Category: Industry
Boot Up
The ICT Agency is shifting its rural connectivity plans to the coast in a move to help tsunami survivors cope with the disaster and share their plight with the world.The ICT Agency is shifting its rural connectivity plans to the coast in a move to help tsunami survivors cope with the disaster and share their […]
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 […]
Jackpot
The government kitty is showing signs of spilling over this year with new taxes adding on to donor contributions.The government kitty is showing signs of spilling over this year with new taxes adding on to donor contributions. The UPFA government launched on an intensive revenue collection campaign in 2004 and the results are already showing. […]
Strong Push
Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec.31 Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec. 31 The company […]
Gold Mine
Around US$ 35 mn worth of monies have flowed into the Central Bank’s special tsunami disaster relief Fund.Around US$ 35 mn worth of monies have flowed into the Central Bank’s special tsunami disaster relief Fund. As at Friday, Rs. 3,522 mn had come in, which includes Rs.453 mn worth of funds channelled to the government […]
All Systems Go
Though most are agreed that a flexible, multi-hazard warning system is what Sri Lanka needs, it might have to be put into law to ever really take effect.Though most are agreed that a flexible, multi-hazard warning system is what Sri Lanka needs, it might have to be put into law to ever really take effect. […]
New Pitch
Sri Lanka Cricket has opened the bidding for its team-sponsorship rights for a three-year period starting on April 2005.Sri Lanka Cricket has opened the bidding for its team-sponsorship rights for a three-year period starting on April 2005. The current team sponsor’s deal, won by Dilmah Tea in 2002, expires at the end of March, and […]
Red Dot
Fitch Ratings Lanka Ltd (FRL) assigns BB+ (sri) (double B plus) national rating for the Implied Long-term unsecured Senior Debt of Pan Asia Banking Corporation Ltd. (PABC). Fitch Ratings Lanka Ltd (FRL) assigns BB+ (sri) (double B plus) national rating for the Implied Long-term unsecured Senior Debt of Pan Asia Banking Corporation Ltd. (PABC). BB+ […]
Double-Edged
One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of aid.The question remains how the billions of dollars can be used in the long-term to reconstruct shattered lives.One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of […]
Tax Drive
The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets.The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets. “Around half of the tax payers are yet to settle their full dues to the department […]
Big Step
Ceylinco Consolidated, the leading corporate group in Sri Lanka, has tied up with Shriram Properties Ltd to develop commercial and housing properties in Bangalore and Chennai.Ceylinco Consolidated, the leading corporate group in Sri Lanka, has tied up with Shriram Properties Ltd to develop commercial and housing properties in Bangalore and Chennai. The Colombo-based conglomerate and […]
On the Road
An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding.An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding. “We have identified and submitted to the government, long term road development projects, for donor funding,” […]