Category: Industry
Ageing Nicely
Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account.Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account. The revamped account offers it’s over 55 year […]
Gas Leak
Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase.Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase. “We had a discussion yesterday, and we asked […]
Electronic Leash
SriLankan Cargo is offering a web based supply chain management solutions to cut costs and speed up the documentation process for its customers.SriLankan Cargo is offering a web based supply chain management solutions to cut costs and speed up the documentation process for its customers. The national carrier says e-HAWB (electronic House Air Way Bill), […]
Fems Fatale
Hemas Holdings cashed in on a Rs.300 mn market and growing for female hygiene products last week, buying over sanitary napkin brand, Fems.Hemas Holdings cashed in on a Rs. 300 mn market and growing for female hygiene products last week, buying over sanitary napkin brand, Fems. The Group picked up the brand from Maxims, who […]
Encore
The Inland Revenue says it will call for fresh applications for amnesty since the amnesty law of 2003 was repealed and a new law was introduced last month.The Inland Revenue says it will call for fresh applications for amnesty since the amnesty law of 2003 was repealed and a new law was introduced last month. […]
Filling Up
Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a US$ 150 mn credit line. Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a […]
Hanging Up
The Welikada prison’s 7000 inmates will stay-put, with Sri Lanka telecom hanging up on its call centre project.The Welikada prison’s 7000 inmates will stay-put, with Sri Lanka telecom hanging up on its call centre project. Chief Executive Shuhei Anan told shareholders on Monday that the telco giant would abandon its Telecom City project to focus […]
Venturing Out
Jet Airways and Air Sahara are closing strategic deals with international airlines in a bid to smoothen their global take-off.Jet Airways and Air Sahara are closing strategic deals with international airlines in a bid to smoothen their global take-off. While Jet Airways has forged an alliance with South African Airways (SAA) to boost business and […]
Debt Collector
The Inland Revenue says it is due five billion rupees in Goods and Services Tax (GST) and that companies and individuals must pay up before December 31, or face penalties.The Inland Revenue says it is due five billion rupees in Goods and Services Tax (GST) and that companies and individuals must pay up before December […]
Bosom Buddies
Cancer among women is increasing in Sri Lanka and private health care services are rising to the needs with wigs and chests at very competitive prices. Cancer among women is increasing in Sri Lanka and private health care services are rising to the needs with wigs and chests at very competitive prices. Ceylinco Healthcare Service […]
High networth tourists are here to stay, with foreign guest nights up 16 percent last quarter.
High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year.High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year. Sri Lanka […]
Singapore Only
Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries.Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries. A team from Jurong is studying […]