Category: Industry
Clean Flush
Japan will pump Rs. 146 mn to clean up Colombo’s century old sewer system that takes on the brunt of over 700,000 residents daily.Japan will pump Rs. 146 mn to clean up Colombo’s century old sewer system that takes on the brunt of over 700,000 residents daily. The project will take till 2010 to clean […]
Bug Buster
IT solutions provider Eureka Technology Partners say Sri Lankan business face an equal threat from hackers and other software vulnerabilities as are their overseas counterparts and with the consequences as painful as a labour dispute.IT solutions provider Eureka Technology Partners say Sri Lankan business face an equal threat from hackers and other software vulnerabilities as […]
Easing Off
A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s Ceylon Petroleum Corp. repay its mountain of foreign debt, Ceypetco chairman Jaliya Madegama said Tuesday. A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s […]
Tsunami Circus
Tsunami victims stew in camps in Sri Lanka waiting for millions of rupees worth of aid that has got stuck in government red tape.Tsunami victims stew in camps in Sri Lanka waiting for millions of rupees worth of aid that has got stuck in government red tape. “On average only about 30 percent of the […]
Medical Aid
The Ceylinco Group will invest Rs.2 bn to set up two specialised hospitals this year, following the success of its Cancer Detection Centre.The Ceylinco Group will invest Rs. 2 bn to set up two specialised hospitals this year, following the success of its Cancer Detection Centre. “We are in the process of setting up two […]
Restart
Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. The applications call for some Rs. 775 million in concessionary loans, the bank said on Tuesday. The applications are in response to the Bank’s Susahana […]
Moving Over
The tsunami may have its effects on migration a year from now, as it leaves behind people – some displaced into cities, taking a keen look at work abroad.The tsunami may have its effects on migration a year from now, as it leaves behind people – some displaced into cities, taking a keen look at […]
Rolling Dice
Sri Lanka plans to reward good taxpayers with a lottery scheme this year, as the government pulls out the stops to raise Rs.351 bn in tax revenue this year, Treasury Secretary said.The usually starved Treasury was rather well fed by end last year, thanks to a string of new taxes, including unpopular measures like retrospective […]
Helping Hand
“I don’t want to fill any more tsunami forms,” is the first thing A P Gunawathi tells strangers visiting her present home – a displaced person’s camp in Dikwella, in the Matara district.“I don’t want to fill any more tsunami forms,” is the first thing A P Gunawathi tells strangers visiting her present home – […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned. Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the […]
Not So Bad
Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster.Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster. […]
Tsunami Wave
Sri Lanka on Friday offered free Internet surfing for tsunami survivors and said free telephone services will also be made available to those displaced by the disaster. Five Internet cafes would be launched in the first phase at the southern district of Hambantota by Prime Minister Mahinda Rajapakse on Sunday, the Information and Communication Technology […]