Category: Industry
Baby Boom
More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF.More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF. Families in the East coast that lost their children to the tsunami in December last year, are trying […]
Land Sale
The Trade Ministry says NDB Stockbrokers and NDB Investment Bank would be given the task of selling prime Union Place land belonging to Co-operative Wholesale Establishment, on the stock exchange early next year. The Trade Ministry says NDB Stockbrokers and NDB Investment Bank would be given the task of selling prime Union Place land belonging […]
At Sea
A long overdue project to modernize hydrographic maps of the sea around Sri Lanka has been bogged down for more than a year, after the research ship used in the venture was caught and destroyed in the December 26th tsunami.A long overdue project to modernize hydrographic maps of the sea around Sri Lanka has been […]
Pent Dreams
Sri Lanka’s John Keells Holdings said Thursday, it plans to construct a US$ 40 million luxury condominium within its existing Crescat City property, a top official said.Built through its subsidiary, Asian Hotels (Pvt) Ltd, the 35-storey tower will come up on a vacant 12 acre property adjoining the group’s city five-star, the Cinnamon Grand. Named […]
Newlyweds
Dialog Telekom, a unit of Telekom Malaysia, said Tuesday it had concluded a deal to buy backbone operator MTT Networks for US$ 19.2 million. Dialog Telekom, a unit of Telekom Malaysia, said Tuesday it had concluded a deal to buy backbone operator MTT Networks for US$ 19.2 million. Presently the island’s largest private communication backbone […]
Coming Clean
PERALIYA, Sri Lanka, Dec 26 (AFP) – Sri Lanka Monday admitted it had failed to deliver aid effectively to a million tsunami survivors as it paid emotional tribute to the victims of last year’s catastrophe. PERALIYA, Sri Lanka, Dec 26 (AFP) – Sri Lanka Monday admitted it had failed to deliver aid effectively to a […]
Ham Disaster
On the eve of the first anniversary of the Indian Ocean tsunami, Sri Lanka’s radio amateurs are still struggling to clear emergency communications sets sent almost one year ago, despite the intervention of the country’s newly elected President.On the eve of the first anniversary of the Indian Ocean tsunami, Sri Lanka’s radio amateurs are still […]
Sri Lanka woos high rollers as tsunami takes away tourists
RATGAMA, Sri Lanka, Dec 24 (AFP) – Sri Lanka’s tourism industry is struggling as earnings slumped following the tsunami, but a year after massive death and destruction an upmarket boutique hotel hopes to spearhead a revival.RATGAMA, Sri Lanka, Dec 24 (AFP) – Sri Lanka’s tourism industry is struggling as earnings slumped following the tsunami, but […]
Marketing Mix
The advertising industry will abandon the 18 year old SLIM awards for one of its own, with greater emphasis on creativity.The advertising industry will abandon the 18 year old SLIM awards for one of its own, with greater emphasis on creativity. SLIM Chance SLIM Awards chief Louie Dias told LBO on Thursday that the […]
Softly Softly
Sri Lankan travel agents, dentists and sea farers offer their services in India but rest of the professional services fighting shy of Indian competition.Sri Lankan travel agents, dentists and sea farers offer their services in India but rest of the professional services fighting shy of Indian competition. Sri Lanka and India are trying to formally […]
Scouts Honour
Sri Lanka’s President Mahinda Rajapakse Wednesday promised to honour US$ 71 million due to Indian Oil Corp., after its local unit lamented that unpaid bills will drive it to technical insolvency. Sri Lanka’s President Mahinda Rajapakse Wednesday promised to honour US$ 71 million due to Indian Oil Corp., after its local unit lamented that unpaid […]
Wake Up Call
Sri Lanka’s central bank unexpectedly raised key short-term interest rates Thursday in a bid to rein in a possible surge in inflation from new government spending next year. Sri Lanka’s central bank unexpectedly raised key short-term interest rates Thursday in a bid to rein in a possible surge in inflation from new government spending next […]