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Calling For Change
Federation of Asia Pacific Air Cargo Association (FAPPA) Chairman, Diren Hallock addressing the executive council meeting yesterday said that the only International airport in an export driven economy was a strategic policy tool and hence needed to be developed more rapidly.rn rnSome of the proposed improvements include a dedicated Apron, Airside Terminal concessionary parking rates, […]
Weathering the storm
rnThe award was presented by the parent company Emirates, at the airline quote s annual Reservations Conference in Dubai, in May this year.rn rnThe award recognizes the efforts of the Emirates Colombo station following the July 24 attack on the Bandaranaike International Airport and the events of September 11 in USA. rn rn”The second half […]
Moving On
The Central Bank cut its key short-term discount rate by lowering the overnight reverse repurchase rate (reverse repo) by ten basis points to 13.75 percent this morning.The announcement is in line with the bank quote s new policy of making regular changes to its key discount rates, to make it more responsive to market developments, […]
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 […]