All Blogs
Landing Trap
In a bid to entice private airlines to fly to Sri Lanka, the Civil Aviation Authority plans to cut landing charges during off-peak hours.This will even out operations at the Bandaranaike airport, which is under-utilised at certain times and heavily congested at others.rn rnMost of its business is during the day, with slack hours between […]
Full Marks
Fitch Ratings Lanka on Tuesday re-affirmed the SL AAA (Triple A) national rating assigned for National Savings Banks implied long-term unsecured senior debt.rnrn SLrnAAA long-term rating denotes a very low expectation of credit risk. The ratingrnindicates a very strong capacity for timely payment of financial commitments.rnThis capacity is not significantly vulnerable to foreseeable events.rn NSBsrnrating […]
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Toss A Coin
Sri Lankas two main parties may find it hard to secure a comfortable lead, as weeks of campaigning comes to an end on Tue, an independent poll reveals.In its last survey to the run up of April 2 polls, independent research firm Org-Marg Smart says the opposition United Peoples Freedom Alliance (UPFA) has a slight […]
Interpreting Interpretations
In the run up to the polls Lanka Business Online published the opinion polls of Org Marg Smart. Dr. Harsha de Silva, a pioneer in opinion polling in Sri Lanka, who has been observing the polling by both OMS and the CPA and their interpretations has attempted a combined analysis of both the OMS and […]
Short Break
The Supreme Court on Tuesday sought extra time to hear the fundamental rights application filed by state electronic media organisations against the Elections Commissioner.The matter was put off for Wednesday March 31, as one of the judges, Justice Shirani Bandaranayake declined to hear the case for personal reasons.rn rnThe other two judges endash Justices T […]
Undersea Moves
Sri Lanka Telecom said Tuesday that it is joining 16 global telecom carriers to build a new US$ 500 mn submarine cable network.The submarine cable will span 20,000 km (12,400 miles), connecting 14 countries and will boost high-tech communications between South East Asia, the Middle East and Europe.rn rnLabelled SEA-ME-WE 4, the network will carry […]
City Kit
Dialog GSM is offering immediate connections to its pre-paid customers, who buy their connections from any Cargills Supermarket chain.Sri Lankas largest cellular operator says pre-paid cards endash branded as KIT endash currently accounts for around 650,000 of its 900,000 customer base.rn rnCargills, is presently the largest privately held supermarket chain with 51 stores located in […]
Call Transfer
Industry watchers say the move would not shift the local operations strategies as the parent entity- Hutchison Whampoa expects to remain the majority shareholder of the new entity, such that revenue, assets and liabilities will be consolidated into Hutchison Wampoas accounts. rn rnHutchison Telecommunications Int., the new spin-off is valued at over US$ 4 bn […]
Steady Flow
Trade deficit for January grew US$ 4 mn to US$ 152 mn in 2004, as foreign inflows from tourism, ports, private transfers and net inflows of portfolio investments eased the pressure on the rupee.rn rnEXPORTSrn rnA strong recovery in the global economy helped push export earnings up by 20 percent to US$ 459 mn in […]