Mismatch
Total revenue for the period Jan-Apr fell three percent to Rs. 91.7 bn while overall expenditure jumped 33 percent to Rs. 121.0 bn, the Finance Minister Dr. …
Industry
Upping It
The Central Bank says it hopes to raise up to US$ 400 mn in bonds shortly, to bridge the budget deficit and ease the pressure on the local debt market.The bank …
Nomad Cell
Mobitel will tap the telecom watchdogs payphone subsidy to rollout call boxes in the Sri Lankan outback using ACeS satellite connections. The Sri Lanka Telecom …
Masala Recipe
Experts from Indian Bank are flying in next month to help out with giving alternate proposals to revamp the technically insolvent Peoples Bank.The Indian bank …
Piggy Bank
The Chartered Institute of Management Accountants (CIMA) Sri Lanka will roll out a student loan scheme for the first time, covering the entire cost of tuition …
Quick Cash
Commercial Bank of Ceylon has tied up with Xpress Money, to provide Lankan expatriates facilities to transfer funds to Sri Lanka instantly. With this …
Who Did It?
A major fire broke out at the government Printers Dept., late Saturday, and officials are not sure if its an accident or sabotage. buy naprosyn online …
Purring Off
Lion Air is swapping its large Avro aircraft for a smaller Shorts plane as it scrambles to stay afloat amidst falling passenger numbers.The airline presently …
Harvesting Time
Sri Lanka Telecom Ltd. may reap substantially higher revenue if an international call routing agreement with Indias Bharat Sanchar Nigam Ltd. takes effect, …
Chug Chug
The Transport Ministry is going on reverse gear, repelling the Railways Authority Act and replacing it with fresh legislation.Transport Minister Felix Perera …
Pricey Jam
Traffic jams in and around Colombo are not just driving people insane with frustration; its costing the country a thumping Rs 20 bn a year.ldblquote The …
Talk Shop
Insurance consultant Chandra Fernando thought very little when he signed up for a Dialog GSM connection on March 30, 1995.The 54 year old Fernando recounts …
Repair Job
Local transport authorities want to scrap the current system of private mass transport for a more service oriented and easy to monitor system. The National …
Mobile Mania
With taxes slashed and handsets smuggled in, Sri Lanka is becoming a mobile phone paradise where even the islands prisons are awash with cell phones.With the …
Blowing Cold
Is South Asia actually heading towards an area of free trade or towards free floating discussions for a never never land?SARRCs committee of experts met for a …
Jetting Off
Jet Airways Ltd., Indias second- biggest domestic airline by fleet size, said its in talks to sell a stake to potential investors to raise funds to expand. …
Seat Dump
SriLankan Airlines, which plans to add around half a dozen aircraft to its fleet over the next year, says subsidized carriers are dumping seats to the …
Forest Fog
Developing countries like Sri Lanka exploit natural resources to grow exports that help pay off foreign debt.Encroachment of forests like Sinharaja by tea …
Watch Out
The Central Bank came out strongly against pyramid style investments, warning public not to park their savings in quick money making schemes.rnrnrnThe banks …
Growing Wings
National carrier SriLankan Airlines threw the gauntlet at the hotel industry, saying it was ready to broad base into up-market leisure hotels if local industry …