Category: Industry
False Charge
A consumer lobby on Monday argued in the Court of Appeal that approval for Sri Lanka Telecom’s last tariff increase was not within the telecom watchdog’s authority. A consumer lobby on Monday argued in the Court of Appeal that approval for Sri Lanka Telecom’s last tariff increase was not within the telecom watchdog’s authority. The […]
Quick Dial
Cellular operator Celltel will bring forward its 2006 network expansion plans, increasing its coverage map to cover 52 percent of the island’s population.Cellular operator Celltel will bring forward its 2006 network expansion plans, increasing its coverage map to cover 52 percent of the island’s population. Celltel’s sixth phase of expansion will take its network capacity […]
Raining Rights
A new draft water policy, to manage Sri Lanka’s surface and ground water, including rainwater, is waiting Mahaweli Ministry approval.A new draft water policy, to manage Sri Lanka’s surface and ground water, including rainwater, is waiting Mahaweli Ministry approval. “We have made certain amendments to the 2003 water policy.It will go for a public consultation […]
Powers that Be
Sri Lanka’s electricity sector trade unions to present new reforms model to government on Monday.Sri Lanka’s electricity sector trade unions to present new reforms model to government on Monday. “All the unions will meet on Friday to finalise a new proposal for electricity reforms.We hope to present the final paper to the Ministry of Power […]
Thinking Cap
KANDY — The International Monetary Fund may consider reviving a loan to Sri Lanka if the government provides it with clear plans to reduce poverty and develop the rural economy, an IMF official said.KANDY — The International Monetary Fund may consider reviving a loan to Sri Lanka if the government provides it with clear plans […]
First Round
Kandy – Sri Lankan received over US$ 2.2 billion worth of financial pledges during a donor parley on Monday amidst stiff protest from Buddhist clergy against a joint mechanism to deliver tsunami aid to rebel held areas, officials said.Kandy – Sri Lankan received over US$ 2.2 billion worth of financial pledges during a donor parley […]
Millennium Move
Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company.Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company. The company has helped many stock exchanges go […]
High Pressure Oil
Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation.Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation. Indian High commission in Colombo is putting diplomatic […]
Bouncing Back
The Ceylon Tourist Board chairman Udaya Nanayakkara says the board will spend over US$ 7 million this year to promote the Indian Ocean Island as an up-market holiday destination.The Ceylon Tourist Board chairman Udaya Nanayakkara says the board will spend over US$ 7 million this year to promote the Indian Ocean Island as an up-market […]
We miss you
Sachithra Sachitra Silva, colleague and friend, passed away on May 13, under tragic circumstances. Before joining Vanguard-ETV’s business news division, he was at Lakhanda radio, ABC Radio, and MTV News division. Our sympathies are with his wife and baby son at this difficult time. Cortege leaves residence 97 Daham Mawatha Maharagama at 4 pm on […]
Inflation Checker
The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The […]
Premium Price
Insurance costs will go up by one third for Sri Lankan hotels, as insurance companies factor tsunami risk into future insurance coverage.Insurance costs will go up by one third for Sri Lankan hotels, as insurance companies factor tsunami risk into future insurance coverage. “Premiums went up a little this year because tsunami cover was introduced.Insurance […]