Category: Industry
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 […]
Lets be Friends
Sri Lankan tax payers are fighting shy of official recognition as good tax payers. Sri Lankan tax payers are fighting shy of official recognition as good tax payers. In May this year the government offered to officially recognise ‘good tax payers’ to coax more taxes out of Sri Lanka’s unusually tax averse population. “We announced […]
Minimum Pay
Sri Lanka has imposed a minimum US$ 150 wage per month for foreign employment, with effect from October 01.Sri Lanka has imposed a minimum US$ 150 wage per month for foreign employment, with effect from October 01. The legislated increase missed two earlier deadlines in January and June 2005 on lobbying from recruitment agencies. The […]
Pay Later
Sri Lanka plans to spend more and borrow further next year as expenses for defence and fuel related subsidies escalate.Sri Lanka plans to spend more and borrow further next year as expenses for defence and fuel related subsidies escalate. Total state spending will rise 30 percent to Rs.568.3 billion (US$ 5.6 billion) in 2006 from […]
Falling Flight
Fuel surcharges by airlines may finally be putting a drag on demand, as passenger numbers and cargo volumes slow in August on the back of high oil prices.Fuel surcharges by airlines may finally be putting a drag on demand, as passenger numbers and cargo volumes slow in August on the back of high oil prices. […]
Bomb Hoax
A bomb scare forced a London-bound Sri Lankan Airlines plane to return to the island’s only international airport here 40 minutes after take off Monday, an official said. A bomb scare forced a London-bound Sri Lankan Airlines plane to return to the island’s only international airport here 40 minutes after take off Monday, an official […]
Et Tu Brute?
United National Party (UNP) said last week they would recommence work to build a thermal power station at Kerewelapitiya abandoning the west coast coal power plant option.United National Party (UNP) said last week they would recommence work to build a thermal power station at Kerewelapitiya abandoning the west coast coal power plant option. Government, that […]
Sri Lankan tourism dented by image put out from aid agencies
Efforts by relief agencies to raise funds to help rebuild Sri Lanka’s tsunami-battered coastlines by projecting images of massive destruction have backfired on the island’s tourism industry. Efforts by relief agencies to raise funds to help rebuild Sri Lanka’s tsunami-battered coastlines by projecting images of massive destruction have backfired on the island’s tourism industry. Tourists […]
You Give We Spend
Sri Lanka’s top Treasury official says the country will not accept debt relief next year, unless it is given without strings.Sri Lanka’s top Treasury official says the country will not accept debt relief next year, unless it is given without strings. Treasury Secretary Dr. P B Jayasundera who asked top lenders to extend debt relief […]
Missed Again
Sri Lanka has completely missed out on Foreign Direct Investment flows to emerging markets last year.Sri Lanka has completely missed out on Foreign Direct Investment flows to emerging markets last year. FDI to emerging markets dominated by Chain and India grew 40 percent but flows to Sri Lanka have been hovering around the US$ 200 […]
Oil Spurt
Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity at its Sapugaskanda refinery and save on its fuel bill.Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity […]
Cross Shopping
The Railway Authority says it will help set up small businesses for the men manning its bamboo gates at level crossings, to ensure their presence at their posts. The Railway Authority says it will help set up small businesses for the men manning its bamboo gates at level crossings, to ensure their presence at their […]