Category:
Life Extension
Officials say the Excite Freedom would last two times longer and require only one battery water refill a year.rn rnThe battery now being imported from India, will eventually be produced locally to cater to the luxury vehicle market. rn rnDirector Motor and Battery Directorate, Sheran Fernando said the battery was ideally suited for Sri Lankan […]
Freeing IDD
Ratification of the Telecom Draft policy is also expected in August, officials close to the ruling coalition said.rn rnEarlier this year, the Telecommunications Regulatory Commission (TRC) announced plans to issue international voice licences. rn rnA number of companies were reported to have expressed interest including the wireless local loop operators (Suntel and Lankabell) and other […]
Restoring Jaffna
rnSri Lanka quote s top trade chamber, the Ceylon Chamber of Commerce, has identified three priority areas for development by the private sector, on a commercial scale. rn rnThese include low cost housing, repair and rehabilitation of road networks as well as construction and operation of up to three star level hotels and tourist facilities.rn […]
Home Banking
Marking their first year in operations, Ceylinco Savings Bank commenced a home banking unit.
Choppy Ride
The 0.1 percent tax will be slapped on travellers cheques, certificates of deposits and current account balances over Rs. 10,000. rnrnBut the Bankers Association warned of teething problems, as its members had to change their software to accommodate the changes. rnrnldblquote It will not be a smooth change over from day one, dblquote warns the […]
Changing Watchdogs
The ex-state minister is tipped to re-ignite the lost spark of the TRC. rnrnMeanwhile, Somasiri would be retined as a consultant on telecom reforms.
Slower Pick Up
The bank said the deficit for the first quarter shrank 18.5 percent to US$ 277 mn from US$ 340 mn recorded in the same period 2001. rnrnExport earnings for the quarter slipped 15.2 percent to US$ 1,080 mn compared with US$ 1,274 mn in 2001. rnrnImport expenditure dropped by 15.9 percent to US$ 1,358 mn […]
Rising Prices
Increasing food prices pushed the Colombo District Consumer Price Index up by 6.5 per cent (point to point) to 137.9 from 137.1 in April.
Crossroads
Opening the two-day parley, Central Bank Governor Amarananda Somasiri Jayawardena said the 27-year old clearing system is at the cross road and its eight member countries need to map out an action plan chart its course, to keep in line with global developments. rn”We have to decide what we are going to do in the […]
Trinco Grand Prix
The developers of Sri Lanka quote s first purpose built racetrack Speed Lanka (Pvt) Limited aspire to build a Formula One track in Trincomale around 2008.rn rnCompany officials are betting on the success of the purpose built track at Pannala, which will be developed to Formula Three standards by 2004, and the invitation by Premier […]
Quality Control
The Joint Airworthiness Requirement endash 145 (JAR endash 145) will make SriLankan Airlines an Approved Maintenance Organisation.rn rnThe certification issued by the Joint Aviation Authority will enable SriLankan Airlines to market its lquote C quote Checks or heavy maintenance checks to other commercial airlines. rn rnC Checks is a routine heavy maintenance checks on Airbus […]
Air Jaffna
Expo Aviation (Pvt) Ltd., is pending Civilian Aviantion Department (CDA) approval this week to carry 87 passengers to Jaffna everyday on its Russian-built, IL-18 aircraft.rn rnldblquote A Proving Flight was scheduled for today, but had to be postponed as figher fighting facilities were not available at Jaffne. A Fire Fighting truck has been despatched from […]