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday. Stockbrokers LOLC Securities have […]
Post Paid
Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery.Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery. A midnight […]
Inventing Impasse
From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power.From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power. “Most of our local […]
Playing Safe
Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy to hedge its crude imports, Treasury Secretary said.Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy […]
Coming Soon
Loss making state entities face the axe under a revised mandate for the Public Enterprises Reform Commission (PERC), now in the last stages of finalisation. Loss making state entities face the axe under a revised mandate for the Public Enterprises Reform Commission (PERC), now in the last stages of finalisation. Strategic Enterprises Reform Commission (SEMA) […]