Alternative Current
The Ceylon Electricity Board (CEB) is likely to develop the 40 MW Broadlands hydro power plant instead of allowing a private company to do it as planned …
On Hold
Capital market regulator SEC is holding back approval of Nawaloka Hospital IPO over the company decision to pre-allocate two thirds of the issue.SEC Director …
Close Tabs
The insurance watchdog is seeking Finance Ministry approval to start a dedicated insurance supervision division.Presently, the Insurance Board of Sri Lanka …
Dumping Point
The Ministry of Environment is looking at introducing a new system to manage the disposal of environmentally dangerous electronic items like computers and …
No Attachments
The Rs. 1bn will be allocated as an outright grant for rehabilitation and reconstruction in 2004, Niranjan Deva Aditya EU Parliamentarian said in a statement …
Cherry Picking
Peoples Banks restructuring committee is likely to be choosy in its search for a strategic partner who will inject capital to the bank.ldblquote It wont be an …
Brick Hunt
rnrnrnrnrnrnNew Page 1rnrnrnrnrnThernbulk of state housing banks shares are held with the National HousingrnDevelopment Authority.rnldblquote Theyrnown around …
Good Job
The Ministry of Labour announced on Thursday, that over 2,500 unemployed graduates are assured of permanent employment within the private sector under its …
Recall
The telecom watchdogs case against Mobitel will be resummoned January 12, allowing the cellular operator to make further submission to the Fort Magistrates …
Flat Rates
Treasury bill yields remained flat on Wed. amidst speculation that that the Central Bank is unlikely to tinker with its short-term interest rates on …
No Surprises
The Central Bank left its key short-term rates unchanged on Thursday, signalling that it was comfortable with the country quote s economic fundamentals. The …
First Steps
The first steps in a million dollar deal to link small and medium entrepreneurs with European markets got off the ground late Wednesday.Initiated by European …
First Lessons
The Treasury, this week plans on giving its first lesson to educate state research and regulatory bodies on how to present their financial statements.A number …
Parental Consent
Sri Lanka Telecoms board on Wed. gave its blessings to acquire wireless local loop operator Lanka Bell.The dominant fixed line operator declined to name the …
Interesting Option
Peoples Bank says it will consider lowering interest rates on some Rs. 12 billion outstanding from the Ceylon Electricity Board, if a proposed …
Worthy Cause
The local business community is joining country musicians from two continents next month, to raise funds for three-rural schools in Hambantota.Back in a new …
New Insights
Armed with four of the best, a newcomer research company is preparing to catapult Sri Lanka into 21-century number crunching. Independent Research, the local …
Labour Of Love
Sri Lanka and Malaysia on Tuesday inked a special pact to allow more blue-collar Sri Lankan workers find employment in Malaysia. The two countries signed a …
New Blood
Merchant Bank of Sri Lanka is tapping the local debt market to raise up to Rs. 200 mn to fuel its expansion programme.rnrnrnrnrnrnNew Page …
Spending Spree
Commercial Banks Automated Teller Machine (ATM) network disbursed a record Rs 300 million over the three-day weekend in December, the bank said this week. …