Category: Industry
Radar Test
A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port.A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port. The study […]
Hot Rod
A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. The proposed wage […]
Sprinkling Aid
The Ministry of Finance on Wednesday said the Treasury had released Rs.600 million in drought relief over the week.The Ministry of Finance on Wednesday said the Treasury had released Rs. 600 million in drought relief over the week. Released in two parts, Rs. 550 million has been marked out for dry ration allocations for the […]
Strike One
The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week.The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week. “We were […]
Rerouting
Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main international link was damaged last Friday.Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main […]
Web Watch
The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The laws will be incorporated into an upcoming Private Medical Institutions Act, spelling out a hospital’s rights, duties and obligations towards […]
Wire Tapping
Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable.Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable. In a […]
Dizzy News
Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail fares, as the Treasury factors in ‘corrections’ to trim its subsidy budget.Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail […]
Back to USA
Government is reviving plans to use a controversial United States offer to find money for forest conservation.Government is reviving plans to use a controversial United States offer to find money for forest conservation. The Tropical Rainforest Act allows countries, which owe money to the US treasury to channel a part of it to a conservation […]
Height of Intelligence
The opposition is blaming bad economic policies for rapid price rises.The opposition is blaming bad economic policies for rapid price rises. The Treasury has made several attempts to correct macro-economic imbalances, but it has been thwarted by its own coalition partners in some cases. The Treasury has at last corrected fuel prices, preventing the build […]
Bankers Parley
Ten years ago bankers focused on decentralizing their operations.Ten years ago bankers focused on decentralizing their operations. But now technology and customer demands are driving the industry to pay more attention on centralizing their business operations. “Now the trend is towards centralization. Most of the banks in Colombo are also for that kind of thing,” […]
Deep Sea Moves
Sri Lanka Telecom sought US$ 5 mn damages from an Indian vessel, which allegedly damaged its undersea international cable.Sri Lanka Telecom sought US$ 5 mn damages from an Indian vessel, which allegedly damaged its undersea international cable. The dominant carrier’s Internet and international call network came to a standstill late Saturday, after a ship’s anchor […]