On Target
The Sri Lankan economy grew by 5.5 percent in the first quarter of 2003, up sharply from growth of 0. online pharmacy …
Breaking Free
Government negotiators have finalised a deal with Emirates to partially lift monopolies enjoyed by the national carrier.Secretary to the Ministry of Aviation …
Why WIFI?
A new wireless way to connect to the Internet is taking the world by storm because access is cheap and fast. The standard popular in the US, connects computers …
Spend It
Shamindra Kulamannage speaks to Bradman Weerakoon, Secretary to the Prime Minister on Sri Lankas aid utilisation. Weerakoon says the government is looking at …
Final Cost
Telco firms on Thursday agreed on a set of termination charges, setting the stage to launch a caller party pays (CPP) regime by September. However, Sri Lanka …
Steam Iron
State officials are looking at ways to implement World Bank recommendations to improve the countrys financial accountability.The recommendations are part of …
Big Smile
Shareholders of the troubled MERC Bank have agreed to sell up to 90 percent of the company to DFCC Bank for just under Rs. 60 mn.MERCs shareholders will sell …
Losing Interest
The Mahapola Trust Fund could pursue legal action against the Presidents Fund to recover over Rs. 1 billion due since 1997. Mahapola Trust officials claim the …
More Probing
Investigations into accounting irregularities at Pramuka Bank are gathering pace with the Sri Lanka Accounting Standards Monitoring Board and the CID …
Rate Card
Telco firms have till the weekend to give a final verdict on termination rates proposed in a new cost based study. Industry giant Sri Lanka Telecom was absent …
More Money
Danish authorities on Tuesday signed a development co-operation agreement to fund a multitude of projects yet to be identified.rnrnThe fresh aid facility will …
Book Keeping
Independent reviews of public sector accounts will take off in July, in line with ongoing reforms to revamp the public sector to be accountable and …
Base Cost
Telco firms will meet the telecom watchdog Tuesday to discuss termination rates proposed in a recent consultant cost study.Telecommunications Regulatory …
Tourism bull
The tourism market is expected to grow at 20% a year over the next five years according to stockbroker estimates. They also say that high spending tourists and …
DFCC gets Merc Bank
DFCC bank plans to offer more commercial banking products to its customers once it acquires a small commercial bank.DFCC says they will not merge operations …
Private port
Colombo South Harbor, which will be more than double the ports capacity to handle containers, is likely to be built with private sector help.Colombo Port will …
Hambantota Woes
The Hambantota Port project may not get off ground as soon as expected, Ports Minister Rauf Hakeem warned today.The Canadian firm SNC Lavelin offered to …
Beyond Beaches
Surviving through two decades of fluctuating fortunes, tourism is now moving to giddier heights of the big spenders and a niche of expensive boutique …
Floodgates
The market raced past the 1000 point mark on Friday in a frenzy of largely local interest, in levels last seen eight years ago.rnrnThe All Share Index climbed …
Quick Time
Sri Lanka Telecom has started rolling out the first phase of its plan to innovative broadband access technologies for residential and business customers. ADSL …