Industry

Lost Kitty

Sri Lanka Telecom (SLT) says it has just plugged in a Rs. 60 mn revenue seepage, which was discovered after its new US$ 20 mn billing system kicked in. online …

Fairy Godmother

The Treasury is considering the possibility of taking on the cost of thermal electricity generation to ease the CEBs cash crunch.CEB sources say the Treasury …

Boom Times

The Seylan Merchant Bank (SMB) Groups earnings doubled for the first quarter ending March 31, boosted by its booming leasing portfolio.In results released this …

Hello There

Competition just got louder in the local telecom industry with Indian telco giant VSNL stepping up its operations in Sri Lanka. VSNL on Monday formally …

Clean Deal

Commercial Bank of Ceylon will scrap the commission charged on cheques drawn on its outstation branches starting June 1, 2004.This means that recipients of …

Chef De Plane

SriLankan Airlines Catering will tap the market for US$ 22.5 million to fund its new in-flight catering kitchen in Katunayake. buy tadacip online …

Critical Update

The first in a series of Microsoft organised workshops to upgrade IT awareness in Sri Lanka got off this month. Microsoft Country Manager for Sri Lanka Sriyan …

Mind Your Manners

The Labour Minister will start a workers trade union school to change attitudes of employers and employees to foster better working relations.Sri Lanka lost …

Comfort Zone

Leasing specialist, Ceylease Financial Services, has secured a BBB-(sri) national rating for its long term senior debt, from Fitch Ratings Lanka.A BBB-(sri) or …

Seamless Exit

Emirates, the Dubai-based international airline, rolled out its new global electronic ticketing system last week, ushering in coupon-free travel to and from …

Pyramid Warning

The Sri Lanka Banks Association (SLBA) warned the public not to invest in get-rich-quick pyramid schemes, which may result in losses.Pyramid schemes are money …

Changing Winds

Shifting its revenue balance away from interest-income, Seylan Bank will introduce new fee-based products to its current product offer. SeyLink, its version of …

Running Late

The government component in the proposed Colombo South Harbour projects has propelled to about US$ 300 million from around US$ 220 million quoted earlier.The …

Distant Lights

Light House Hotel is hoping to double its earnings for the current financial, though somewhat restrained by limitations in room capacity, a broker report …

Upside Down

The government is taking a second look at the labour retrenchment package due to stiff opposition from unions and employers, a top minister said.The previous …

Steady Walk

A growth in fee-based income and faster recoveries helped the Bank of Ceylon double its bottomline for the quarter ending March 31, 2004.The state-run banks …

Staying On Top

Management experts say the rapidly changing business environment is pushing organizations to constantly restructure to stay ahead.Companies in Sri Lanka they …

Shuffling The Pack

SriLankan Airlines is pushing to expand its portfolio through fifth freedom rights to Nepal and Bangladesh, while keeping a close tab on rising jet fuel …

Foreign Call

Indian IT services giant Videsh Sanchara Nigam Ltd (VSNL) is finalising its service offer for Sri Lanka, with initial plans to push out an international …

Open Minds

Human resource (HR) personnel need to come out of the box and integrate more to improve corporate performance, says three of Sri Lankas leading businessmen. …