Category: Industry
Hurdle One
Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. That […]
Pension Scam
Authorities have bared a massive scam that drained millions from the Sri Lankan government pension system, by submitting falsified documents.Authorities have bared a massive scam that drained millions from the Sri Lankan government pension system, by submitting falsified documents. Officials say in one case, a person purporting to be resident in Canada had claimed two […]
Traffic Jam
Sri Lanka’s traffic police says it will take legal action against insurance companies that stop road accidents from being reported to the police.Sri Lanka’s traffic police says it will take legal action against insurance companies that stop road accidents from being reported to the police. “We are considering taking legal action against insurance companies that […]
Extended Talk Time
Mobile operator Celltel Lanka is luring its pre-paid customers with steep discounts to call selected overseas destinations.Mobile operator Celltel Lanka is luring its pre-paid customers with steep discounts to call selected overseas destinations. Starting July 25, Celltel users will be charged Rs. 11 (peak) and Rs. 8 (off peak) on foreign outgoing calls. The tariffs […]
Seeing Red
Linux server and desktop operating systems developer Red Hat says it is ready to take on the Sri Lankan market with a Sinhalese version expected in 2006.Linux server and desktop operating systems developer Red Hat says it is ready to take on the Sri Lankan market with a Sinhalese version expected in 2006. Work on […]
Tourist arrivals still driven by South Asia
Tourist arrivals to Sri Lanka, from traditional bread and butter markets of Western Europe, showed signs of picking up in the month of June.Tourist arrivals to Sri Lanka, from traditional bread and butter markets of Western Europe, showed signs of picking up in the month of June. Tourists to Sri Lanka increased by 42.3 percent […]
Travelling Light
Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through Dubai.Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through Dubai. Sri Lankans travelling on Emirates Airlines from Colombo […]
Blank Cheques
Telecom operators are holding back on June payment to the telecom development fund (TDF) after Sri Lanka Telecom held back payments for some 18 month.Telecom operators are holding back on June payment to the telecom development fund (TDF) after Sri Lanka Telecom held back payments for some 18 month. It is understood that as of […]
Sri Lanka to sell Hilton hotel stake
Sri Lanka’s government plans to sell a stake in the Hilton Colombo, the only five-star business hotel in the capital, to help fund its budget, a hotel official said Monday.Sri Lanka’s government plans to sell a stake in the Hilton Colombo, the only five-star business hotel in the capital, to help fund its budget, a […]
Setting Sail
Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage.Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage. […]
Learning Facts
The tertiary education system in the country got a much-needed financial push for development with a US$ 60 million grant from the World Bank. The tertiary education system in the country got a much-needed financial push for development with a US$ 60 million grant from the World Bank. Country director for World Bank, Peter Harrold […]
Poor Performance
Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily accessible.Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily accessible. Unable to compete with bigger firms with secure collateral, they […]