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 …
Industry
Switching Networks
Sri Lanka Telecom is expected to come out with a price tag for Lanka Bell next week, after concluding a due diligence on the small fixed access operator.The …
Glorious Colombo
Prime Colombo land including the Colombo port should be available for private sector developers according to a Colombo City Master Plan to be unveiled soon. …
Natures Reward
The Association of Chartered Certified Accountants of the UK introduced their environment and social sustainability reporting awards to the country …
Four Stars
A four-member team from Sri Lanka Insurance Corp.s technical partner ING, started work this week to give the former state insurance giant a facelift.The team …
The Battle Begins
In the lquote good old days - a by gone era, where kids played with simple toys like paper guns and ran riot in the house chasing a sibling or friend and …
Red Alert
Ahead of World AIDS day on December 1st, the good news is Sri Lankas low AIDS numbers, but the bad news is the countrys high vulnerability to the disease. To …
Another First — Updated
The telecom watchdog on Tuesday came out of cold storage to flex its legal muscle and file charges against Mobitel (Pvt) Ltd for defying regulators orders.This …
Growing Up
The Seylan Merchant Bank (SMB) Group has reported a three fold growth in pre-tax profits for the third quarter ending Sept. 2003.Consolidated pre-tax profit at …
Lucky Dip
The Mahapola Trust Fund is matching numbers with US lottery solutions provider, GTECH to spin off its own sweepstakes operation next year.Betting Rs. 400 mn on …
Rough Ride
Business is booming but the hotels sector is trying to hang on to the good times a little longer, by warding off a looming electricity price hike. The sector …
Closing the Books
The Treasury put away its books on Colombo International School (CIS) Monday, after selling its 49 percent stake for Rs. 86.7 mn to Ceyko Projects (Pvt) Ltd. …
Lifting Up
Ceylinco Life, has achieved record-breaking results in the first nine months of 2003, with a healthy 32 percent growth in premium income.The firm said this …
Cease Lease
Attempts through the budget to force leasing companies to pay tax could make leasing unattractive and uncompetitive according to the industry.Government in its …
Hold On
Political power play has put in the balance plans by HSBC to set up a huge call center in the country.The banking giant was planning to set up a call center …
No Sacred Cow
The UNF administration looks set go ahead with the tax on share trading profits, with the same determination, it is implementing unpopular reforms against less …
Slithering Down
Sri Lanka Telecom reported a 26 percent dip in net profits for the first nine months, due to an early retirement scheme, higher operating costs and losses from …
Soaring Eagle
Eagle Insurance says its net profits have soared 55 percent for the first nine months of this year, despite stiff competition in the local arena.Group net …
Travel Charger
Collection problems could bog down state plans to charge a Rs. 300 annual levy on mobile handsets as planned from next January, which works out to less than 85 …
Bonus Stocking
All pensioners are in for a New Year bonus, with a ten percent hike in pensions from January 1 2004, the Government announced in its budget on …