Category: Industry
On Hold
The ICT Agency has moved for further time to file its objections to an Appeal Court injunction taken out by the seven network operators. The ICT Agency has moved for further time to file its objections to an Appeal Court injunction taken out by the seven network operators. The court has allowed till May 13 […]
Pipe Dream?
The government of Sri Lanka, whose roads are among the world’s most dangerous, said it would crack down on rash driving after the island’s worst train-bus collision killed 35 people.The government of Sri Lanka, whose roads are among the world’s most dangerous, said it would crack down on rash driving after the island’s worst train-bus […]
Tweaking Terms
Sri Lanka plans to change the terms of controversial petroleum asset sale deal, mandating a third player to secure fuel supplies from state-run Ceypetco’s Sapugaskande refinery.Sri Lanka plans to change the terms of controversial petroleum asset sale deal, mandating a third player to secure fuel supplies from state-run Ceypetco’s Sapugaskande refinery. “The government has given […]
Nordic Goodwil
Norway has allocated Rs. 1.7 billion towards Sri Lanka’s post tsunami relief work, the Royal Norwegian Embassy said Thursday.Norway has allocated Rs. 1.7 billion towards Sri Lanka’s post tsunami relief work, the Royal Norwegian Embassy said Thursday. About Rs. 906 million of the funds, will be earmarked for humanitarian relief to provide temporary shelter, water […]
More Please
Treasury Secretary Dr. P B Jayasundera Thursday said Sri Lanka was expecting some US$ 1.5 billion annually in donor commitments over the next three to five years.Treasury Secretary Dr. P B Jayasundera Thursday said Sri Lanka was expecting some US$ 1.5 billion annually in donor commitments over the next three to five years. The international […]
Bucking the trend
Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through its Dubai hub, heavy investment in its fleet and a non-union workforce.Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through […]
Exchange Issue
The Exchange Control Department of the Central Bank of Sri Lanka, has cautioned the public not to buy foreign exchange from moneychangers, a type of dealer who is only authorised to buy foreign exchange from the public. The Exchange Control Department of the Central Bank of Sri Lanka, has cautioned the public not to buy […]
Fair Game
The EDB is putting together a set of procedures and criteria for ethical labeling, with plans to later set up an independent standards body.The EDB is putting together a set of procedures and criteria for ethical labeling, with plans to later set up an independent standards body. Export Development Board Chief Rohantha Athukorala said Sri […]
Kangaroo Help
Sri Lanka has received Rs. 230 million (A$ 3 million) from the Australian government to resettle refugees returning from India, officials said Tuesday.Sri Lanka has received Rs. 230 million (A$ 3 million) from the Australian government to resettle refugees returning from India, officials said Tuesday. Channeled through the International Organisation for Migration (IOM), the funds […]
Some of coral reefs battered, others untouched by tsunami
The tsunamis which smashed into Sri Lanka in December last year battered some of the island’s famed coral reefs to bits but left others untouched, environmentalists say.The tsunamis which smashed into Sri Lanka in December last year battered some of the island’s famed coral reefs to bits but left others untouched, environmentalists say. Based on […]
Flying Goods
National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday.National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday. The airline which is 40 percent owned by Dubai’s Emirates Airlines, presently operates regular freighter services […]
Electrical Wiz
Ceylinco’s pollution free car – the Reva selling at over Rs.1.2 mn has so far received some 20 confirmed orders.Ceylinco’s pollution free car – the Reva selling at over Rs. 1.2 mn has so far received some 20 confirmed orders. The Indian made electric car was commercially launched Monday, targeted at environment minded Sri Lankan’s […]