All News

Losing Interest

The Central Bank on Friday cut key interest rates by 75 basis points on Friday.The bank lowered the Reverse Repurchase Rate to 10.25%, while the …

SLT Is Ready

The telecom watchdog is about to rubber stamp a long overdue tariff rise for Sri Lanka Telecom (SLT), while also reviewing its tariffs for submarine …

Gassed!

The Court of Appeal issued an interim order on Friday stating a Consumer Affairs Authority (CAA) direction allowing all LP Gas traders to refill and …

Seaview

Ceylinco Homes International, which managed to sell its Hyde Park Apartment complex in record speed plans to add another landmark to the Colombo …

INTRAD

The National Chamber of Commerce is organizing an infrastructure trade fair in September, which it hopes will help in the formulation of government …

IDD Crunch

International call charges are expected to fall further, when a new system of short codes that will allow customers to access an external gateway of …

Adding Muscle

Laws to give banks and finance companies more muscle to tackle bad debts have got regulatory approval and are now before the Legal Draftsmens Dept. …

Warming Up

Average prices for tea at the Colombo auctions dropped to Rs. 145.02 by April from an average of Rs. 156.82 in 2002. Low grown prices lead the drop, …

Lower Lending

The Central Bank on Friday cut its key short-term discount rates by 75 basis points, in line with its policy of lowering rates.The bank lowered the …

Buying Space

The telecom regulator is awaiting Ministry approval to allocate two frequency slots in the 1800 MHz range, of three put up for sale. …

Roll Out

Legislature to roll out the e-Sri Lanka initiative is to be debated in Parliament on May 22. Economic Reforms, Science and Technology Minister …

Going Once

The first online auction to sell four-digit international short codes for the telecom sector will get under way on May 22, the telecom watchdog said …

Mooring Point

Sri Lanka Telecom (SLT) will set up its first point of presence (POP) outside the country – in the United Kingdom which generates close to 30 …

Heading Up

Treasury Bill yeilds moved up by 64 basis points at the close of this weeks auction.rnrnrnrnrnrnNew Page 1rnrnrnrnrn rn rn rn rn rn   rn Amount …

Long Haul

Qatar Airways is eyeing the European tourist and up-end business and leisure travellers as it tries to play down its traditional focus on Sri Lankas …

On Tow

Sampath said its was infusing Rs. 600 mn to Rs. 700 mn to bail out the troubled Union Bank.rn rnThe Sampath led consortium of investors also includes …

Com Port

Sri Lanka Telecom (SLT) is looking to increase its non voice revenue streams, a Telecom City on 3.5 acres in Welikada being among them. As a SLT …