Wealth Management
The government has formed a new company to manage fee and fund-based activities of state corporations including the Mahapola Trust Fund.National Wealth …
Industry
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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 …
Number Crunching
The printing industry could see a leap in orders by June this year as the telecom sector rolls out a ten digit number change. Phone numbers across the island …
Testing Numbers
The Asian Development Bank has selected Sri Lanka as one of the test beds, for a survey on economic data gathering based on purchasing power equivalence.The …
Contingency Plans
National carrier SriLankan Airlines said on Thursday, it has cancelled all flights to Kuwait and re-routed flights to its European destinations with immediate …
Bond Scramble
Three and four-year bond yields plunged around 30 basis points today as dealers scrambled to grab the bonds.The weighted average yield of the 3 year bond fell …
Water Wonderland
Colombos only entertainment complex is heading for a wet look, as its new owners make Rs. 1.5 billion investment plans for its future. online pharmacy buy …
One to Nothing
Interest for a stake in the lotteries business has dwindled to one bidder, from nearly 40 contenders vying for the gamble at the start of the process in …
Healthy Profits
State owned Sri Lanka Insurance Corporation reported healthy profits despite rising reinsurance premiums.The insurance giant reported a provisional Rs. 753 mn …
Looking Pretty
Savings giant NSB got a top SL AAA credit rating from Fitch Ratings Lanka. The rating denotes the highest credit quality and maximum safety. online pharmacy …
Hot Air
Government plans to make Sri Lanka an air-hub after finalising a deal with the management partner of the national carrier.State aviation officials are drawing …
Triple Deck
National Savings Bank got top billing by becoming the first local bank to secure a SL AAA (Triple A) national rating from Fitch Ratings Lanka Ltd for its …
Family Planning
SriLankan Airlines could add up to four new aircrafts to its fleet this year as new destinations come on line. rnSriLankan Airlines Head of Commercial G T …
On Air
The Science & Information Technology Ministry says the consultant has to write out the terms of reference or TOR for the new regulator.rnrnThe TOR will set the …
Oil Clog
Airfares will go up by up to US$ 10 per sector from Wednesday, as carriers try to cover rising fuel costs. Fuel prices since January have shot up from 86 US …
Cargo Business
SriLankan Cargo, the cargo arm of SriLankan Airlines, has handled the largest volume of transhipment cargo in January 2003 since July 2001.The volume of …
Mark Up
Sate insurance giant Sri Lanka Insurance Corp. (SLIC) posted a provisional Rs. 753 mn profit for 2002, despite rising reinsurance premiums.Net earnings in 2001 …
Catch Up
The Asian Development Bank (ADB) is giving US$ 150,000 by way of technical assistance to carry out a survey on Sri Lankas business climate.ADB on Wednesday …
Varsity Basics
A World Bank project to revamp tertiary education, pegging university funding to performance for the first time, will be rolled out by May this year.The US$ 43 …
Green Talk
The International Finance Corp (IFC) has offered a US$ 10 mn term loan facility to strengthen Commercial Banks lending portfolio.ldblquote We are finalising …