All News

Midyear Review

Sri Lankas top trade chamber has commended the government on pushing ahead with a series of legislative reforms, but said more work needs to be done …

Super Profits

Telecom operator Suntel, says its profits soared to Rs. 200.4 mn in 2002, from Rs. 22.8 mn.Suntel benefited from the prevalent low interest rates, …

Pilot Test

ADB on Wednesday approved a technical assistance (TA) grant of US$800,000 to pilot test two community information networks that will bring vital …

Riding a Chopper

The Civil Aviation Department says it is talking to the Ministry of Defence and Airport authorities to issue the permits.rn rnCommercial helicopter …

Quashed

The Appeal Court in its verdict at Wednesday mornings hearing has quashed Central Banks decision to liquidate Pramuka Bank.Court has also asked the …

Debt Call

Housing Development Finance Corp. has teamed up with debt dealer Capital Alliance to take financial instruments to the provinces. rnldblquote …

VAT Slips?

The Value Added Tax continues to disappoint with revenues again falling short of expectations, with rising refunds eating away at …

Sustaining Power

Limited energy supply could hinder a so far promising economic recovery over the next few years, Central Bank officials warned today.rn rnldblquote …

On Target

The Sri Lankan economy grew by 5.5 percent in the first quarter of 2003, up sharply from growth of 0.1 percent in the same period last year, Finance …

Why WIFI?

A new wireless way to connect to the Internet is taking the world by storm because access is cheap and fast. The standard popular in the US, connects …

Spend It

Shamindra Kulamannage speaks to Bradman Weerakoon, Secretary to the Prime Minister on Sri Lankas aid utilisation. Weerakoon says the government is …

Final Cost

Telco firms on Thursday agreed on a set of termination charges, setting the stage to launch a caller party pays (CPP) regime by September. However, …

Steam Iron

State officials are looking at ways to implement World Bank recommendations to improve the countrys financial accountability.The recommendations are …

Rate Card

Telco firms have till the weekend to give a final verdict on termination rates proposed in a new cost based study. Industry giant Sri Lanka Telecom …

More Money

Danish authorities on Tuesday signed a development co-operation agreement to fund a multitude of projects yet to be identified.rnrnThe fresh aid …

Book Keeping

Independent reviews of public sector accounts will take off in July, in line with ongoing reforms to revamp the public sector to be accountable and …