Category: Industry
Cross Purposes
Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the moderates. Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the moderates. Most of the debt ridden electricity giant’s […]
Bengal Link
IFS R&D Ltd., the Colombo-based subsidiary of the Swedish ERP (Enterprise Resource Planning) solutions company IFS AB, moved into the Bangladesh market by appointing ICE Technologies as a dealer to market its component-based business applications. IFS R&D Ltd., the Colombo-based subsidiary of the Swedish ERP (Enterprise Resource Planning) solutions company IFS AB, moved into the […]
Buying Time
A crucial cabinet meeting on restructuring the Ceylon Electricity Board and the Petroleum Corporation has been put off for two weeks, amidst street protests by unions.A crucial cabinet meeting on restructuring the Ceylon Electricity Board and the Petroleum Corporation has been put off for two weeks, amidst street protests by unions. Most of the 52 […]
Water Tight
An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn allocation by the bank to build a new port to the south of the Colombo harbour.An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn […]
Tick Tick
Three twisted carriages stand as a grim reminder of the December tsunamis that engulfed the “Ocean Queen” train, sending more than 1,000 passengers to their deaths and ripping up the tracks. Three twisted carriages stand as a grim reminder of the December tsunamis that engulfed the “Ocean Queen” train, sending more than 1,000 passengers to […]
Call for You
Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell says they expect to complete the first phase of their deployment in three months. Telecom […]
Empty Chest
The Asian Development Bank admits it has not given a cent to Sri Lanka so far, as the US$ 150 mn tsunami assistance programme will only go before its board in mid April, a top official said.The Asian Development Bank admits it has not given a cent to Sri Lanka so far, as the US$ […]
Waiting Game
The Asian Development Bank has asked Sri Lanka to step up the momentum of tsunami reconstruction and said it was awaiting agreement between Tamil Tiger rebels and the government over relief distribution.The Asian Development Bank has asked Sri Lanka to step up the momentum of tsunami reconstruction and said it was awaiting agreement between Tamil […]
Group Cover
LIC Lanka says Sri Lanka’s low income workforce could be covered by a group insurance policy partially funded by the government.LIC Lanka says Sri Lanka’s low income workforce could be covered by a group insurance policy partially funded by the government. The insurer’s board of directors have agreed to pitch the idea to the government, […]
Hungry Mouths
HSBC Bank picked up Rs. 400 mn worth of leased backed paper, locking returns for up to four-years.HSBC Bank picked up Rs. 400 mn worth of leased backed paper, locking returns for up to four-years. People’s Leasing Co. issued the lease-backed securities in the form of a direct loan as a cost effective method to […]
Slow Pace
Reconstruction of tsunami-hit infrastructure and homes along Sri Lanka’s ravaged coast has been delayed because pledged donor aid is only trickling in and relief agencies are still discussing plans, the government says.Reconstruction of tsunami-hit infrastructure and homes along Sri Lanka’s ravaged coast has been delayed because pledged donor aid is only trickling in and relief […]
Clear Line
Lanka Internet Services Ltd could become Sri Lanka’s eighth telecom service provider, operating an islandwide network under its existing enhanced voice license.Lanka Internet Services Ltd could become Sri Lanka’s eighth telecom service provider, operating an islandwide network under its existing enhanced voice license. The internet solutions and international calling card operator’s management and a team […]