Category: Industry
Same Story
MULLAITIVU, Sri Lanka (AFP) – Six months after the tsunamis battered Sri Lanka’s shores, people in this remote eastern village under the control of Tiger rebels have yet to see any sign of reconstruction. MULLAITIVU, Sri Lanka (AFP) – Six months after the tsunamis battered Sri Lanka’s shores, people in this remote eastern village under […]
Coastal buffer zones keep tsunami survivors at bay
HIKKADUWA, Sri Lanka,(AFP) – The waterfront restaurant at the entrance to this Sri Lankan coral sanctuary survived the Asian tsunami but six months later its owner is struggling to keep his nose above water because a new “buffer zone” law prevents him from rebuilding.HIKKADUWA, Sri Lanka,(AFP) – The waterfront restaurant at the entrance to this […]
Final Call
The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring trade unions.The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring […]
Speak Now, Or…
Notice of proposed electricity price increases will be out for public comment next week, says the Ceylon Electricity Board (CEB).Notice of proposed electricity price increases will be out for public comment next week, says the Ceylon Electricity Board (CEB). “We sent the gazette notice to print.So it should be out early next week,” said CEB […]
More Money
Senkadagala Finance raised Rs. 150 mn in fresh funds through a higher-purchase receipts backed debenture.Senkadagala Finance raised Rs. 150 mn in fresh funds through a higher-purchase receipts backed debenture. The private placement, structured by Investec Capital, is in line with Senkadagala Finance’s strategy to mobiles a larger part of its funds from low cost sources. […]
Aid Risk
Risk factors like the tsunami with large numbers of displaced in makeshift shelters, is threatening to grow Sri Lanka’s low HIV infection rate, the United Nation warns.Risk factors like the tsunami with large numbers of displaced in makeshift shelters, is threatening to grow Sri Lanka’s low HIV infection rate, the United Nation warns. Mounting poverty […]
Insuring Sampath
Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network.Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network. The bank’s Managing Director Anil Amarasuriya on Wednesday said that the projects was in its conceptual stage and would need approval from its board of directors along with […]
Got It
Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue.Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue. Through this listing HNB will place 1,766,470 GDRs in Luxembourg at an […]
Sowing SEEDS
Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro finance institutions, however, have had better success. Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro […]
Flight Control
The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, for a better handle on passenger protection. The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, […]
Out of Mind
Mental health professionals say available mental health care in Sri Lanka is no where near enough to guarantee peace of mind.Mental health professionals say available mental health care in Sri Lanka is no where near enough to guarantee peace of mind. “We have been training people, but we need more,” says Director, Mental Health Services, […]
Profitable Risk
Risk management is important for any company to deliver optimum shareholder value. For highly leveraged entities like banks, risk management takes an even more important role. Companies can earn economic profits, only if risks are managed. Risk management is important for any company to deliver optimum shareholder value. For highly leveraged entities like banks, risk […]