Category:
Potty Project
Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its sewer lines.Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its […]
USAID puts down US$ 30,000 to help Ampara community
The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in conflict-prone communities.The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in […]
Double Celebration
Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump last year.Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump […]
Safe Pitch
Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank.Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank. With a ‘stable ratings outlook’, an AA- (sri) rating indicates low credit risk and a strong capacity to honour financial […]
Extreme weather continue to beat at high and mid grown tea production
Extreme weather conditions continue to beat at high and mid grown tea production, with the sectors output dropping 10.27 percent since August 2003. Extreme weather conditions continue to beat at high and mid grown tea production, with the sectors output dropping 10.27 percent since August 2003. Asia Siyaka Commodity Brokers reported that the high and […]
Offshore Cover
British insurance giant Aviva will send up to 950 more jobs to India and Sri Lanka in 2005, out sourcing its back office and other support functions.British insurance giant Aviva will send up to 950 more jobs to India and Sri Lanka in 2005, out sourcing its back office and other support functions. The jobs […]
Internet Banking
The World Bank agrees to support the E-Sri Lanka programme, to bridge the island’s digital divide, with a US$ 53 mn credit package.The World Bank agrees to support the E-Sri Lanka programme, to bridge the island’s digital divide, with a US$ 53 mn credit package. The World Bank on Tuesday approved a US mn credit […]
Wiring Sri Lanka
The World Bank late Tue approved US$ 53 mn to roll out the e-Sri Lanka project, which aims to bridge the digital divide in Sri Lanka.The World Bank late Tue approved US$ 53 mn to roll out the e-Sri Lanka project, which aims to bridge the digital divide in Sri Lanka. Rolled out through the […]
Rural Reach
Telco experts from the Commonwealth say more rural initiatives are needed to bridge the digital and economic divide with urban neighbourhoods.Telco experts from the Commonwealth say more rural initiatives are needed to bridge the digital and economic divide with urban neighbourhoods. Telco experts from the Commonwealth say more rural initiatives are needed to bridge the […]
Watershed
In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . The compromise is […]
ADB keeps Lanka’s growth figures intact, but says oil shocks and erratic weather patterns is fanning inflation
The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and erratic weather conditions is fanning inflation in the South Asian region. The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and […]
Central Bank mulls guidelines for primary dealers on how they should present their financial statements
The Central Bank’s Public Debt Dept., is contemplating issuing guidelines to primary dealers on how they should present their financial statements. The Central Bank’s Public Debt Dept., is contemplating issuing guidelines to primary dealers on how they should present their financial statements. Primary dealers’ who are the market makers for government debt, currently have to […]