Naughty Naughty
The telecom watchdog won the first round against Mobitel on Wednesday, when the Court Appeal rejected a stay order put forward by the cellular operator.Mobitel …
Industry
Can or Cant?
Central Bank cut its 2004 GDP growth forecast to six percent from an earlier 6.5 per cent after factoring in current uncertainties in the peace process and the …
Long Haul
Sri Lanka is in the top three alongside Thailand and the Maldives as a tourist hotspot for long-haul travel, but still needs a vital mix of peace, competitive …
Free Flow
The upcoming Exchange Management Act adds muscle to the Finance Minister, and puts stiff financial penalties on wilful defaulters.Currently in gazette form …
Pumped Up
US marine fuel supplier ChemOil signed a deal on Friday to dock at the Colombo Prot, to sell bunker fuel. Lanka Bunker Services, ChemOils BOI (Board of …
Big Bite
Commercial Bank of Ceylon Ltd., has recorded a pre-tax profit (before the special Value Added Tax on Profit) of Rs 1.6 billion for the nine months ended …
Donor Threat
The countrys top multilateral donors warned that economic and political stability are key to get aid following.Sri Lankas top multilateral and bilateral donors …
Coming Back
A cultural similarity in the insurance market was a big draw when Life Insurance Corporation of India re-entered the local market.The companys earlier …
Rich Life
An Indo-Lanka tie up will pump in Rs. 620 mn down Lake Drive in Col., 8 to build 25 fully furnished luxury homes.rnrnThe project will cater to Sri Lankas …
Cyber Sale
The eSri Lanka initiative is expanding the market space for small and medium scale businesses by taking them online. The pilot project under the new ICT Agency …
Textbook Takeover
A senior Treasury officialrnsaid Friday, that it would sell 49 percent or 490,000 shares to its currentrnowners, priced at Rs. 86.73 mn per piece.rnA total of …
Tech Tutors
The government has tied up with the Carnegie Mellon University of US, to develop sector specific IT programmes.Initially,rnCarnegie Mellons Technology Peace …
Bad Call
The telecom watchdog on Friday asked Mobitel Lanka Ltd to withdraw its promotional GSM offer, with immediate effect.rnrnrnrnrnrnrnHeadlinernrnrnrnrnThe …
One Down
Hatton National Bank, had its long-term national rating, down graded to SL A- by Fitch Ratings Lanka on Thursday.This decision comes after HNB was put on a …
Witch Hunt
Set up two months ago, the Authority is already being flooded with business. Strange, spiritual and otherwise; Most of the business though, is on price and …
Teen Talk
MasterCard International on Thursday came out with a credit card primarily designed for Sri Lankas burgeoning teenage market.Hatton National Bank, its local …
Trippling Over
Hatton National Bank Ltd said on Thursday nine-month group profits nearly tripled as it notched gains from its bond portfolio and saw a pick up in credit …
Desert Run
Air Sahara will begin charter flights to Colombo from New Delhi on Friday, becoming the first domestic carrier to fly out of India.This follows a recent …
Playing Ball
Sri Lanka Telecom Chairman, Thilanga Sumathipala expects commercial talks with Lanka Bell to kick off in four weeks, when the ongoingtechnical and financial …
Testing 123
During its two month trial period, the cellular operator will give free outgoing and incoming calls to customers who sign up on its new GSM network. …