Working Out
A change in the US political scene could result in Sri Lanka losing out on foreign investment that comes in as outsourcing projects like call centers.In-house …
Industry
Local Bound
Local inbound travel operators will have yet another travel distribution system at their disposal to help increase tourist arrivals to a record 600,000 …
Left Alone
The Central Bank left its key short-term rates unchanged on Thursday, but cautioned that a higher than estimated budget deficit, from 6.8 per cent to 7.3 per …
AA Grade
Fitch Ratings upgraded its rating for Bank of Ceylons (BOC) Implied Long-term unsecured Senior Debt to SL AA (S L Double A) from a SL AA- (S L Double A minus), …
Pitching In
Ten flood damaged rural health centres in the Matara district were reopened for patients on Thursday, with a US$18,000 USAID aid injection for …
LIC IPO Soon
Life Insurance Corporation of India is planning to offer a 20 percent stake of its local subsidiary to the public soon.LIC India Managing Director told LBR …
Sailing Off
Colombo Dockyards is sailing off on new business routes to stay comfortably afloat as its shipbuilding and repair operation gets weather trodden. Revenues from …
Potty Business
As a last ditch attempt to preserve dwindling water reserves, the Colombo Municipal Council (CMC) rolls out a pilot project on Thu. to fix a meter on each City …
Landing Trap
In a bid to entice private airlines to fly to Sri Lanka, the Civil Aviation Authority plans to cut landing charges during off-peak hours.This will even out …
Full Marks
Fitch Ratings Lanka on Tuesday re-affirmed the SL AAA (Triple A) national rating assigned for National Savings Banks implied long-term unsecured senior …
Undersea Moves
Sri Lanka Telecom said Tuesday that it is joining 16 global telecom carriers to build a new US$ 500 mn submarine cable network.The submarine cable will span …
Call Transfer
Industry watchers say the move would not shift the local operations strategies as the parent entity- Hutchison Whampoa expects to remain the majority …
City Kit
Dialog GSM is offering immediate connections to its pre-paid customers, who buy their connections from any Cargills Supermarket chain.Sri Lankas largest …
Slow Sailing
The sweep for funding sources to back the proposed South Harbour project will be six months late on account of the ongoing political row. A market survey to …
Bouncing Banks
Sri Lankas top banks emerged stronger in a year of exceptional performance in 2003.Helped by what the Central Bank calls a lquote heroic attempt at fiscal …
Request to Take Off
Local private airline operators based here say they are getting ready to compete with the national carrierrnnext month when a provision in the MOU …
Flight Freedom
SriLankan Airlines will use its lquote Fifth Freedom aviation rights to carry passengers from Cochin in India to the Maldives, in July.Fifth Freedom rights …
Crumbling with Age
Old age is catching up with Sri Lanka but taking it slow and easy in comfortable retirement is just not an option available to this islands 19 million people. …
Sharing Wealth
Hatton National Bank is coming out with an Employee Share Ownership Plan to reward staff and give them a sense of partnership.HNBs Chairman/CEO Rienzie T …
Show and Tell
Sri Lanka is drumming up support for an annual regional export sector exhibition, kicking off its campaign with a 4-day local event in November 2004. A …