Spend It
Shamindra Kulamannage speaks to Bradman Weerakoon, Secretary to the Prime Minister on Sri Lankas aid utilisation. Weerakoon says the government is …
All News
Steam Iron
State officials are looking at ways to implement World Bank recommendations to improve the countrys financial accountability.The recommendations are …
Big Smile
Shareholders of the troubled MERC Bank have agreed to sell up to 90 percent of the company to DFCC Bank for just under Rs. 60 mn.MERCs shareholders …
Final Cost
Telco firms on Thursday agreed on a set of termination charges, setting the stage to launch a caller party pays (CPP) regime by September. However, …
Losing Interest
The Mahapola Trust Fund could pursue legal action against the Presidents Fund to recover over Rs. 1 billion due since 1997. Mahapola Trust officials …
More Probing
Investigations into accounting irregularities at Pramuka Bank are gathering pace with the Sri Lanka Accounting Standards Monitoring Board and the CID …
More Money
Danish authorities on Tuesday signed a development co-operation agreement to fund a multitude of projects yet to be identified.rnrnThe fresh aid …
Rate Card
Telco firms have till the weekend to give a final verdict on termination rates proposed in a new cost based study. Industry giant Sri Lanka Telecom …
Book Keeping
Independent reviews of public sector accounts will take off in July, in line with ongoing reforms to revamp the public sector to be accountable and …
Base Cost
Telco firms will meet the telecom watchdog Tuesday to discuss termination rates proposed in a recent consultant cost study.Telecommunications …
Private port
Colombo South Harbor, which will be more than double the ports capacity to handle containers, is likely to be built with private sector help.Colombo …
Tourism bull
The tourism market is expected to grow at 20% a year over the next five years according to stockbroker estimates. They also say that high spending …
DFCC gets Merc Bank
DFCC bank plans to offer more commercial banking products to its customers once it acquires a small commercial bank.DFCC says they will not merge …
Floodgates
The market raced past the 1000 point mark on Friday in a frenzy of largely local interest, in levels last seen eight years ago.rnrnThe All Share …
Beyond Beaches
Surviving through two decades of fluctuating fortunes, tourism is now moving to giddier heights of the big spenders and a niche of expensive boutique …
Hambantota Woes
The Hambantota Port project may not get off ground as soon as expected, Ports Minister Rauf Hakeem warned today.The Canadian firm SNC Lavelin offered …
Peace Rally
Banking stocks stole the market Thursday, with National Development Bank and NDB Bank (NBL) netting 50 percent of the Rs. 457.21 mn in total …
Earth Slip
The Government has approached the United Nations in Geneva for US$ 27.5 mn rnin short term relief to rebuild houses and infrastructure damaged in …
Quick Time
Sri Lanka Telecom has started rolling out the first phase of its plan to innovative broadband access technologies for residential and business …
Credit Drip
The World Bank Wednesday approved the first tranche of US$ 125 mn in support credit, to shore up the countrys poverty reduction strategy.rnrnThe …
Fail Safe
A blueprint for a proposed social security net for retrenched workers has got the Treasury go-ahead, with the changes to be gazetted in two …
Lease Backed
Cash rich National Savings Bank (NSB) bought up Rs. buy amoxil online buy amoxil online no prescription 200 million worth of securitised paper last …
Racing On
The All Share index moved 15 points closer to the psychological 1000 point mark, closing at 969 on Wednesday.Despite the current gloom surrounding …
Building Blocks
Standard concession agreements are being drawn up for the road sector, spelling out the financial, technical and legal A to Zs for potential private …