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Small is beautiful
An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand.An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand. TATA is […]
Back to the Wall
Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer.Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer. […]
Conflict of “Interest”
Commercial Bank’s Chairman Mahendra Amarasuriya says he has secured 30 percent shareholder support to back him in next month’s Extraordinary General Meeting (EGM) convened to oust him form the board.Commercial Bank’s Chairman Mahendra Amarasuriya says he has secured 30 percent shareholder support to back him in next month’s Extraordinary General Meeting (EGM) convened to oust […]
White Lies
Presidential race is now in full swing with both candidates releasing their manifestoes. Presidential race is now in full swing with both candidates releasing their manifestoes. Both leading candidates have pledged to achieve economic growth over seven percent but their populist policies may become a barrier in achieving that growth. Economic growth of 8 percent […]
Hold On
An estimated 325,956 telephone lines were pending connections by June 2005, with the bulk of the shortage in the western and southern provinces.An estimated 325,956 telephone lines were pending connections by June 2005, with the bulk of the shortage in the western and southern provinces. Data collected by the telecom watchdog point to an under […]
Central Bank taps primary dealers for ideas
Sri Lanka’s Central Bank has sought views from market players to improve the primary dealer system, in the backdrop of calls to widen the industry’s revenue base. Sri Lanka’s Central Bank has sought views from market players to improve the primary dealer system, in the backdrop of calls to widen the industry’s revenue base. Dealers […]
Breathing Fire
Unions backing Commercial Bank of Ceylon’s staff are urging monetary authorities to ask a key shareholder to reduce his stakes and fall in line with banking regulations.Unions backing Commercial Bank of Ceylon’s staff are urging monetary authorities to ask a key shareholder to reduce his stakes and fall in line with banking regulations. Sri Lanka’s […]
John Keells tracks down Yala Village
John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs.275 million. John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs. 275 million. Yala Village is a 62 chalet eco-hotel, which borders a […]
Indian Formula
Sri Lanka is firmly on Indian giant TATA’s radar screen for investment, but a top official said Sri Lanka needs to leverage its strengths and implement its open policies to keep investors coming in.Sri Lanka is firmly on Indian giant TATA’s radar screen for investment, but a top official said Sri Lanka needs to leverage […]
Check Again
The EU is considering pushing for stronger intellectual property rights laws at world trade talks.The EU is considering pushing for stronger intellectual property rights laws at world trade talks. The EU says counterfeiting is now a global criminal racket operating with organised crime rings in arms, drugs and cigarettes. Copycat products that are flooding European […]