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Off Peak
Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful.Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful. The software upgrade, expected to help enhance Celtell’s services, was […]
Call Back
Cellular operator Celltel Lanka’s mobile service in Colombo was fully restored by late Wednesday afternoon after a software glitch knocked off part of its service to the city.Cellular operator Celltel Lanka’s mobile service in Colombo was fully restored by late Wednesday afternoon after a software glitch knocked off part of its service to the city. […]
Central Bank raises US$ 55.25 mn worth of two-year debt at 163.48 basis points above six months LIBOR rates
The Central Bank has raised US$ 55.25 mn for the government through two-year Sri Lanka Development Bonds priced at 163.48 basis points above the six month’s London Interbank offered rate (LIBOR). The Central Bank has raised US$ 55.25 mn for the government through two-year Sri Lanka Development Bonds priced at 163.48 basis points above the […]
One Stop
Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November.Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November. Minister of Ports and Aviation Mangala Samaraweera told Lanka Business Online that […]
Lifting The Veil
Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday.Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday. The move is subject […]
Fresh Bet
The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings withdrawn in August. The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings […]
Work Load
Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more stressed out instead of coping with it. Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more […]
The US gives US$ 100,000 to supply drinking water to drought affected families
The US has given a US$ 100,000 to the Sri Lanka Red Cross to supply drinking water to 12,000 drought affected families.The US has given a US$ 100,000 to the Sri Lanka Red Cross to supply drinking water to 12,000 drought affected families. Channelled through the US Agency for International Development (USAID), the Sri Lanka […]
Seylan Merchant Bank is raising up to Rs. 200 mn in debt to feed its growing leasing business
Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in debt to feed its growing leasing business. Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in debt to feed its growing leasing business. The four-year unlisted debenture will open for subscription from Sept. 8 to Dec. 31., the bank said […]
Life Extension
Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka.Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka. Hayleys AIG, which has over 6,000 life policyholders at present, plans to concentrate on general insurance in the […]