SriLankan airlines in bid to ground rising fuel expenditure
Despite various cost cutting initiatives adopted
by the global airline industry airlines are struggling to minimise
losses caused by skyrocketing oil prices. With the annual industry
fuel bill expected to touch US$ 112 billion in 2006 airlines
globally are adopting fuel risk management strategies and fuel
efficiency programs to stay ahead of increasing fuel prices.
Central Bank keeps interest rates steady
The Monetary Board at its meeting held on August
15 decided to maintain the policy interest rates of the Central Bank
at their current levels and to continue with the conduct of open
market operations to decelerate the monetary expansion to the
'Resolving education mismatch - a challenge facing Lanka'
'Sri Lankan labour market is not fully
geared to meet the future global market demand and there is an
education mismatch that has to be addressed soon,' Director General
Board of Investment Prof. Lakshman Watawala said.