Category: Industry
In Transition
The state-owned power monopoly is evaluating a proposal by NatWealth Corp.to help restructure nearly Rs. 20.0 bn of its debts. The state-owned power monopoly is evaluating a proposal by NatWealth Corp. to help restructure nearly Rs. 20.0 bn of its debts. The long-term debt stock, carries varying rates of interest between 10 percent to 13 […]
Flight Schedule
A US mission is due in August, exploring financing opportunities in civil aviation, after state requests to look at plans for a second runway and upgrade domestic airports.A US mission is due in August, exploring financing opportunities in civil aviation, after state requests to look at plans for a second runway and upgrade domestic airports. […]
Eating Words
Ending months of denial and suspense, the government raised petrol prices by Rs. 8.00 with effect from midnight Friday Ending months of denial and suspense, the government raised petrol prices by Rs.8.00 with effect from midnight Friday Petrol at the pump would now cost Rs.65.00 per litre. But the government shot down a suggestion by […]
Standard Practice
Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. He said that unlimited amounts of subsidies were not […]
Biscuit Treat
The corporate sector took a whacking, as state educationists say they need more than the right noises and more private sector involvement to provide services in rural schools.The corporate sector took a whacking, as state educationists say they need more than the right noises and more private sector involvement to provide services in rural schools. […]
Security Agenda
Ports and Aviation Minister Mangala Samaraweera will tackle enforcement of several security deals with the US while in Washington this week.Ports and Aviation Minister Mangala Samaraweera will tackle enforcement of several security deals with the US while in Washington this week. The Minister is on a five-day visit to Washington to attend the International Summit […]
Troubled Oil
State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers to absorb the shock.State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers […]
Open Call
The telecom industry could see a major shift in policy, with the Minister hinting of a technology neutralized licensing regime. The telecom industry could see a major shift in policy, with the Minister hinting of a technology neutralized licensing regime. Post & Telecommunication Minister D M U Jayaratner told reporters in Colombo on Monday an […]
Rural Call
The Telecom Ministry is revisiting a two year old proposal that was tied to the External Gateway Operator licences, requiring license holders to cough up part of their billing to fund rural communication infrastructure.The Telecom Ministry is revisiting a two year old proposal that was tied to the External Gateway Operator licences, requiring license holders […]
Acting Responsible
The Employers Federation of Ceylon (EFC) is adding its weight to the Corporate Social Responsibility (CSR) movement in Sri Lanka.The EFC – Sri Lankas only trade union of employers – is the latest corporate big-gun to jump the CSR bandwagon.rn rnThe concept is gaining momentum in Sri Lanka with international agencies and local trade chambers […]
Tax Reverse
Attempts to recover taxes for which amnesty has been given could erode confidence in policy but not result in any significant recovery of lost taxes according to experts.Attempts to recover taxes for which amnesty has been given could erode confidence in policy but not result in any significant recovery of lost taxes according to experts. […]
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The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. Sprawled over 23 acre patch of jungle with a beach frontage on the […]