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Rich Life
An Indo-Lanka tie up will pump in Rs. 620 mn down Lake Drive in Col., 8 to build 25 fully furnished luxury homes.rnrnThe project will cater to Sri Lankas growing lquote large disposable income population on the look out for serine neighbourhoods to move into. rn rnHallmark Property Co., says each 3000-4000 square foot unit […]
Bad Call
The telecom watchdog on Friday asked Mobitel Lanka Ltd to withdraw its promotional GSM offer, with immediate effect.rnrnrnrnrnrnrnHeadlinernrnrnrnrn The cellular operator onrnTuesday, started trial runs for its GSM service, which offers free calls for allrnsubscribers who sign up during the promotional period.rn At Tuesdays launch,rnMobitel said a fully-fledged commercial launch was pending thernTelecommunications Regulatory Commissions […]
Tech Tutors
The government has tied up with the Carnegie Mellon University of US, to develop sector specific IT programmes. Initially,rnCarnegie Mellons Technology Peace Corps will work with the Science &rnTechnology Ministry to develop ICT (Information Communications and Technology)rnsolutions for the government, the agriculture and the industrial sector. rn CarnegiernMellon has developed the lquote Technology Peace Corps […]
Cyber Sale
The eSri Lanka initiative is expanding the market space for small and medium scale businesses by taking them online. The pilot project under the new ICT Agency will offer SMEs shop space in Cyber space, with each member having their own web page with a company profile, giving details of products for sale with visuals […]
No Way
The Norwegians took their foot off the LTTE and the peace process on Friday, following a week of political uncertainty. The international donor community and the investor fraternity have been closely monitoring developments on the peace front, as over US$ 4 bn in foreign aid is tied up pending an end to the political impasse.rn […]
One Down
Hatton National Bank, had its long-term national rating, down graded to SL A- by Fitch Ratings Lanka on Thursday.This decision comes after HNB was put on a ratings watch in July, to allow Fitch to do a review on the banks capital.rn rnldblquote The rating reflects the banks weaker capital position, due to a relatively […]
Trippling Over
Hatton National Bank Ltd said on Thursday nine-month group profits nearly tripled as it notched gains from its bond portfolio and saw a pick up in credit demand. Group post-tax profits jumped 229 percent to Rs.1.192 bn for the nine months ending September 30, 2003, from Rs. 368.532 mn during the corresponding period.rn rnRevenues during […]
Teen Talk
MasterCard International on Thursday came out with a credit card primarily designed for Sri Lankas burgeoning teenage market.Hatton National Bank, its local partner hopes teenagers would make use of this opportunity to learn basic banking habits of accountability, responsibility, ownership and financial discipline.rn rnAptly named lquote Hot Shots, the card is targeting teens over 15 […]
Desert Run
Air Sahara will begin charter flights to Colombo from New Delhi on Friday, becoming the first domestic carrier to fly out of India. This follows a recent decision to deregulate Indo-Lanka travel after the last meeting between the Prime Ministers of the two countries.rn rnTravel Director of Air Saharas local agent Jetwing, Sunil Pieris, says […]
Witch Hunt
Set up two months ago, the Authority is already being flooded with business. Strange, spiritual and otherwise; Most of the business though, is on price and unfair services.rn rnJust last week the CAA flexed its muscle and shot down a request by Shell Gas to jack up the cost of a LPG cylinder by Rs.19.00 […]