Industry

On Loan

The External Resources Dept., is negotiating with Japanese funding agencies for a fresh US$ 85 mn credit line for the small and medium scale industry.online …

Bussing It

An action plan to re-haul bus transport and enforce regulation on a decentralised, largely out-of-control sector, is being rolled out by the National Transport …

Cooling Summer

The Connaissance Group is to make the best of the hot weather, enticing outbound Indian travellers with a summer promotion at its hotels.The Group is targeting …

New Feather

Sri Lanka has been selected to the 34 member Inter-governmental Group of Experts on International Standards of Accounting & Reporting (ISAR) at a recent UN …

Very Bad

Central Bank on Wednesday issued a fresh warning against unauthorised deposit taking, as the public continued to chase after higher return for their savings. …

Talent Spotting

Venture capitalist, Aureos Lanka Advisers, has launched a US$ 10 mn fund to invest in ongoing projects in Sri Lanka and Bangladesh.Formerly known as Ajoyana …

City Life

Chinese millionaire Tao Shing Pee is 88, but his more than half-a-life-time love affair in tropical Sri Lanka is still going strong endash in fact Tao is …

Password Protected

Do you have the four-digit PIN code for your ATM or the password to your mail account? Do your know who else has it? Hackers and freely available password …

Right Practice

The CIMA Division Sri Lanka will host its annual conference next week, showcasing success stories of companies that have leveraged best practices to make a …

Mixed Blessings

Emirates Airlines on Monday announced a fuel surcharge on airline tickets purchased from selected markets, including Sri Lanka.Passengers buying tickets from …

Ms. Nurse

The Ministry of Health hired 2,000 new nurses on Monday to ease pressure on public sector demand for trained nursing staff. The country has around 16,000 …

Travel Brews

The idea of a lquote tea resort is growing within Watawala Plantations, to entice high-spending tourists to have a hands-on experience in tea making.Upto 15% …

Study Hall

The Institute of Personnel Management (IPM) is trying to leverage growing local and regional interest in people management to position Sri Lanka as a human …

Interesting News

Commercial Bank of Ceylon saw its earnings take a dip during the first quarter of 2004, largely due to losses from its primary dealer subsidiary and higher …

Achilles Heel

Sri Lanka Telecom plans to send out the backlog of customer bills from the end of this month, but subscribers will be billed on a shorter cycle.SLTs new US$ 20 …

Fire Fire!

The Insurance Board of Sri Lanka (IBSL) is studying the Sri Lankan industry and international practices to modernize and reform the insurance regulatory …

Profit Centre

Moving ever closer to a long proposed IPO, Software solutions developer Virtusa Corporation recently completed its Series D round of financing, securing US $20 …

Jetlag

Tough competition from bus services plying the North and East routes and the expected slowdown in the number of Sri Lankan expatriates returning to catch a …

Spoilt Brats

The latest threat to Colombos privileged is small, pesky and deadly. Municipal authorities reveal that Colombo citys better off are under attack by dengue …

Thumb Tags

Sri Lankans applying to enter the US will be electronically fingerprinted with effect Wednesday, as the US toughens security laws at its embassies and …