Category: Industry
In the Dark
Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Power politics is pushing the Ceylon Electric Board (CEB) into a financial crisis with debts mounting and no increase in revenues. Government dithering on reforms has put the CEB’s debt restructuring in limbo and […]
Local Mint
State run National Savings Bank stepped into the lucrative US$ 1.5 bn foreign worker remittances market by offering savings and fixed deposit products. State run National Savings Bank stepped into the lucrative US$ 1.5 bn foreign worker remittances market by offering savings and fixed deposit products. So far, the savings giant has been picking up […]
Audit Check
Sri Lanka has asked local and international aid agencies to disclose their tsunami-relief operations and sources of funding, saying the information was essential to reduce waste.Sri Lanka has asked local and international aid agencies to disclose their tsunami-relief operations and sources of funding, saying the information was essential to reduce waste. The Finance Ministry in […]
Makeover
Sri Lanka Telecom says it has appointed MTI Consulting to ‘dress up’ its brand, following an intense global round of competitive bidding.Sri Lanka Telecom says it has appointed MTI Consulting to ‘dress up’ its brand, following an intense global round of competitive bidding. MTI’s task is to take this ‘Legacy Brands’ up to the next […]
Cabinet clears proposal for duty free imports for hotels damaged by the tsunami
Government lifts import duties temporarily on reconstruction material and vehicles for tsunami damaged tourism companies.Government lifts import duties temporarily on reconstruction material and vehicles for tsunami damaged tourism companies. Hotels damaged by the tsunami can import reconstruction material free of all import duties, said the Ministry of Tourism on Tuesday. “Cabinet has approved, on principle, […]
Water Works
Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. Australia is giving away 70 water purifiers, each worth A$ 5,000, to tsunami affected communities. “Initially we are hoping to introduce 70 units but there would be more later,” said Adrian Cohen from the Australian medical risk management company, Immediate […]
Refresh Button
Sri Lanka’s key lenders will hold fresh talks with Tamil Tiger rebels to assess tsunami damage amid hopes of finalising a reconstruction plan estimated to cost 1.5 billion dollars, officials said Sri Lanka’s key lenders will hold fresh talks with Tamil Tiger rebels to assess tsunami damage amid hopes of finalising a reconstruction plan estimated […]
Think Again
The Japan Bank for International Co-operation (JBIC) said Monday that it will not participate if a Trust Fund is set up to direct reconstruction aid to the North The Japan Bank for International Co-operation (JBIC) said Monday that it will not participate if a Trust Fund is set up to direct reconstruction aid to the […]
Comfort Pillow
The Central Bank has upped the limit on tsunami loans to Rs 10 mn from Rs. 5 mn, for smaller hotels who were not covered by insurance.The Central Bank has upped the limit on tsunami loans to Rs 10 mn from Rs. 5 mn, for smaller hotels who were not covered by insurance. Priced at […]
Getting Nowhere
Shell Gas Lanka Ltd, a unit of Royal/Dutch Shell Group, is seeking for some ’emergency tsunami aid’ from the Sri Lankan government, after six months lag on price hikes, blew a Rs.350 mn hole in its balance sheet last year, top officials said. Shell Gas Lanka Ltd, a unit of Royal/Dutch Shell Group, is seeking […]
The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines
The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines. The World Tourism Organisation says Sri Lanka could have minimized tsunami damage along its coast, if it had followed years’ old WTO building guidelines. The WTO had completed a Tourism Infrastructure […]
New hotel projects, approved before the tsunami, told to re-apply for a building licence if within no-building zone
New hotel projects – that were approved before the tsunami- must re-apply for a building licence if they fall within the latest ‘no-building’ zone.New hotel projects – that were approved before the tsunami- must re-apply for a building licence if they fall within the latest ‘no-building’ zone. “People with licences obtained previous to the tsunami […]