Author: lbostgadmin
Deep Sea Moves
Sri Lanka Telecom sought US$ 5 mn damages from an Indian vessel, which allegedly damaged its undersea international cable.Sri Lanka Telecom sought US$ 5 mn damages from an Indian vessel, which allegedly damaged its undersea international cable. The dominant carrier’s Internet and international call network came to a standstill late Saturday, after a ship’s anchor […]
Looking Below
Increasing competition in goods and services is requiring advertising campaigns to create bigger impacts on consumer choices.Increasing competition in goods and services is requiring advertising campaigns to create bigger impacts on consumer choices. Apart from traditional mass media advertising, companies are now showing interest in below the line activities. Advertisers are also keen to create […]
New cuppa for kings makes the cup overflow for Sri Lanka tea maker
Inspired by a French perfumer and egged on by an English aficionado, a Sri Lankan master tea maker has revived a centuries-old Chinese tradition to make a brew that few but an emperor could afford.Inspired by a French perfumer and egged on by an English aficionado, a Sri Lankan master tea maker has revived a […]
Height of Intelligence
The opposition is blaming bad economic policies for rapid price rises.The opposition is blaming bad economic policies for rapid price rises. The Treasury has made several attempts to correct macro-economic imbalances, but it has been thwarted by its own coalition partners in some cases. The Treasury has at last corrected fuel prices, preventing the build […]
Bankers Parley
Ten years ago bankers focused on decentralizing their operations.Ten years ago bankers focused on decentralizing their operations. But now technology and customer demands are driving the industry to pay more attention on centralizing their business operations. “Now the trend is towards centralization. Most of the banks in Colombo are also for that kind of thing,” […]
Back to USA
Government is reviving plans to use a controversial United States offer to find money for forest conservation.Government is reviving plans to use a controversial United States offer to find money for forest conservation. The Tropical Rainforest Act allows countries, which owe money to the US treasury to channel a part of it to a conservation […]
India and Sri Lanka decide to tighten the knot for a closer fit under free trade pact
The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella.The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella. Delegations will meet in […]
Online Draw
National Lotteries Board (NLB) subsidiary – Online Lotteries Private Limited is drawing dates for its launch, some time in late October. National Lotteries Board (NLB) subsidiary – Online Lotteries Private Limited is drawing dates for its launch, some time in late October. Over 100 internet based terminals to sell games have been deployed already in […]
Refinanced
Asia Capital strengthened its position in the financial sector, finalised a deal to pick up a controlling equity stake in Finance and Land Sales Limited (FLSL) on Thursday.Asia Capital strengthened its position in the financial sector, finalised a deal to pick up a controlling equity stake in Finance and Land Sales Limited (FLSL) on Thursday. […]
Lifting The Veil
The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank. The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank. The bank suspended Pramuka’s licence two years ago, for alleged frauds and mounting […]
Go India
National carrier, SriLankan Airlines is increasing its Indian frequency by to 77, by adding 11 more flights from October.National carrier, SriLankan Airlines is increasing its Indian frequency by to 77, by adding 11 more flights from October. Currently one of the biggest operators into India, SriLankan will add daily or more frequencies to nine of […]
Old Lessons
The government will revisit an annuity model to fund the Colombo Katunayake Highway project, after efforts failed to get former contractor Keagnam back on board. The government will revisit an annuity model to fund the Colombo Katunayake Highway project, after efforts failed to get former contractor Keagnam back on board. Open bids that were to […]