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Bad Call
Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs.2 billion in profits for the first half of 2004.Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs. 2 billion in profits for the first half of 2004. Sumathipala also expects a Rs. 4 billion […]
Hotting Up
Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said.Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said. “Prices will definitely go up by at least five percent in October. […]
Govt. says it is flexible to restart peace talks and ask LTTE to do the same.
Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker Norway’s warnings that the country could slip back to war.Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker […]
Captain’s Pick
Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I.Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. […]
Central Bank mulls floating a US$ 200 mn bond issue
Sri Lanka’s Central Bank said Tuesday that it may float a planned US$ 200-million bond issue later this year or early next year – depending on market conditions.Sri Lanka’s Central Bank said Tuesday that it may float a planned US$ 200-million bond issue later this year or early next year – depending on market conditions. […]
Finance Minister warns exporters not to hoard their proceeds abroad
Finance Minister Dr. Sarath Amunugama sent out a strong warning to exporters asking them to repatriate their proceeds and help ease the pressure on the rupee. Finance Minister Dr. Sarath Amunugama sent out a strong warning to exporters asking them to repatriate their proceeds and help ease the pressure on the rupee. The Sri Lankan […]
Services Branding
Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. The Japanese auto corporation’s Chairman and Chief Executive Osamu Suziki dropped in for […]
‘s Pick
Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I.Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. […]
Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist traffic.
Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist traffic. Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist […]
Stiff Price
Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday.Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday. An election promise to […]