Coming Clean
Seylan Merchant Bank Limited (SMB) has reported satisfactory growth in its financial results for the first half of 2003.In results released this week, SMB …
Card Games
Fast emerging as a serious player in the local banking segment, Nations Trust Bank on Tuesday launched its own credit card, to add muscle to its growing …
Firewall
Regional Heads of WIPO (World Intellectual Property Organisation) are attending a two day workshop starting Tuesday to draw an outline for the Organisations …
War Spoils
The government is rolling out a series of rural road development and electrification projects as it starts spending the lquote peace dividends, of a 19-month …
Spring Cleaning
The Commercial Bank of Ceylon Ltd., reported a group pre-tax profit of Rs. 936.9 million for the first half of 2003, an increase of Rs 101.6 million or 12.15 …
New Lease
Readywear Industries and subsidiary United Motors drove into the leasing sector on Monday looking for a three per cent market share by March 2004. Orient …
Changing Faces
The Tourist Board says visitors need to take away a piece of their experience in Sri Lanka when visiting the vast attractions the island has to offer. …
Freeway Ahead
The countrys investment promotion agency has signed up external consultants to help kick start the Colombo-Katunayake expressway project.The consultants will …
Dead End
Government is going to wind up the operations of a state owned road construction firm in a bid to encourage private sector competition.Road Construction and …
IFC Support
The private sector financing arm of the World Bank says it will stand by to support the Peoples Bank, when the government privatises the state banking …
Cabnapped
Taxi fares have been falling rapidly even as associated costs like fuel, telephone and vehicle prices have rocketed. Take look at a typical Colombo wall with …
Controlling Ringtones
The telecom watchdog TRC gave Sri Lanka Telecom (SLT) permission to fully own a mobile services provider under condition that all transactions are done at arms …
Low Key
State run Bank of Ceylon is talking to a potential investor to sell off a bulk of its Pakistani branch operations.Sources said Dawood Bank Ltd has agreed to …
First Steps
Pakistani based Union Bank Ltd plans to pump in over Rs. 250 mn to its newly acquired Sri Lankan operation.The bank made its maiden foray into the …
Weaving Houses
Singapores Shing Kwan Group, Overseas Realty Ceylons key shareholders, on Friday signed up to develop the former Wellawatte Spinning Mills site.In a statement, …
Good Marks
The ADB on Friday revised its export growth targets for 2003 upwards to 10 percent from an earlier 6 percent, but warned of power shortages eating into early …
Road Talk
The Malaysian government is in talks to fund the Rs.30 bn Colombo-Kandy Highway, on a Build, Own and Transfer basis (BOT), starting 2005. buy stendra online …
Safe Options
IBM says upto 80 per cent of IT related expenses were on maintenance and repairs after the initial purchase, leaving only a 20 per cent of spend on hardware …
Cess Less
The Tariff Advisory Council (TAC) says that the import cess charged on luxury goods, should not be channelled towards the Export Development Board (EDB). The …
Airport Express
Road Development Authority says concession documents for the Colombo endash Katunayake Expressway project will be ready in 16 weeks.PriceWaterhouseCoopers and …