Virtual Money
The World Bank on Thursday signed a US$ 53 million deal with the Republic of Sri Lanka, funds to back its island-wide Information and Communications …
All News
Growing Wings
National carrier SriLankan Airlines threw the gauntlet at the hotel industry, saying it was ready to broad base into up-market leisure hotels if …
Land Lock
Expats buying land here will be charged a 100% tax, with a committee appointed to recommend action for new land sales and real-estate already sold. …
Mega Deal
Hatton National Bank on Thursday inked a deal to execute a US$ 36.5 mn interest rate swap for power generator Heladhanavi Ltd. online pharmacy buy …
Hunger Pangs
TNT employees around the world will take to the roads on Sunday, to raise awareness and funds against world hunger.TNT International Express …
Bond Worrys
Sri Lankas commercial banks are in for a rough ride this year with the bond markets falling on top of increased taxes.The banking sectors 2004 first …
Why Watch
The EU election monitors to Sri Lanka says another monitoring mission is not likely unless its repeated recommendations are implemented.The election …
Road Block
Open bids to be called for in June to build the Colombo-Katunayake Highway are on hold, as the government tries to jumpstart the process with former …
Under the Wing
Eagle Insurance paid some Rs. 145 mn for International Finance Corporations (IFC) 15 per cent stake in Union Assurance, in a deal that went through …
Sooner The Better
The Central Bank says sooner the oil price adjustment is made the better for the Sri Lankan economy, which has become increasingly open in recent …
Inching Up
Three month treasury rates edged up at Wednesdays auction, stoked on by market appetite for debt paper with shorter tenures.The Central Bank said …
Local Anesthesia
Sri Lankas roads are crying out for some serious medicine, but the Highways Ministry is tending the road network with sticking plasters, since it …
Murky Waters
With only a month and a half to go for an agreement by end July, the world multilateral trading system is facing an uncertain future if countries …
Warning Bells
The Securities watchdog on Wednesday threatened legal action against members firms who promote pyramid schemes as potential investments.The watchdog …
Alls Well
The overnight repurchase rate (repo rate) was kept at 7.0 percent and the reverse repurchase rate (reverse repo) at 8. online pharmacy buy metformin …
Community Support
ADB will help restore basic social infrastructure and community services in conflict-affected northern and eastern regions of Sri Lanka, through a …
Country Gardens
The city of Nuwara Eliya is trying to clean up its trading activity to bring back its scenic beauty but the change of government put plans on …
Pyramid Warning
The Central Bank on Thursday warned public against gambling on get-rich- quick referral schemes that promise unusually high returns. The Central Bank …
Make Up Please!
Twelve State entities handpicked for a commercial makeover, will be set targets to clean up their act and look for private investment, a top …
Wrong Call
A truce between Tiger rebels and troops has helped Sri Lanka recover its reputation as a tourist paradise, but the halt in hostilities has triggered …
Tough Talk
The Sri Lankan government said Monday that it will refrain from a mass hiring of management trainees for positions in 12 key state enterprises.The …
Value Addition
Do quality certification programmes bring tangible improvements to businesses?This is one key aspect that a new certification services company in Sri …
Debt Call
The governments US$ 100 mn bond issue opens on Tuesday, to raise funds to bridge the budget deficit.The Sri Lanka Development Bond issue will carry a …
Hang On
US interest in Sri Lanka went inland to the conflict riddled Eastern districts of Ampara and Batticaloa this week to emphasise the benefits of …