Backup Power
Sri Lanka's monopoly power utility was scrambling to restore power late Monday evening after two transmission lines tripped causing an islandwide blackout. …
Industry
Soaring High
Major airlines face greater losses than last year because of the ongoing surge in oil prices, the main industry association warned Monday as it forecast total …
Shiver me Timers
Sri Lankan shippers say the Colombo port is getting too expensive, eroding any cost competitiveness they have for their products in the international market. …
Darkness @ Noon
Monopoly electricity supplier Ceylon Electricity Board (CEB) has reported a record loss for last year and said it would face a severe cash crisis this month …
People Power
People’s Bank said last year’s profits beat targets set in its restructuring plan despite increasing pressure on margins and higher provision for staff …
Big Mama
Treasury Secretary says the country’s risk-averse banking sector has failed to assist entrepreneurs especially in the small and medium sector. buy zithromax …
Doctor Says
Public health experts say ‘the right to health’ is unaffordable for Sri Lanka because the government health service can’t afford to pay damages if more …
Short Circuit
The District Court set a May 3 date to decide on the telco industry’s case against the ICT Agency’s rural telecom licensing process. online pharmacy buy …
Abracadabra
State-run People's Bank is counting on an asset revaluation plus a Rs. 8 bn cash injection from the Asian Development Bank to stay afloat in the coming years. …
Top Insurer
The Insurance Board of Sri Lanka has posted Lasinee Seresinhe as it new Director General. online pharmacy buy strattera with best prices today in the USA …
Millennium Challenge Corporation of US asks Sri Lanka to whip its economy into shape
Mar 31, 2005 (LBO) - The Millennium Challenge Corporation has asked Sri Lanka to whip its economic plan into suitable shape to access funds in its US$ 1 bn …
Looking East
Sri Lanka is hoping to attract more Chinese tourists to the tsunami-hit island with the introduction of direct air services to Beijing, a top official said …
Invisible Lines
Three months on from the tsunami, the island's surveyors are finding that their maps dating back to the 1930s are just not enough to assess the damage to the …
Second Window
The Commercial Bank of Ceylon has extended its reach in Bangladesh with the opening of a branch at the Bangladesh Export Processing Zone Authority (BEPZA) …
Fee Offer
Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on …
Single Window
The birth of new financial services powerhouse that seeks to take capital-related activities to a new paradigm and across national borders, was announced today …
Cross Purposes
Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the …
Hello!
Telecom operator Suntel Ltd is rolling out a US$ 60 mn expansion plan over the next three years, after clinching a slot in the 800 Mhz bandwidth recently, …
Pension Plans
Over 3000 employees from the three state banks and the Central Bank want the government to reintroduce an employer contributed pension scheme. online pharmacy …
Water Tight
An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn allocation by the bank to build a new port to the south of the Colombo …