Category:
Tough Luck
The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator.The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator. Okanda Finance and Okanda Investments had […]
Changing Tracks
Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year.Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year. Under earlier terms, about eight suppliers would sell […]
Diplomatic moves to extend supplier credit to tide over external shocks and stabilise a nervy rupee
Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said.Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said. […]
Subsidies feed up fat cats and not those that need it, says the International Labour Organisation.
Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO).Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO). A report published by the ILO […]
Short Affair
SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo.SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo. Around 61,000 passengers transit through Bandaranaike International Airport each month, but SriLankan expects only […]
Rate Card
Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. On […]
The Tourist Board acquires land to tempt foreign businessman to invest.
The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling.The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling. The ‘Land Bank’ project mooted last year has identified possible tourism development […]
Inflated Fertility
A 29-year-old Sri Lankan woman Wednesday gave birth to three girls and two boys in the island’s first recorded quintuplet delivery, hospital officials here said.A 29-year-old Sri Lankan woman Wednesday gave birth to three girls and two boys in the island’s first recorded quintuplet delivery, hospital officials here said. The unemployed woman, Chamila Weerasekara, and […]
Packaged PC
Taking international brand names head on, PC House is expanding its Panora range of desktop computers with high end hardware to support upcoming software applications.Already since the brand’s July launch, the company has secured a government tender for 4000 PCs, for use in secondary schools across the island. Managing Director S H M Rishan says […]
Check Mail
Sri Lanka Telecom (SLT) is drilling into the student populations to expand its internet and email service, with low cost accounts.Sri Lanka Telecom (SLT) is drilling into the student populations to expand its internet and email service, with low cost accounts. The telco giant says student demand for internet service was on the rise, with […]
Electronic Leash
SriLankan Cargo is offering a web based supply chain management solutions to cut costs and speed up the documentation process for its customers.SriLankan Cargo is offering a web based supply chain management solutions to cut costs and speed up the documentation process for its customers. The national carrier says e-HAWB (electronic House Air Way Bill), […]
Ageing Nicely
Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account.Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account. The revamped account offers it’s over 55 year […]