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Canal Tours
The immediate land surrounding Colombos canal ways could get a facelift along with a proposed transport project. A team sponsored by Canadian authorities recently concluded an initial feasibility study on Colombos canal system.rn rnThe team is now back in Canada to draw up financial proposals before work on detailed plans and funding arrangements can start. […]
Large Hands
HSBC says its Sri Lankan operation has successfully raised funds for the government this year, including a US$ 33 mn long-term loan to develop the Northern peninsular.The bank also recently acted as the single largest lender under a syndicated US$ 100 mn loan the government borrowed recently.rn rnStructured by Citibank N.A., the five-year loan was […]
Knock Knock
The Ceylon Hotels Corp. (CHC) is knocking on the Treasurys door for a Rs.59 mn loan to upgrade its properties.Part of the funds will also be utilised to pay off a Rs.19 mn early retirement package the corporation offered earlier this year to send home 51 employees, CHC Chairman, Bodhi Liyanage said.rn rnCHC, a government […]
Spot Hopping
For many like Peter Berkley, a lquote visiting consultant on assignment to Sri Lanka, access to the internet meant hooking up his laptop with a phone chord to a wall socket in his hotel room or a business centre around his comfort zone. He recalls a typical day back home in the US, when he […]
Product Dev
SAP, a leading business software solutions provider is stepping up its presence locally to face, what company officials say is an upcoming leap in demand for IT aided management solutions. The firms primary market focus in Sri Lanka will cover the banking, utilities, telecom and the state sectors.rn rnThe solution provider is already in Sri […]
Bateys Magic
Batey, a top regional public relations company, is to take over the state tourism promotion agency early next year. The company singled out by the Prime Minister is waiting for the fine print in their contract to be sorted out according to officials.rn rnBatey, the creator of lquote the Singapore girl for Singapore Airlines and […]
Open Sesame
Want to avoid being hit by the next big virus thats going to hit a PC near you?rnSwitch to open source.rnSoftware like the Linux operating system is usually never the target of computer viruses. Hackers mostly hit at computers with Microsoft operating systems.rnOpen source software developed by groups of tech enthusiasts in their spare time […]
Safety First
This year 78 companies are taking part in the National Safety Awards. Not all of them win awards. But organizers say by merely taking part these companies create a safer working place for their employees.rn rnAuditors from the National Safety Awards have already started grilling short listed applicants.rn rnCeylon Cold Stores is one of the […]
Health Check
The insurance regulator is studying the possibility of setting up a National Health Insurance scheme that could cover the islands entire population.The Insurance Board of Sri Lanka (IBSL) is in the process of studying the possibilities of setting up such a nationwide insurance scheme.rn rnThe government through budget allocations, funds most of the countrys health […]
Money Money
Central Bank has started issuing Central Bank securities to check reserve money growth, as its own supplies of treasury bills dwindle away.ldblquote We started issuing Central Bank Securities this week, dblquote says Deputy Governor W A Wijewardene.rn rnThe Bank issued about Rs. 2.5 bn worth of Central Bank (CB) securities mainly to EPF endash the […]