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Nawaloka Hospitals says it is forced to nurse a Rs. 85 mn in debt and interest payments as its initial share issue gets delayed due to political theatrics. …
Nawaloka Hospitals says it is forced to nurse a Rs. 85 mn in debt and interest payments as its initial share issue gets delayed due to political theatrics. …
Floatplane operations are back in the skies and with expanded coverage after the National Security Council clipped its wings for a short period.ldblquote The …
SriLankan Airlines air taxi service, called SriLankan Air Taxi, which took off in December 2003, has added two more destinations to its network. rnrnThe air …
DFCC Bank saw a 16 percent rise in net profits for the nine months ending Dec. 2003, largely aided by falling interest rates and revenues from its associated …
Sitting fifteen floors up at the World Trade Centre (WTC) in Colombo, 350 new IT professionals will reap inspiration to develop solutions for Virtusas …
A sophisticated yet low cost real time on-line money transfer facility has been launched by Commercial Bank of Ceylon, enabling Sri Lankan expatriates to make …
The United States will float its new foreign aid agency - Millennium Challenge Corporation, in May this year, offering conditional aid for 60 of the poorest …
Consultancy firm KPMG Ford Rhodes have been picked as financial advisors to help privatise the Bandaranaike International Airport.The firm will advise the …
Indian telco giant, Videsh Sanchara Nigam Ltd (VSNL) has started routing traffic to Colombo, becoming the first to effectively compete with Sri Lanka Telecom …
The Bandaranaike International Airport re-opened on Thursday morning after temporary shutting down for nearly 10-hours, following a Russian cargo plane crash …
Succumbing to heavy lobbying from the leasing industry, the Finance Minister on Tuesday allowed certain bus owners to be exempted from paying 15 percent value …
Sri Lankas long-awaited sovereign rating has fallen victim to the ongoing political drama, with authorities opting to put the brakes on the issue once …
Plans to set up a common financial watchdog to regulate all deposit taking institutions, moved another step with international donors coming forward to fund …
Cellular operator Dialog GSM said Monday it has become the first in Sri Lanka to commercially offer high-speed data service, starting with customers in the …
Finance Minister K N Choksy has pledged his support to the current efforts to restructure Pramuka Bank. The minister sent a handwritten letter to a depositors …
The governments deadline to set up a port regulator is due in August 2004, with only a draft bill to govern the industry available so far.The regulator was due …
State Bank of India plans to aggressively expand local operations.The bank is planning a branch in Kandy as the first step in expansion plans to get a wider …
SL A+ long term rating denotes a low expectation of credit risk. The capacity for timely payment of financial commitments is considered strong. rnrnldblquote …
The World Bank says it is critical Sri Lanka enacts the new Public Finance Bill that is in the works, to increase public scrutiny over the state purse.In a …
Sri Lanka Telecom (SLT) diversified its business interests further, opening an internet data center (IDC) in Colombo. The SLTiDC will offer a range of data …