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‘s Leasing picks up a new funding line
Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. People’s Leasing Co. (PLC) which issued the lease-backed securities, also picked up a Rs.150 million […]
Watch Out
Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two nations, but hoped to settle the issue amicably.Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two […]
First Gear
With tough rules of origin, Sri Lanka may be slow to draw on the benefits of the European Union’s new GSP Plus scheme, but euphoria will bring in the business.With tough rules of origin, Sri Lanka may be slow to draw on the benefits of the European Union’s new GSP Plus scheme, but euphoria will […]
Disney Channel
Sri Lanka’s main tsunami relief agency today claimed progress in building “transitional shelter,” but their figures showed that at least 11,500 houses had disappeared in June. Sri Lanka’s main tsunami relief agency today claimed progress in building “transitional shelter,” but their figures showed that at least 11,500 houses had disappeared in June. The Task Force […]
Travel Allowance
Mobile operator Dialog Telecom’s revenues could be significantly under forecasted, with potential increases in revenue from segments including automatic international roaming under valued.Mobile operator Dialog Telecom’s revenues could be significantly under forecasted, with potential increases in revenue from segments including automatic international roaming under valued. Dialog has also just commenced providing turnkey solutions to foreign […]
Square One
Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week.Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week. CEB trade unions say the government is trying to approve another Cabinet paper to restructure the CEB without trade union agreement. “They are tying to present a Cabinet […]
Sri Lankan aid-sharing deal stirs political turmoil
Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said.Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said. The Oslo-arranged […]
Sri Lanka Tigers honour 241 suicide bombers
Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 who perished in similar attacks, the rebels said.Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 […]
Open Wide
Sri Lanka will lobby Malaysia for an Open Skies Agreement this week, freeing up more air routes between the countries, ahead of a second national airline making its entrance.Sri Lanka will lobby Malaysia for an Open Skies Agreement this week, freeing up more air routes between the countries, ahead of a second national airline making […]
Increased Float
The ADB has agreed to increase its component in funding the US$ 400 mn initial phase of the South Harbour project to US$ 150 mn.The ADB has agreed to increase its component in funding the US$ 400 mn initial phase of the South Harbour project to US$ 150 mn. The increase corresponds to a plea […]