Blank Cheques
Telecom operators are holding back on June payment to the telecom development fund (TDF) after Sri Lanka Telecom held back payments for some 18 month. buy …
Industry
Travelling Light
Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through Dubai. …
Setting Sail
Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral …
Poor Performance
Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily accessible. …
Learning Facts
The tertiary education system in the country got a much-needed financial push for development with a US$ 60 million grant from the World Bank. The tertiary …
Lending for SriLankan
A consortium of local banks sealed a deal with SriLankan Airlines for a full dollar loan of US$ 22.5 million this week. A consortium of local banks sealed a …
Off the Track
The government this week agreed to acquire fifteen new diesel engines and 100 coaches to help improve the Railway Authority’s commuter service. buy vilitra …
Level Ground
The District Court on Friday vacated an interim injunction against the ICTA, but the agency is still bounded by an injunction by the Appeals Court. buy …
On A Platter
SriLankan Catering, a subsidiary of SriLankan Airlines on Thursday inked a deal to borrow US$ 22.5 million from a consortium of local banks to build a new …
German Help
Germany has extended two loans worth 20 million euros each to Sri Lanka to be utilized for long-term investments by private sector companies, the Finance …
Flight Trouble
SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire. …
US gives US$ 20,000 to restore Matara monuments
The United States will spend US$ 20,000 to restore historical sites in Galle and Matara, including the Dutch Fort that took a beating from last December’s …
Fresh Draft
The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints. …
Reserve Power
The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six months, even as unions relent on a new reform …
Hubbub for Sri Lanka’s financial hub
Sri Lanka's main financial centre near the president's official residence was declared a high security zone as the opposition today led an unprecedented march …
Phew!!!
Apparels exported to the European Union got duty free access from this month but the industry doesn't expect an immediate spike in volumes due to other …
Sharing Grief
Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said it could …
Quick Jab
Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. Sri Lanka has secured US$ …
Watch Out
Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two nations, but hoped …
Disney Channel
Sri Lanka's main tsunami relief agency today claimed progress in building "transitional shelter," but their figures showed that at least 11,500 houses had …