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Borrowing Cheap

The governments inaugural 10-year bond issue to raise Rs. 1 bn was oversubscribed by nearly eight times on Friday.The issue carries an annual 8.5 …

Ringing Loud

Sri Lanka Telecom on Thursday reported a 38 percent surge in after tax profits for the nine months ending September 30, 2002.SLTs net profits touched …

Small Change

Compensation as an alternative to reinstatement was removed from the amendments, one of the few changes made to the original amendments to four …

Yankee Ties

Eleven local Information, Communication and Technology (ICT) firms will head for the US next week, a mission to woo new business and investment. The …

Lending Cheap

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

Labour Law

A blueprint for the proposed social security net for redundant workers is in its final stages, with International Labour Organisation (ILO) …

On Top Gear

Villa Ocean View, a member of the Ceyko Group, has completed a Rs. 100 mn refurbishment programme in time to ride the wave of resurgence in …

Axe On Dollars

The government has drastically cut its planned commercial dollar borrowings in the wake of large aid flows and promised long term structural …

What of IT?

Millennium Information Technologys client list was propped up with two new big accounts in 2002, but two other clients going bust contributed to a …

Bumper crop

Bumper crop

Tea production is expected to touch the 308-mn kilo mark for 2002 brokers predict, given improved harvests in November the same year. For the eleven …

The Next G

Six licences to test and develop 3G cellular services are on offer, valid for one year for strictly non-commercial trial purposes. The …