Industry

Calling Colombo

The HSBC Group on Friday finalized plans to pump in US$ 25 mn to set up its seventh group service centre in Sri Lanka, generating over 2000 jobs.The call …

Overseas Banking

Sri Lanka Export Credit Insurance Corporation (SLECIC) is in talks with a Russian bank, to promote financing of Russian importers of local goods.The company …

Redialing

The telecom watchdog is taking a second look at the controversial Caller Party Pays (CPP) tariffs, this time taking account of its implications to phone …

Hot Chip

Intel Expanded its product offer in Sri Lanka as it faces growing demand for its processors from the state and private sector and a growing population of …

Second Airport

More than 30 international airport developers have shown initial interest in building and perhaps taking a stake in a new international airport in the south of …

Guessing Game

Sri Lanka has made it to the list of developing countries selected for concessional funds under the US governments Millennium Challenge Corporation (MCC).The …

Quick Jump

Union Assurance Ltd said Thursday its net profits have nearly doubled on renewed business sentiment in the overall insurance market.Its consolidate net profits …

Spadework

Sri Lanka Telecom said it was pumping Rs. 600 mn to float a fully owned subsidiary endash Telecom City (Pvt) Ltd. online pharmacy buy diflucan with best prices …

Funding Live

Standard Chartered Bank said on Wednesday that it was the lead arranger to a US$ 86 mn seven-year syndicated loan facility to fund Mobitel (Pvt) Ltd.s …

Not Fair

Sampath Bank chief has rapped authorities for continuing to look at financial instruments as a convenient source of raising revenue.The banking sector …

Play Phone

Mauj, an Indian based mobile content provider made its first foray into the local market, launching a Java based cricket game for mobiles. However, the game …

Standing Up

Transparency International, an NGO that fights corruption worldwide says the country needs to make lquote abuse of public resources during elections a criminal …

Number Crunching

Sri Lankas national accounting body is pumping more money into spreading the gospel of good accounting practices throughout the country.The Institute of …

Roads End

All assets of state owned construction firm Road Construction and Development Company (RCDC) is to be packaged and sold off following its shut down last year. …

Good Recovery

Recoveries and defaulters turning a new leaf in good economic conditions drove Bank of Ceylons profits up in 2003, though a gap in its pension fund is dragging …

Fund Raising

Distilleries recent inter-company share transfers are to retire its over Rs. 3 billion debt acquired when buying Sri Lanka Insurance Corp. online pharmacy buy …

Bateys Music

Making its music, Sri Lanka will have its first annual drum festival in September, showcasing local drummers and from far a-field as Africa and South …

Under Way

While Sri Lankas impoverished national railway struggles to make ends meet above ground, prospects are under evaluation to build a new rail network underground …

Collect Call

Telecom operator Suntel has seen its earnings jump 305 percent to Rs. 505 mn, though revenues were flat at Rs.buy dapoxetine online buy dapoxetine online no …

Be Generous

Commercial Bank of Ceylon is in talks with its Unions to ask them to contribute part of their earnings towards a bank pension schemeInitial discussions made …