Category: Industry
Fast Pace
A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market last week, seeking to be a major player in a sector that grew 66 per cent last year.A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market […]
Village Hand
Condemning the way traditional subsidies are doled out to the poor, the Freedom Alliance Government is gearing to launch a fresh poverty reduction programme later this week.Condemning the way traditional subsidies are doled out to the poor, the Freedom Alliance Government is gearing to launch a fresh poverty reduction programme later this week. Samurdhi and […]
Media Attack
Sri Lanka’s opposition United National Party condemned the grenade attack on the independent Swarnavahini television station, and called for an inquiry to find the culprits. Sri Lanka’s opposition United National Party condemned the grenade attack on the independent Swarnavahini television station, and called for an inquiry to find the culprits. “We strongly condemn the attack […]
EU Flight
Sri Lanka has agreed to tweak terms of its bilateral Air Service Agreement with France, to allow other EU carriers from its ‘common market’ to fly in here.Sri Lanka has agreed to tweak terms of its bilateral Air Service Agreement with France, to allow other EU carriers from its ‘common market’ to fly in here. […]
Breathing Space
Pramuka Bank got a short breathing space on Friday when the Appeal Court issued a stay order against the decision to liquidate the bank.Pramuka Bank got a short breathing space on Friday when the Appeal Court issued a stay order against the decision to liquidate the bank. The next Court hearing is set for November. […]
On the Roll
Treasury bond auctions on Thursday for three and four year bonds bring in over Rs 4 bn each. Treasury bond auctions on Thursday for three and four year bonds bring in over Rs 4 bn each. At the Treasury bond auctions held on Thursday bonds maturing in 2007 and 2008 were offered to the market. […]
Sky Castles
A change in land taxes and a stagnated economy has not crimped Sri Lankans desires to own a house in the skies.A change in land taxes and a stagnated economy has not crimped Sri Lankans desires to own a house in the skies. Property developers suffered a minor heart attack when the government re-introduced a […]
Go Ahead
The Trustee of Vanik debenture holders told the Colombo Stock Exchange on Thursday that it would support an application to windup the company.The Trustee of Vanik debenture holders told the Colombo Stock Exchange on Thursday that it would support an application to windup the company. Thursday’s statement follows an application on October 11 to the […]
Branded for Life
All brands under the Sri Lankan sun – giants or dwarves – are invited to test their metal against each other at the SLIM Brand Excellence Awards 2004.All brands under the Sri Lankan sun – giants or dwarves – are invited to test their metal against each other at the SLIM Brand Excellence Awards 2004. […]
Going Online
From housemaids in the Middle East to engineers in Canada, Sri Lankans away from home keep tabs on news back home through Sri Lankan newspapers online.From housemaids in the Middle East to engineers in Canada, Sri Lankans away from home keep tabs on news back home through Sri Lankan newspapers online. The Internet is emerging […]
Change Factor
A name, brand and balance sheet makeover later, Pan Asia Bank Corporation Limited says it is talking to an undisclosed foreign bank and the National Savings Bank to build its housing loan portfolio.A name, brand and balance sheet makeover later, Pan Asia Bank Corporation Limited says it is talking to an undisclosed foreign bank and […]
Driving Off
A pick up in the Indian car market is driving the leasing business here, with Tata India expanding its fleet of vehicles locally to tap the potential.A pick up in the Indian car market is driving the leasing business here, with Tata India expanding its fleet of vehicles locally to tap the potential. Diesel and […]