Budget Blues
Sri Lanka has 216 state owned enterprises and fiscal transfers to these in 2001 amounted to a whopping US$ 446 million-about 3% of the islands …
All News
Back to the Front
It is past 9 in the evening. Most people would be kicking up their heels in front of the TV after a long days work. online pharmacy strattera no …
Hats Off
SL A+ long term rating denotes a low expectation of credit risk. The capacity for timely payment of financial commitments is considered strong. …
Public Watchdog
The World Bank says it is critical Sri Lanka enacts the new Public Finance Bill that is in the works, to increase public scrutiny over the state …
Sea Legs
The governments deadline to set up a port regulator is due in August 2004, with only a draft bill to govern the industry available so far.The …
SBI Credit Cards
State Bank of India plans to aggressively expand local operations.The bank is planning a branch in Kandy as the first step in expansion plans to get …
Warm Blessings
The Central Bank has agreed to let the Colombo Stock Exchange link up with its depository system to allow gilt-edge securities to be settled …
Colonial Luxury
The Galle Face Hotel will leap into modernity in grand old style, revamping itself as a luxury lifestyle experience that also comes with a personal …
Data Entry
Sri Lanka Telecom (SLT) diversified its business interests further, opening an internet data center (IDC) in Colombo. The SLTiDC will offer a range …
Valet Service
Janashakthi Insurance is counting on the motor market, the fastest growing insurance sector, to expand its share of the local insurance market.Motor …
Worker Rule
The newly minted labour compensation formula is likely to be amended, after union agitation to leave it flexible for negotiation.Under proposed …
Within The Ranks
Police inspectors and sub-inspectors are tipped to take home an additional Rs. 900 every month above their salaries, calculated as set out in the …
Double Booking
SriLankan Airlines will link Hayderabad, the capital of the Southern Indian State of Andhra Pradesh, with Colombo as part of its twin destination …
Maiden Run
The Central Bank will start issuing its maiden batch government treasuries in scripless form this week, allowing the market to settle their …
Ground Work
The consortium led by Asia Capital will start due diligence work on Thursday, to revive the trouble Pramuka Savings & Development Bank.The start date …
Standard Rates
The Tourist board is drawing up standards for emerging niche areas like Ayurveda, eco-tourism and spas, to certify and rank tourist hotels and …
Take Home
Microsoft could couple a home edition license of its new Office 2003 software package free with every corporate license it sells in Sri Lanka. The …
Up for What?
Colombos benchmark All Share Price Index (ASPI) shot up about 100 points on the back of more reports of a breakthrough in the political deadlock. …
Twin Sharing
ldblquote In a strategic move AHOT and Crescat Developments are to be merged by early February in order to take advantage of Crescat Developments BOI …
Pls Comply
The telecom watchdog has asked the Treasury to remove Sri Lanka Telecom chief, who has been charged for breaking immigration laws to help an alleged …
Soothing Balm
Finance Minister K N Choksy has appointed a committee to look into raising salaries of the Police force.Salaries of the armed forces and the police, …
Port of Call
The Sri Lanka Ports Authority (SLPA) has set sail a proposal that will allow it to operate ports in foreign shores.SLPA Chairman, Dr. Parakrama …
Open Arms
Sri Lanka and Bangladesh will dismantle all non-tariff barriers blocking trade between the countries, as a first step to a Preferential Trade …
Aid Ok
The international community will detach part of the US$ 4.5 billion in aid committed to rebuild Sri Lanka from progress with the peace process. buy …