See-Me-there
The telecom watchdog has given the go ahead to licensed international voice and data operators to access the SEA-MEendash WE 3 submarine cable.Only Sri Lanka …
Industry
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Pretty City
Thirteen acres of prime land on which a spinning mill was earlier located will be developed in to a residential and recreational center under a joint venture …
Centre Holds
Central Bank tightened the regulatory grip with the introduction of minimum levels of capital.Finance companies under a Central Bank directive will have to …
Holiday Tax
A one percent levy on turnover will be charged on all Tourist Board licensed institutions, under the new Finance Bill, passed Thursday.The tax will cover about …
Outright sales
Central Bank may start outright sales of government securities as early as next week with rising foreign inflows boosting the countrys money …
Redial
The telecom watchdog on Wednesday published a set of rules that will govern the short code auction scheduled for an August date. The online auction previously …
Extension Cord
Continued lobbying from the telecom industry has now opened up access to undersea cable bandwidth. Direct access to the SEA ME WE (Cable connecting South East …
No Vacancy
HNB senior officials told Lanka Business Online that the Bank could consider rescheduling the loan if the owners put up a minimum 50 per cent of the …
Priority Plan
The need for a clear port development plan was stressed by the ADB when it approved a US$ 150,000 technical assistance grant on Tuesday to prepare a master …
Moping Up
The fresh issues could set off more regular longer term borrowing as the state looks to maintain low inflation and interest rates. rnrnThe 10 year issue is …
No Cuts
Central Bank left key interest rates unchanged on account of the high liquidity in the financial system at present. The decision came after its monthly policy …
Tall Order
Offering greater value to its tenants, the World Trade Centre (WTC) in Fort together with Dialog, has put in a fibre optic internet backbone in the twin …
Suspension – II
The Supreme Court on Monday gave Central Bank 14 days to re-suspend Pramuka Banks license to facilitate restructuring.The Court concluded that interested …
Super Watchdog
Draft legislature to set up the super regulator for the information and communication sectors is now up for discussion.The bill will help form the Information …
Taking Off
Two parties have shown interest in funding the first phase of the development of regional airports to boost domestic air travel in the country.Denmark and the …
Return Ticket
Supreme Court on Friday refused to take up Central Banks appeal on the Court of Appeal decision on Pramuka Bank.The Central Bank sought to stay the Appeal …
Bad Line
Sri Lanka Telecoms rating outlook was revised to negative by Fitch Ratings, as liberalization poses many uncertainties for the telecom giant. Fitch says future …
An Eagles Calling
National Development Bank on Thursday acquired Zurich Insurance Companys 58.44 per cent stake in Zurich NDB Finance Lanka endash the holding company for Eagle …
Eagles Call
Capital Development & Investment Co (CDIC) plans to come out with a Rs. 1.5 bn rights issue to pay for its acquisition of Eagle Insurance.NDB on Thursday …
Smooth Ride
Bus leasing specialist, Peoples Leasing, raised another Rs. 300 mn via securitisation paper for its general business expansion.First Capital Markets, the …