Category:
Boiling Point
A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in three slabs.A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in […]
Head Hunt
JobsNet, the national employment sourcing body, says it has 48,000 jobs and 83,000 job seekers, but brokering marriages between the two is easier said than done. JobsNet, the national employment sourcing body, says it has 48,000 jobs and 83,000 job seekers, but brokering marriages between the two is easier said than done. “We have 15,000 […]
Lap Dance
ICM Worldwide with support from global chipmaker Intel, will begin commercial assembly of laptops here to meet local demand for mobile computing. ICM Worldwide with support from global chipmaker Intel, will begin commercial assembly of laptops here to meet local demand for mobile computing. The laptop’s design and specifications, on par with big brands will […]
Swedish Aid
The Swedish Government pitched in with a US$ 20 mn loan on Friday to light up villages, as well as small and medium industries in rural Sri Lanka.The Swedish Government pitched in with a US$ 20 mn loan on Friday to light up villages, as well as small and medium industries in rural Sri Lanka. […]
WTO agrees to look at adjustment costs when quotas are gone
Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone.Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone. The WTO’s Goods and Services Council agreed this […]
Sri Lankan pepper no threat to Indian pepper
Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka.Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka. “The Indian trade delegation from Delhi that was here in August were […]
Limited Edition
The Central Bank has resumed sales for commemorative gold and silver coins from Friday after a temporary halt following an upsurge in world market prices. The Central Bank has resumed sales for commemorative gold and silver coins from Friday after a temporary halt following an upsurge in world market prices. Speculators were minting on the […]
Tax Fix
The ESC tax bomb could land on your doorstep next week but if you ignore it, you’re in for bigger damages. The ESC tax bomb could land on your doorstep next week but if you ignore it, you’re in for bigger damages. The Inland Revenue Dept is targeting Rs 1.5 bn this year from the […]
By Mail
Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. The Dept., with a Rs. 465 million loss last […]
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. […]