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Long Life
An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life.An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life. Among the key features of the Ceylinco Retirement Account (CRA) is its flexibility to adapt to individual customer requirements. Each customer is given the […]
Winter birds flock in, pushing September tourist arrivals up 43%
Tourist arrivals swung upwards in September heralding a bustling winter season and prompting tourism authorities to notch up end of the year targets. Tourist arrivals swung upwards in September heralding a bustling winter season and prompting tourism authorities to notch up end of the year targets. “Normally the winter season starts September October. This year […]
Aii Barry?
Savvy mobile phone owners have adopted the English script to send short messages (SMS) in their local languages.Savvy mobile phone owners have adopted the English script to send short messages (SMS) in their local languages. Cellular operator Celltel’s local language SMS service was slow to take off due to its limited options including the hassle […]
Fuel Vouchers
Lanka IOC is opting for a book building process to raise up to Rs.2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. Lanka IOC is opting for a book building process to raise up to Rs. 2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. […]
Singer gets top rating for its upcoming Rs. 600 mn debt issue to fund higher purchase business
Fitch Ratings Lanka Ltd (FRL) assigns A(sri) national long-term credit rating for Singer (Sri Lanka) Ltd.’s upcoming Rs. 600mn unsecured redeemable debenture issue. Fitch Ratings Lanka Ltd (FRL) assigns A(sri) national long-term credit rating for Singer (Sri Lanka) Ltd.’s upcoming Rs. 600mn unsecured redeemable debenture issue. FRL also affirms A(sri) national long term credit rating […]
Fast Pace
A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market last week, seeking to be a major player in a sector that grew 66 per cent last year.A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market […]
Rerun
The government has reapplied for a US$ 60 mn loan from the Asian Development Bank (ADB) to restructure national revenue collection.The government has reapplied for a US$ 60 mn loan from the Asian Development Bank (ADB) to restructure national revenue collection. “We (government and ADB) have agreed on a basic outline and we hope to […]
Getting Hitched
Vanik Inc. is in talks with a foreign investor to restructure its balance sheet and fend off bankruptcy proceedings to recover Rs. 4.4 bn in debt. Vanik Inc. is in talks with a foreign investor to restructure its balance sheet and fend off bankruptcy proceedings to recover Rs. 4.4 bn in debt. The ailing merchant […]
The Bridge
A major cause for poverty in Sri Lanka is the lack of infrastructure.The cost of short term relief, offered by politicians here, has been a long term vision essential for infrastructure development to take place. A major cause for poverty in Sri Lanka is the lack of infrastructure. The cost of short term relief, offered […]
Free Wire
A consultation paper proposing a frequency reallocation model is unlikely to go through smoothly, with the wireless local-loop (WLL) operators Suntel and Lanka Bell calling it uncompetitive.A consultation paper proposing a frequency reallocation model is unlikely to go through smoothly, with the wireless local-loop (WLL) operators Suntel and Lanka Bell calling it uncompetitive. The Telecommunications […]