Category: Industry
Japanese Input
The Japanese government commits money to get electricity transmission in the North back on track and for agriculture development.The Japanese government commits money to get electricity transmission in the North back on track and for agriculture development. A loan of Rs 1.2 bn will go towards rehabilitating the Vavuniya – Kilinochchi electricity transmission line. “This […]
Mosquito Bite
Air fares to hot spots like Middle East and London are bottoming out, putting pressure on full fledge carriers, but newbie Etihad Airways says there is still room for all to survive in a friendly manner.Air fares to hot spots like Middle East and London are bottoming out, putting pressure on full fledge carriers, but […]
Flight Check
Holiday Air, a Sri Lankan airline, plans to invest US$ 12 mn to operate international flights from the island, following the liberalisation of the sector, the government’s Board of Investment said Friday.Holiday Air, a Sri Lankan airline, plans to invest US$ 12 mn to operate international flights from the island, following the liberalisation of the […]
Reality Cheque
Two months after the tsunami, Sri Lanka has so far got less than 10 percent of its emergency aid requirement to rebuild devastated areas, despite an outpouring of international goodwill.Two months after the tsunami, Sri Lanka has so far got less than 10 percent of its emergency aid requirement to rebuild devastated areas, despite an […]
Funding Accountability
The World Bank is inviting non-governmental and civil society organisations to apply for grants for social accountability programmes. The World Bank is inviting non-governmental and civil society organisations to apply for grants for social accountability programmes. The World Bank Colombo Office is inviting non-governmental and civil society organizations in Sri Lanka to submit their applications […]
No Surprises
Commercial Bank of Ceylon retained its AA+ (sri) national rating for its implied long-term unsecured senior debt, from Fitch Ratings Lanka Ltd. Commercial Bank of Ceylon retained its AA+ (sri) national rating for its implied long-term unsecured senior debt, from Fitch Ratings Lanka Ltd. Fitch also affirms the AA (sri) rating assigned to the bank’s […]
Slow Connection
eServices Lanka, the automated cargo clearance service, is looking to tie up with trade groups to coax more traffic online. eServices Lanka, the automated cargo clearance service, is looking to tie up with trade groups to coax more traffic online. “We are open to agreements with parties to increase clearance volumes,” said Sameera Samarakkody, Business […]
Remember Me?
They may be differently able, but some two million Sri Lankans are shut out of public places, as the able bodied fail to understand their needs, a new disability group said Tuesday.They may be differently able, but some two million Sri Lankans are shut out of public places, as the able bodied fail to understand […]
Cyber Battles
The World Intellectual Property Office (WIPO) says cyber squatters are increasingly encroaching dot coms and country code domains, all over the world.The World Intellectual Property Office (WIPO) says cyber squatters are increasingly encroaching dot coms and country code domains, all over the world. According to WIPO cyber squatting, or the illegal use of names or […]
Join Us
The Commercial Bank of Ceylon has established a fully-owned subsidiary to offer employee training and development, banking education, executive search and recruitment, Human Resources (HR) consultation and other HR related services to corporate sector entities in Sri Lanka.The new company, X-Pertise Limited is an extension of the training facilities provided by the Bank’s Staff Development […]
Still Afloat
Union Assurance Ltd closed the fiscal year 2004 with a Rs.60 mn loss after the recent tsunami washed ashore over 160 insurance claims.Union Assurance Ltd closed the fiscal year 2004 with a Rs. 60 mn loss after the recent tsunami washed ashore over 160 insurance claims. The relatively small insurance firm picked up a hefty […]
Hotels eligible for one-year import duty waiver, starting March 1, Ministry of Tourism.
Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. “The Finance Ministry agreed to grant an import duty waiver for the hotels for one […]