Building Bubble
A new 210 unit, 21 floor apartment complex is in the making under a Rs. 5 bn Board of Investment (BOI) venture between Hong Kong based Sunshine (Far East) Ltd. …
Industry
Spending Spree
Commercial Banks Automated Teller Machine (ATM) network disbursed a record Rs 300 million over the three-day weekend in December, the bank said this week. …
Bird Business
A top Sri Lankan bird study group is riding the slipstream of seasonal trends to create awareness and fund their research and conservation efforts.rnrn …
Straight Run
Initial bid papers for the Colombo Katunayake toll road will be on offer in two weeks, with an annuity based financial model for prospective investors, also …
Via Colombo
Middle East based airline, Qatar Airways says it will fly via Colombo on its way to Australia, picking up Indian tourists to fill up its flights. Flights to …
Re-engineering
The Public Enterprises Reform Commission (PERC) on Wednesday said it would call on prospective investors to stake their claim in State Engineering Corp., (SEC) …
No Problem
The first test run of the Central Banks Scripless Securities Settlement System (SSSS) went thought without a hitch on Tuesday.The first set of firms …
Cloud No. 9
Dubai based Emirates Airlines will invest US$ 1.8 bn into glamorising its new fleet of Airbus 340-500s as it revamps its long-haul flights.The service began …
Flight Delay
Friction between the President and the Premier has pushed back a December deadline to offer private investors a stake in the Bandaranaike International …
Calling Bell
Sri Lanka Telecoms efforts to take over Lanka Bell got delayed by over a week, but the incumbent operators team negotiating the deal say they have secured …
Get Closer
In a statement late Friday, the Sri Lanka Accounting & Auditing Standards Monitoring Board (SLAAMB) says the Ceylon Theatres Group failed to consolidate Lanka …
Alternative Routes
Software giant Microsoft, is setting up a fully-fledged local arm to offer products at discount rates and to set up a development unit.Microsoft Sri Lanka Ltd …
Tele-Learning
Despite an over 90 percent literacy rate, Sri Lanka ironically enough, still ranks among the lowest in the world in terms of access to higher …
Coming Soon
Central Bank Governor A S Jayawardene says it is a prudential requirement, which increases transparency and accountability.rnrnSo far a handful of local banks …
Rooms Available
Around 60 State owned rest houses, previously managed by the Urban Development Authority and other government agencies, are scheduled for a change of …
Coastal Trip
The Asian Development Bank has come forward with a US$ 20 mn loan to uplift the living standards of people in the Eastern Province.The loan, for the North East …
Private Garage
State owned Lakdiva Engineering Ltd. endash repair and re-conditioning arm for state buses, is to be put up for private investment, as part of the re-haul of …
Population Pills
Sales of the morning-after pill are soaring at 30,000 packs a month, as lquote Postinor takes over from males reluctant to snap on that condom.rnOnly 3.3 …
Tele Bond
Sri Lanka Telecom hopes to tap the overseas market to raise up to US$ 100 mn via bonds for its expansion plans next year.The issue, which is likely to come out …
Missing Links
Sri Lanka needs an estimated US$ 150 mn over the next four years to re-haul a dilapidated bridge network, many over 50 to 100 years old.rnrnThe Road …