Cutting Cables
The telecom regulator on Monday lent an ear to the industries woes with Sri Lanka Telecoms (SLT) international bandwidth operations. The hearing follows the …
Industry
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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 …
Safe Hands
Commercial Bank of Ceylon has floated a share ownership trust called Jaycey Trust Services to acquire and hold shares on behalf of its employees.In a statement …
Next Leap
Cellular operator Mobitel plans to triple its customer base with the launch of digital services from next month.The Mobile operator has already got the nod …
Sampath-DMS Tie Up
Improving levels of income and access to technology is expected to push up demand for e-commerce payment gateways services.Sampath Bank, which is banking on …
Profits Mirage
Peoples Bank reported a billion rupee in profits last year, the largest in its history.The bank has managed to now cut in half its negative net worth over the …
Citibank First
Citibank became the only foreign bank to get a credit rating on the local scale when they made public their AAA rating. The bank says the rating obtained for …
Independent Opinion
Commercial Bank plans to tap the market for Rs. 4 bn with the backing of an issue rating from Fitch.The bank already has an AA+ rating for its senior …
Cash Connect
New interconnection rules came into effect on Friday, setting the ground work for external gateway operators to negotiate network access. rnrnrnrnrnrnrnNew …
On The Edge
Peoples Bank is waiting for a fresh lquote letter of comfort from the Treasury to sign off its 2002 financial statements.The Treasury last issued the letter on …
Twisted Pair
Sri Lanka Telecoms (SLT) Japanese stakeholder NTT Communication says the government has violated is shareholders agreement by allowing new players into the …
Moving On
Mobitel will install a 200,000 line island wide GSM network by August, the first stage in its migration from its existing TDMA backbone. The migration could …
Last Round
A top IFC official who is on a routine visit to Sri Lanka, signed the deal this evening.rnrnUnder the agreement, IFCs will be represented on Commercial Banks …
Final Call
Sri Lanka Telecom is moving towards a two-tier tariff band to encourage people to talk more and pay less.The proposal forms part of its bigger plan for a 15 …
High Jump
Commercial Bank of Ceylon Ltd on Wednesday notched a 25 percent profit growth and said it was taking a bold step to move towards triple bottomline …
Riding High
Citibank NA Sri Lanka branch topped the honours list by securing a SL AAA (Triple A) national rating from Fitch Ratings Lank for its implied unsecured senior …
Oil Shock
SriLankan Airlines has sought Civil Aviation Authority approval to raise outbound airfares by US$ 5 per sector.The airline has sought the increase, as fuel …
Hurry up
Pramuka Bank Stakeholders Association is urging Central Bank to quickly give the information required by Janashakthi Capital for their restructure proposal, …
Getting Bigger
Ceylinco Life, Sri Lankas largest private insurer, has ended the year with a record Rs 2.360 bn in premium income.Figures released this week show that the …
Waiting Room
Twenty one applicants vying to get into the external gateway operations industry got their licences today, including network operators Suntel, Lanka Bell, …