Bad Luck
The Mahapola Trust Fund and GTECH filed a counter case in courts Tuesday to fight a fundamental rights petition against the launch of its online lottery. The …
Checkmate
Moves by DFCC Bank to invest in National Wealth Corp. were put on hold following defamatory reports by the state media on Tuesday.NatWealth, which is a fully …
Socially Accountable
The Institute of Chartered Accountants of Sri Lanka (ICASL) - the countrys auditing standard setting body - is trying to lift the countrys accounting standards …
Maximum Credit
Standard Chartered will leverage Commercial Banks nationwide branch network to sustain growth in its credit card business. rnrnThe deal will allow Standard …
Travel Allowance
Travel exchange specialist Travelex will scale up operation in Sri Lanka to tap into the potential of the peace fueled growth in tourism.Sri Lanka is part of …
Overseas Banking
Sri Lanka Export Credit Insurance Corporation (SLECIC) is in talks with a Russian bank, to promote financing of Russian importers of local goods.The company …
Changing Heads
Hatton National Bank has appointed Rienzie Wijetilleke as new Chairman of the Bank. Wijetilleke will continue as Managing Director. online pharmacy buy …
Calling Colombo
The HSBC Group on Friday finalized plans to pump in US$ 25 mn to set up its seventh group service centre in Sri Lanka, generating over 2000 jobs.The call …
Sugar Free
The UNF threatened to reduce import duties on commodities, starting with sugar, if local traders start hoarding goods to increase prices.rnThe import duty on …
Redialing
The telecom watchdog is taking a second look at the controversial Caller Party Pays (CPP) tariffs, this time taking account of its implications to phone …
Seeing Red
The Marxist Janatha Vimukthi Peramuna (JVP) is marrying its past with the present, to give the party its first significant political victory next …
Super Power
The Supreme Court sought time till March 29, to give President Chandrika Kumaratunga an opinion on the controversial tax amnesty law.President Kumaratunga had …
Hot Chip
Intel Expanded its product offer in Sri Lanka as it faces growing demand for its processors from the state and private sector and a growing population of …
Target Practice
Despite an independent police commission in place, local officers continue to harass and torture innocent victims, the Asian Legal Resource Centre (ALRC) said …
Green Eye
Denying news reports of supporting a split in the Tamil Tigers, the United States on Wed. pledged US$ 600,000 in assistance to help election monitoring …
Oven Fresh
In 1912, one man with a life savings of 75 cents turned a tea kiosk into one of the largest biscuit manufacturers in the country. With a third generation at …
Trouble?
Tamil Tiger guerrillas have begun pouring fighters along a district border in northeastern Sri Lanka, heightening fears of a showdown with renegades, the rival …
Unfinished Business
The United National Party says it is seeking a 130-seat majority in parliament to continue its program based on a strong peace platform.UNP says its work …
Second Airport
More than 30 international airport developers have shown initial interest in building and perhaps taking a stake in a new international airport in the south of …
Baddegama II
Last year alone, severe drought and floods hit the Southern Sri Lanka alternatively leaving many families homeless and poor.rnBut for the villages in the …