Changing Rules
The securities watchdogs powers were beefed up, after parliament passed its long overdue amendments on Tuesday.The amendments, which were broadly aimed at …
Adieu Oberoi
The days of Lanka Oberoi have ended with a payment of US$ 1.5 million by owning company, Asian Hotels to the international hotel chain. online pharmacy buy …
Gambling Ethics
Sri Lankas only two lottery firms are sprucing up their act as the private sector readies to take up the gamble. On Tuesday the National Lotteries Board (NLB), …
Road Test
Up to five firms are asking for a third generation (3G) mobile testing licence, the response to the Telecommunication Regulatory Commissions (TRC) call that …
Other Options
State run Peoples Bank is looking at alternative options if its proposed capital raising exercise fails to attract the necessary funds.The bank needs Rs. 13.5 …
Hands Off
The government is building barriers between politicians and state banks to prevent directed lending that eventually goes bad, a top official said.ldblquote …
Beware!!
The Central Bank on Tuesday announced a list of firms that were mobilizing public funds without Monetary Boards consent.Naming these institutions is part of …
Fund Raising
Seylan Merchant Leasing, a Seylan Merchant Bank subsidiary, is issuing a Rs. 50 mn four year unsecured, subordinated, redeemable and unlisted debentures to be …
Rights Of Way
Government is talking to Sri Lanka Telecom (SLT) to open up its now exclusive access to submarine cables.Dominant carrier SLT has exclusive access to existing …
The rural call
Local telephone companies have been connecting subscribers at almost record pace over the last few years. The telecom industry was the only one that put in …
Power Politics
The last time Iraq was attacked, over ten years ago, oil prices reached record levels of over US$ 45 a barrel.Analysts expect prices to go the same way if US …
EGO Problems
Telecom operators have ganged up to lobby against the draft External Gateway Operators (EGO) licence published for public comment earlier this week. Senior …
Legal Blitz
Pramuka Banks Directors on Friday filed a writ application at the Appeals Court to overturn Monetary Boards decision to liquidate the bank.The move comes as …
Rupee Hunt
Commercial Bank on Friday said it is raising Rs. 4 bn to meet general business expansion and redeem its Rs. online pharmacy buy amitriptyline with best prices …
Buying Time
Distressed depositors of Pramuka Bank on Thursday secured a stay order to stop Central Bank from liquidating the failed savings and development bank.Thursdays …
Helping Hand
State run Peoples Bank plans to use its extensive pawning network as broader base to popularise micro finance activities throughout the country.With technical …
System Check
Change is in the offing to revamp a highly criticised public sector with a top-level Administrative Committee appointed by the Premier, pushing for a series of …
Great Expectations
Dubai based Emirates Airlines on Thursday unveiled massive new expansion plans to add new aircrafts and extra routes.This year it will add a record 11 new …
Grama Seva
Regional telecom firms could come into play under a state proposal to propagate communication facilities in rural villages. The regional licences will give …
Members Only
New subjects are making their way into CIMA Sri Lankas curriculum, including fashion tips, social dancing and opportunities for networking. All the new …