Korean Chips
Koreas Myunghim Lanka (Pvt) Ltd has signed up to build a US$ 18 mn township development project in Kalutara.The Board of Investment says the 100 …
All News
Party Pooper
Sri Lankas system of party politics is accelerating into action with the President clearing the way to stockpile state resources under the Alliance …
Marching Orders
Sri Lanka President Chandrika Kumaratunga has removed 39 non-cabinet rank junior ministers ahead of parliamentary elections on April 2, a spokesman …
Free Bird
Floatplane operations are back in the skies and with expanded coverage after the National Security Council clipped its wings for a short …
Flying Birds
SriLankan Airlines air taxi service, called SriLankan Air Taxi, which took off in December 2003, has added two more destinations to its network. …
Steady Ship
DFCC Bank saw a 16 percent rise in net profits for the nine months ending Dec. 2003, largely aided by falling interest rates and revenues from its …
Ouch
Nawaloka Hospitals says it is forced to nurse a Rs. 85 mn in debt and interest payments as its initial share issue gets delayed due to political …
Wheels Within Wheels
Leasing companies and private bus operators met on Wednesday under the direction of the National Treasury to sort out an administrative mess up of …
Annual Chat
South East Asian Central Bankers will meet in Sri Lanka this week for its annual sessions and discuss matters of mutual importance.The Sri Lankan …
Roadblock
rnThe sacking of Sri Lankas parliament could hold up at least US$ 176 mn in World Bank aid to the island, whose economy is headed for a serious slow …
No Surprises
The Central Bank left its key short-term rates unchanged on Wednesday, signalling that the countrys economic fundamentals are sound, despite …
Trade off
The Comprehensive Economic Partnership Agreement (CEPA) between India and Sri Lanka is looking to be the latest casualty of the political uncertainty …
Second Line
Sitting fifteen floors up at the World Trade Centre (WTC) in Colombo, 350 new IT professionals will reap inspiration to develop solutions for …
In Use
Sri Lankas aid utilisation recorded an all time high of nearly US$ 1bn for 2003 and came close to forecast targets despite a politically volatile …
Zoo Politics
rnSri Lanka faces another expensive and possibly violent general election nearly four years before its due date leaving the peace process, donor …
Quick Cash
A sophisticated yet low cost real time on-line money transfer facility has been launched by Commercial Bank of Ceylon, enabling Sri Lankan …
What Crisis?
Sri Lankas financial markets are likely to remain rudderless as election campaigning starts putting the budding economic recovery on ice.The …
Tigers Domain
The LTTE will decide on how it and the territories under its paw would participate in the April 03, 2004 snap polls. The LTTE warned on Monday that …
Dont Worry
The UNF government is upbeat of romping back to power with the promise of peace and economic prosperity, despite being caught behind by the …
Old is Gold
He expected to face losses during the first year of business but managed to breakeven way before he thought he could. Hes now employing two others in …
Government Power
The government is taking precautionary measures to avert power cuts should the south west monsoon fails to fill the hydro reservoirs.rnThe Energy …
Central Bank Online
Central Bank went online with scripless security settlement system earlier last week as rate uncertainty kept primary dealers away from the secondary …
Dissolved
President Chandrika Kumaratunga dissolved parliament late Saturday, calling for a snap poll on April 2, to break the bitter political …
Flying Bid
Consultancy firm KPMG Ford Rhodes have been picked as financial advisors to help privatise the Bandaranaike International Airport.The firm will …