Category: Industry
G-Mail
The US Agency for International Development (USAID) has shifted its assistance to top gear infusing US$ 7 mn to be disbursed over a two-year period. The US Agency for International Development (USAID) has shifted its assistance to top gear infusing US$ 7 mn to be disbursed over a two-year period. Projects ranging from human development, […]
Weekly Confession
The Sri Lankan government has relaxed its guard over the souls of its citizens and is giving gifts from the public purse to uphold religious belief instead.The Sri Lankan government has relaxed its guard over the souls of its citizens and is giving gifts from the public purse to uphold religious belief instead. On Thursday, […]
Carrot & Stick
At long last a dedicated institute for higher education in technical subjects has made its way to Cabinet.At long last a dedicated institute for higher education in technical subjects has made its way to Cabinet. “The proposal for the Institute of Technology in Moratuwa is now before Cabinet,” said Secretary to the Ministry of Vocational […]
Dropping the Bar
Despite some of the best environmental standards in the region, Sri Lanka may do better to set its sights on less rigorous regulations that it actually can achieve.Despite some of the best environmental standards in the region, Sri Lanka may do better to set its sights on less rigorous regulations that it actually can achieve. […]
Getting Better
The BBB+ (sri) rated People’s Bank has wiped off its negative networth in March, but is still short of Rs. 11 bn to meet minimum capital requirements. The BBB+ (sri) rated People’s Bank has wiped off its negative networth in March, but is still short of Rs. 11 bn to meet minimum capital requirements. Desperate […]
Light Harvest
Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August.Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August. The slender […]
Good Standing
Fitch Ratings Lanka Ltd (FRL) assigns BBB+ (sri) (Triple B plus) national rating for Implied Long-term unsecured Senior Debt of People’s Bank (PB). Fitch Ratings Lanka Ltd (FRL) assigns BBB+ (sri) (Triple B plus) national rating for Implied Long-term unsecured Senior Debt of People’s Bank (PB). BBB+ (sri) long-term rating indicates that there is currently […]
Mr. H
Trade unions in People’s Bank are calling upon members who have been involved in the GoldQuest scheme to come forward and seek their assistance if they are scared to come forward individually.Trade unions in People’s Bank are calling upon members who have been involved in the GoldQuest scheme to come forward and seek their assistance […]
Slow Coach
The term ‘slow coach’ is not a way of poking fun in Sri Lanka – it’s a reality.In some parts of the country the local trains go at five miles per hour.The term ‘slow coach’ is not a way of poking fun in Sri Lanka – it’s a reality. In some parts of the country […]
Ctrl+Alt+Delete
The Central Bank has decided to wind up Pramuka Savings & Development Bank’s operations, following a Monetary Board meeting late Tuesday. The Central Bank has decided to wind up Pramuka Savings & Development Bank’s operations, following a Monetary Board meeting late Tuesday. The Bank has opted for it after carefully studying Asia Capital’s restructuring proposal […]
Gold Dispute 2
GoldQuest International Ltd, have responded to our story titled ‘Gold Dispute’ on the August 02. GoldQuest International Ltd, have responded to our story titled ‘Gold Dispute’ on the August 02. A faxed message from GoldQuest said: “Paragraph one states, ‘Customers of GoldQuest’s controversial network marketing scheme, who have not received gold coins and those whose […]
Speed Dialling
The Telecom Minister says up to 11 operators could be given technology neutral licenses, to clear up a 700,000-customers long waiting list, a bulk of it in rural Sri Lanka.The Telecom Minister says up to 11 operators could be given technology neutral licenses, to clear up a 700,000-customers long waiting list, a bulk of it […]