Industry

Penny Wise

The telecom regulator has hired Frontier Economics Ltd to do a cost study on mobile and fixed termination rates between operators.The operators and the …

Look Out

Media institutions who carry advertisements for financial institutions that promise unrealistic returns may be liable for damages if they later fail to …

New Spirits

The consortium led by the Distilleries Co. Group will float a holding company to take up the lion share of Sri Lanka Insurance Corp.s ownership.Cabinet on …

Changing Act

Plans to set up a common regulator for the communication and information sectors have been activated with a draft bill now available. The draft bill …

Going Gone

Cabinet on Wednesday agreed to sell Sri Lanka Insurance Corp. to a consortium led by the Distilleries Group for Rs. 6 bn.The Distilleries consortium comprised …

Little Colombo

A strategy to diversify its business interests will see Asian Hotels Corporation developing its Galle Road front property into Creascat City endash a self …

No Votes

Seylan Bank plans to raise about a billion rupees in this year through a combination of equity and debt to boost its capital adequacy.The bank said Monday it …

IBIS Through

Six state bus companies were sold to a British consortium on Monday for a deal worth over Rs. 1.4 bn.Treasury Secretary Charitha Ratwatte and IBIS Managing …

Light Travel

Plans to ease Colombos mega traffic jams are finally getting off the ground with the Urban Development Authority scouting for investors to set up a mass rapid …

Surging Ahead

Bank of Ceylon said Monday its profits crossed the billion rupee mark in 2002, despite a slight drop in its turnover.rnrnrnrnrnrnrnNew Page 1rnrnrnrnrn …

Spring Cleaning

The Employees Trust Fund is talking to potential buyers to dispose its 20 percent stake in NAMAL, a leading unit trust management company.NAMAL or National …

Jungle Management

The immaculate splendour of an exotic luxury resort carefully woven around the tranquil and wild beauty of the Deer Park Hotel, is being transformed into a …

Clean Up

Hatton National Bank said Friday its group net profits rose to 486,976 mn despite a hefty 25 percent provisioning for its bad and doubtful debts.Sri Lankas …

Sinhala Chat

The next release of Microsoft Windows will include Sinhala text support, a Council For Information Technology (CINTEC)committee is working on the details to …

Billionaires Club

State-run Peoples Bank hopes to transfer about Rs. 9 bn of its hard-core large non-performing loans to the upcoming asset management company. online pharmacy …

Roving Eye

The Employees Trust Fund is knocking on regulators doors to expand its investment reach, as the local capital markets offer limited scope.The Rs. 40 bn state …

Spotting Leopards

Hot on the trail of the eco tourism inclination, Bogawantalawa Plantations is promoting four infrastructure projects among local and overseas investors.Taking …

Village Act

The next phase under the flag of liberalisation, the Act to set up the telecom sector development fund was published on Monday, open for a week for public …

Opening Runways

The Civil Aviation Authority is awaiting the Ministry green light to open access to all of fourteen airports in the country.The Civil Aviation Authority says …

G-Force

Sri Lanka will have its first 3G frequency auction in April, a limited exercise which will offer three slots in the 1800 MHz range.The auction will also be …