Virtual Money
The World Bank on Thursday signed a US$ 53 million deal with the Republic of Sri Lanka, funds to back its island-wide Information and Communications Technology …
Industry
Hunger Pangs
TNT employees around the world will take to the roads on Sunday, to raise awareness and funds against world hunger.TNT International Express employees in 64 …
Road Block
Open bids to be called for in June to build the Colombo-Katunayake Highway are on hold, as the government tries to jumpstart the process with former contractor …
Local Anesthesia
Sri Lankas roads are crying out for some serious medicine, but the Highways Ministry is tending the road network with sticking plasters, since it cant afford …
Under the Wing
Eagle Insurance paid some Rs. 145 mn for International Finance Corporations (IFC) 15 per cent stake in Union Assurance, in a deal that went through the Colombo …
Community Support
ADB will help restore basic social infrastructure and community services in conflict-affected northern and eastern regions of Sri Lanka, through a US$10 …
Wrong Call
A truce between Tiger rebels and troops has helped Sri Lanka recover its reputation as a tourist paradise, but the halt in hostilities has triggered a battle …
Tourism Spin
Spin wizard Murali is spinning more than the ball for Sri Lanka, turning more Austrailian tourists here to watch him turn it on local wickets, says the Tourist …
Value Addition
Do quality certification programmes bring tangible improvements to businesses?This is one key aspect that a new certification services company in Sri Lanka …
Lets Roll
Sri Lanka and Thailand have agreed to liberalise their air services by giving each other lquote fifth freedom rights for their respective designated …
Lost In Translation
For instance, a simple and direct translation in Sinhalese for ldblquote save dblquote means rescue, while there is no commonly used local term for …
Smoke Screen
Sri Lanka was considering bringing back heavy taxes to discourage foreign ownership of land amid a surge in the sale of beach property to non-nationals, a …
Long Beep
Fixed line operator Suntel plans to infuse US$ 20 mn this year, to roll out its network islandwide.The wireless local loop operator has sought the telecom …
Street Hawkers
Sri Lankas corporates are jostling each other to come out into the sunshine thanks to the digital revolution jumping the local advertising industry. Its not a …
Inside Lanka
Chipmaker Intel setup shop here this week, apart from the obvious reason of taping into the sales potential in the island, to standardize wireless technologies …
IT Global
Sri Lankas IT industry is surging ahead and on Tuesday another key player launched operations in Colombo, adding one more link to the backward integration …
Catching The Bus
Sri Lankas mass transport system driven by private and public busses and vans are a public menace killing around 500 people on average every year.rnrnThe …
Disclosure Regulation
A former securities regulator is calling on authorities to mount a public education campaign to increase awareness about pyramid schemes.Central Bank has …
Line Master
Delays in appointing a Commission to the telecom watchdog is holding up Suntels next phase of network expansion. Costs per line are estimated to tumble down to …
Customs Fraud
The Customs Department investigators are probing whether Gold Quest customers defrauded the state of revenue, by undervalueing imported Gold coins to the …