Author: lbostgadmin
Ceylinco to tap US markets for money to build Hyatt hotel in Colombo
The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo.The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo. The Sri […]
One Year Breather
Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 on repayment of their debt owed to Paris Club members, the Paris Club said Thursday. Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 […]
‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]
Ministerial meeting in Manilato to revive international interest in tsunami rebuilding
The ADB will host a Ministerial meeting in Manila, Philippines, on March 18, to revive international interest in tsunami rebuilding. The ADB will host a Ministerial meeting in Manila, Philippines, on March 18, to revive international interest in tsunami rebuilding. “As the development community’s response to the tsunami disaster is shifting from the relief phase […]
South Asian NGOs meet in Colombo to develop bargaining document for WTO talks
South Asian NGOs want governments to include their concerns when negotiating trade matters under the World Trade Organisation (WTO).South Asian NGOs want governments to include their concerns when negotiating trade matters under the World Trade Organisation (WTO). “Even in South Asia the different countries have different requirements.This is where civil society groups can get a […]
‘s Official
TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. In a statement […]
Mind the gap
The International Monetary Fund says Sri Lanka still has to plug a US $ 420 mn gap in external financing to maintain reserves around US $ 2 bn in 2005, while rising oil prices may expand the need further.The International Monetary Fund says Sri Lanka still has to plug a US $ 420 mn gap […]
Commercial Call
SriLankan Airlines has lost US$ 40 mn during the post tsunami period, and is expected to end the year with a US$ 10 mn loss as falling passenger revenues and rising fuel costs takes a toll on its balance sheet, a top official said Tuesday.SriLankan Airlines has lost US$ 40 mn during the post tsunami […]
Safe Journey
Last year was the safest year for air travel with the least amount of aircraft losses, says the International Air Transport Association (IATA).Last year was the safest year for air travel with the least amount of aircraft losses, says the International Air Transport Association (IATA). “2004 was the safest year ever for air transport,” said […]
Weight Watching
Commercial Bank of Ceylon is actively exploring ways to reduce its pension liability after a u-turn in tax policy cost the group an additional Rs. 67 mn. Commercial Bank of Ceylon is actively exploring ways to reduce its pension liability after a u-turn in tax policy cost the group an additional Rs. 67 mn. With […]
What Responsibility?
Sustainability reporting is still Greek to most listed companies in Sri Lanka while non-listed companies don’t even have annual reports, shows a recent survey.Sustainability reporting is still Greek to most listed companies in Sri Lanka while non-listed companies don’t even have annual reports, shows a recent survey. A survey, by the Association of Certified Chartered […]
Big Bite
National carrier SriLankan Airlines is starting off a daily return service from Colombo to New York’s JKF Airport this month, its CEO said Monday.National carrier SriLankan Airlines is starting off a daily return service from Colombo to New York’s JKF Airport this month, its CEO said Monday. The daily return service which starts on March […]