Category: Industry
Facilities Base
Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to disseminate ICT awareness in underserved communities.Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to […]
Play Fair
Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. The two wireless local loop operators Suntel and Lanka Bell claim to have already connected […]
Give as I Command
Lanka’s top bureaucrat has told aid donors to coordinate their lending despite Sri Lanka not having a poverty reduction strategy that allows the state to spend donor money where it wants.Lanka’s top bureaucrat has told aid donors to coordinate their lending despite Sri Lanka not having a poverty reduction strategy that allows the state to […]
Growing Sideways
Sri Lanka’s Lanka Orix Leasing Co Ltd is looking at regional expansions and a possibility of getting into commercial banking, as it moves into the next phase of its growth cycle.Sri Lanka’s Lanka Orix Leasing Co Ltd is looking at regional expansions and a possibility of getting into commercial banking, as it moves into the […]
Spring Cleaning
South Asian bankers kicked off a meeting in Colombo on Monday to draw up a roadmap to reconstitute an existing development fund to be on the lines of a regional lending body.South Asian bankers kicked off a meeting in Colombo on Monday to draw up a roadmap to reconstitute an existing development fund to be […]
Time to Tax
Sri Lanka needs to operate at its full tax revenue potential to break away from donor clutches and implement its own polices.Sri Lanka needs to operate at its full tax revenue potential to break away from donor clutches and implement its own polices. Treasury Secretary says tax collections at present are nowhere near their potential. […]
Paradox in Paradise
One out of three children under the age of five in Sri Lanka underweight despite impressive social indicators.One out of three children under the age of five in Sri Lanka underweight despite impressive social indicators. “With nearly one out of three children aged five or under being underweight, Sri Lanka has unusually high rates of […]
Hidden Agenda?
A Saudi Arabian investor has sought permission to raise his stakes in Commercial Bank of Ceylon, as key shareholders try to oust the bank’s present Chairman.A Saudi Arabian investor has sought permission to raise his stakes in Commercial Bank of Ceylon, as key shareholders try to oust the bank’s present Chairman. Saudi Arabia’s Euro Gulf […]
State departments have 4 weeks to clear a project, or else….
Line agencies have been given four to six weeks to speed up clearances for tourism development projects, in a Cabinet decision passed on Wednesday. Line agencies have been given four to six weeks to speed up clearances for tourism development projects, in a Cabinet decision passed on Wednesday. All ministries and departments have a maximum […]
New owners for former colonial homes
Tropical Pleasure (Pvt) Ltd., a unit of the boutique hotel Elephant Corridor, will splash Rs.350 million to expand into a hotel school and buy up aristocratic homes to house discerning travelers.Tropical Pleasure (Pvt) Ltd., a unit of the boutique hotel Elephant Corridor, will splash Rs. 350 million to expand into a hotel school and buy […]
Crowded Booth
Industry watchers say up to ten fixed line phone operators could be battling it out for a piece of Sri Lankan telecom market by 2006.Industry watchers say up to ten fixed line phone operators could be battling it out for a piece of Sri Lankan telecom market by 2006. In addition to Suntel, Lanka Bell […]
Change or Die
Chronic diseases are giving heart attacks to low and middle income economies like Sri Lanka, says the World Health Organisation(WHO).Chronic diseases are giving heart attacks to low and middle income economies like Sri Lanka, says the World Health Organisation(WHO). Chronic diseases are the leading cause of death in the world and the death toll is […]