Category: Industry
IT Works
The Education Ministry hopes to call for a larger budget allocation for IT related education in the national curriculum.The Education Ministry hopes to call for a larger budget allocation for IT related education in the national curriculum. The IT project is now largely funded though an ADB grant for developing secondary education in Sri Lanka. […]
Troubleshooter
Government and trade union talks on Ceylon Electricity Board (CEB) restructuring collapses and trade unions call for mediation by the Prime Minister again.Government and trade union talks on Ceylon Electricity Board (CEB) restructuring collapses and trade unions call for mediation by the Prime Minister again. Over the past month trade unions, lending agnecies and government […]
Power Surge
Fixed electricity prices could double after a Cabinet green light expected on Wednesday, to tide the thermal dependant Electricity Board through surging crude costs.Fixed electricity prices could double after a Cabinet green light expected on Wednesday, to tide the thermal dependant Electricity Board through surging crude costs. About 60 percent of the country’s electricity generation […]
Comfy Zone
Sri Lanka’s central bank may have little choice but to do nothing on monetary policy in the next few months even as the economy, still reeling from last year’s tsunami and political turmoil, seeks a boost from lower interest rates. Sri Lanka’s central bank may have little choice but to do nothing on monetary policy […]
Power Struggle
Ceylon Electricity Board trade unions were to meet late Monday for crucial talks on restructuring the state owned power utility ahead of a donor deadline on Wednesday.Ceylon Electricity Board trade unions were to meet late Monday for crucial talks on restructuring the state owned power utility ahead of a donor deadline on Wednesday. The unions […]
Touching Lives
Sri Lanka’s Hatton National Bank (HNB) plans to securitise part of its micro finance portfolio to expand its low cost credit schemes. Sri Lanka’s Hatton National Bank (HNB) plans to securitise part of its micro finance portfolio to expand its low cost credit schemes. HNB’s micro finance portfolio stands at around Rs. 4 billion at […]
‘s tourism arrival numbers are up, but beach front properties remain virtually empty
Despite claims that tourist revivals are up 8 percent by May, many of Sri Lanka’s resorts on the southern coast remain almost empty since the tsunami. Despite claims that tourist revivals are up 8 percent by May, many of Sri Lanka’s resorts on the southern coast remain almost empty since the tsunami. Visitors who helped […]
Who’s The Fool?
Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated.Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated. The government […]
Sri Lanka’s tourism arrival numbers are up, but beach front properties remain virtually empty
Despite claims that tourist revivals are up 8 percent by May, many of Sri Lanka’s resorts on the southern coast remain almost empty since the tsunami. Despite claims that tourist revivals are up 8 percent by May, many of Sri Lanka’s resorts on the southern coast remain almost empty since the tsunami. Visitors who helped […]
‘s The Fool?
Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated.Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated. The government […]
Angry Tones
Dozens of Buddhist monks and their followers blocked a main highway to President Chandrika Kumaratunga’s home Friday demanding she withdraw plans to enter into an aid sharing deal with Tamil Tiger rebels, witnesses said.Dozens of Buddhist monks and their followers blocked a main highway to President Chandrika Kumaratunga’s home Friday demanding she withdraw plans to […]
Better Dialogue
Sri Lanka’s largest cellular operator Dialog Telekom, has lined up international roadshows in Asia, Middle East and Europe next week to drum up support for its upcoming public offering, officials said Friday.Sri Lanka’s largest cellular operator Dialog Telekom, has lined up international roadshows in Asia, Middle East and Europe next week to drum up support […]