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 …
Industry
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 …
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 …
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 …
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 …
Risk Return
In its strategy to concentrate its resources to grow its core competencies, the John Keells Group is outsourcing its entire insurance portfolio to Delmege …
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 …
Small Change
Putting its money where the community level work is, the World Bank today doled out Rs. 4 mn to enhance the work of eight non-governmental organisations …
Leg Up
Travel Agencies in Sri Lanka can now book travel on Jetstar Airways, Australias new low-cost domestic carrier, following an agreement between the airline and …
Disclosure
Sri Lanka was rated 3.5 on ten by top rating agency Dun & Bradstreet for willingness of its companies to disclose information.Amidst state politics and a …
Making Up
Commercial banks returning from a long holiday week soaked up the excess cash in the banking system, pushing up inter-bank interest rates. The inter-bank …
Steady Beat
Sri Lanka Insurance Corp., clinched a AA-(sri) (AA minus) national insurer financial strength rating from Fitch Ratings Lanka, becoming the first insurer to do …
Different Route
An action plan to clean up the local transport mess is lined up for Cabinet approval but private bus owners, currently paying up over million rupees a month as …
Smart Hutchison
Hutchison telecom says their local operation will connect an additional one hundred thousand customers to their GSM network when its commercially launched …
The Big Two
Banking giant HSBC says emerging markets like India and China could change the way banking is done in Asia. A top regional CEO from the bank said the influence …
Back To Work
Striking flight attendants at Sri Lankas national carrier SriLankan Airlines announced they had ended a work stoppage that forced the airline to ground flights …
Scoring Points
Sri Lanka has made it to a list of 15 countries eligible for aid this year from the newly formed US Millennium Challenge Corporation (MCC). "Sri Lanka was …
Spring Cleaning
Fitch Ratings Lanka Limited has revised symbols used to communicate its national ratings in Sri Lanka, in order to achieve greater consistency with the rating …
Wings Clipped
A strike by flight attendants over a pay row delayed several SriLankan Airlines flights and stranded passengers Friday, airport officials said.rnThere was no …
Second Wicket
Lanka Rating, Sri Lankas second credit rating agency, opens shop later this month, after securing regulatory approval.Local capital markets are in a nascent …