Category: Industry
Choke Ride
Railway authorities are in negotiations with the Transport Ministry to urgently up its fares after Sunday’s fuel price hike. Railway authorities are in negotiations with the Transport Ministry to urgently up its fares after Sunday’s fuel price hike. An official from the Transport Minister office said on Monday that negotiations to raise fares were currently […]
Trip Switch
Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval.Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval. Investors last week encouraged the government to go ahead with […]
Petro Shock
Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs.6.00 a litre to Rs. 80 and diesel up by Rs. 4.00 a litre to Rs. 50, just a month after the last price hike.Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs. 6.00 a […]
Waiting Game
Sri Lanka and India said Friday that they had agreed to ink a new economic pact aimed at boosting free trade by end 2005, one-year later than originally planned.Sri Lanka and India said Friday that they had agreed to ink a new economic pact aimed at boosting free trade by end 2005, one-year later than […]
Call Charge
COLOMBO (Dow Jones)–Distilleries Co.of Sri Lanka (DIST.SL) said Friday it will pay million to acquire local fixed-line operator Lanka Bell Ltd. COLOMBO (Dow Jones)–Distilleries Co. of Sri Lanka (DIST.SL) said Friday it will pay million to acquire local fixed-line operator Lanka Bell Ltd.“The acquisition may take about a month to complete. We will start the […]
Word War
Sri Lanka’s truce monitors this week declared that the ceasefire was “not currently in danger” despite fears of war raised by peace broker Norway, financial backer Japan and the two main protagonists themselves.Sri Lanka’s truce monitors this week declared that the ceasefire was “not currently in danger” despite fears of war raised by peace broker […]
Engaged Tone
Distilleries Company of Sri Lanka Group on Thursday signed a share purchase agreement with Lanka Bell to buy 76 percent of the telco.Distilleries Company of Sri Lanka Group on Thursday signed a share purchase agreement with Lanka Bell to buy 76 percent of the telco. The deal will go through Milford Holdings (Pvt) Ltd – […]
Pre-emptive Action
The World Intellectual Property Organization (WIPO) says its time intellectual property rights protection extended further into the Internet.The World Intellectual Property Organization (WIPO) says its time intellectual property rights protection extended further into the Internet. WIPO is recommending “a uniform intellectual property (IP) protection mechanism” to control illegal domain name registrations in any new generic […]
Cheap Deals
Possibly Sri Lanka’s first budget carrier Holiday Air is optimistic about flying from Colombo to 16 destinations alongside SriLankan Airlines by end February 2006.Possibly Sri Lanka’s first budget carrier Holiday Air is optimistic about flying from Colombo to 16 destinations alongside SriLankan Airlines by end February 2006. The no-frills carrier is one of nine contenders […]
Box Rates
Sri Lankan ship agents want a cut in empty container handling tariffs, currently costing between US$ 40 to US$ 50 per 20 foot box.Sri Lankan ship agents want a cut in empty container handling tariffs, currently costing between US$ 40 to US$ 50 per 20 foot box. Agents say close to 100,000 twenty foot containers […]
Update Coming
Draft laws to prevent computer crime get green light from Sri Lanka’s Cabinet and will be gazetted by the end on June.Draft laws to prevent computer crime get green light from Sri Lanka’s Cabinet and will be gazetted by the end on June. “The good news is that after six to seven years of preparation […]
New Number
Sri Lanka Telecom’s fully owned cellular subsidiary rolls out second phase of its GSM network expansion to increase capacity to one million lines. Sri Lanka Telecom’s fully owned cellular subsidiary rolls out second phase of its GSM network expansion to increase capacity to one million lines. Mobitel on Tuesday signed a deal with global telecom […]