Gloom Over Glitter
Jewelry Industry is banding together in an effort to add value to products while capitalizing on the image of the Ceylon Sapphire.rnWhile the country has a …
Longer Horizon
The Central Bank will launch its maiden 20-year treasury bond this month with an issue of Rs. 1 bn due on October 20.Superintendent Public Debt Dept, Dharma …
Banyan Shoot
Banyan Tree on Friday picked up its third Sri Lankan leisure venture, taking up a majority holding in John Keells Holdings Beruwala Walk Inn, the parent …
Paradise Calling
Cathay Pacific could add a fifth flight to Sri Lanka, with cargo and passenger numbers picking up. Airline officials here to celebrate 10 years of operations …
Shh’85its floating. Really!
The rupees recent rally against the US dollar is the strongest evidence since April 2002 that Sri Lankas currency is really floating, though reassuring noises …
Indian Ringtone
Sri Lanka Telecom (SLT) signed up with Indias teleco operator Bharat Sanchar Nigam Limited (BSNL) to route its international call traffic through Sri …
Mapping BIA
A top taskforce is in talks with consultancy firms from the US, UK and Malaysia, to draw up bid documents, offering a private stake in the countrys …
Capital Call
Pan Asia Banks shareholders have come through and injected Rs. 100 mn into the bank to top up its capital.The bank called up the balance two rupees due from …
Cash Injection
Ceylon Hospitals Ltd., the owning company of Durdans Hospitals, got stock exchange approval Thursday to raise Rs. 240 mn through an initial public offering. …
Dusting Cobwebs
Kicking of January 2004, state sector employment policies will be rewritten to drill in productivity and efficiency. The US$ 3 million World Bank funded Public …
Dollar Rain
Aid disbursements for this year from the top three lending institutions to Sri Lanka endash the ADB, the World Bank and JBIC, is expected to reach US$ 1 …
Rising COL
The Colombo District Consumer Price Index (CDCPI) for September shrunk 0.4 per cent to 138.9 over August despite the increase in gas, kerosene and cigarette …
Shadow Boxing
According to the draft new law, the authority will have wide ranging powers to audit, investigate and inspect tax files.rnrnThe proposed Sri Lanka Revenue …
Hilton – For Sale
The Treasury on Wednesday confirmed it would sell its 64% stake in Hilton Colombo. The holding company of Hilton Colombo, Hotel Developers (Lanka) Limiteds …
Mobile Edge
Mobitel unveiled its ambitious plans and its new logo that will battle the elements to capture over one million customers before 2005. Mobitel Chairman …
Rating Call
The Central Bank plans to hire Fitch Ratings International to give a sovereign rating for the countrys debt. A sovereign rating serves as an indication of a …
Canal Tours
The immediate land surrounding Colombos canal ways could get a facelift along with a proposed transport project. A team sponsored by Canadian authorities …
Large Hands
HSBC says its Sri Lankan operation has successfully raised funds for the government this year, including a US$ 33 mn long-term loan to develop the Northern …
Knock Knock
The Ceylon Hotels Corp. (CHC) is knocking on the Treasurys door for a Rs. online pharmacy buy diflucan with best prices today in the USA buy flagyl online …
Spot Hopping
For many like Peter Berkley, a lquote visiting consultant on assignment to Sri Lanka, access to the internet meant hooking up his laptop with a phone chord to …