Category: Industry
Indian Linkage
Sri Lanka Telecom on Monday signed a US$ 3 mn deal with India’s BSNL and technology giant NEC to set up a point to point fiber optic link between the two countries.Sri Lanka Telecom on Monday signed a US$ 3 mn deal with India’s BSNL and technology giant NEC to set up a point to […]
Pick Up Lines
Sri Lanka Telecom’s mobile subsidiary on Monday said it was repackaging its IDD rates to better cater to its customer base.Sri Lanka Telecom’s mobile subsidiary on Monday said it was repackaging its IDD rates to better cater to its customer base. A Mobitel statement on Monday said customer could choose between a high clarity premium […]
Paper Trail
A new ticketing system for airlines and travel agents will kick off in October this year, cutting the long paper trail between agents and airlines A new ticketing system for airlines and travel agents will kick off in October this year, cutting the long paper trail between agents and airlines Instead of individual ticket formats […]
Amaya Re-emergence
The Connaisance group with a new branding as Amaya Resorts and Spas’ hopes to attract higher spending tourists despite worries about the future course of the peace process. The Connaisance group with a new branding as Amaya Resorts and Spas’ hopes to attract higher spending tourists despite worries about the future course of the peace […]
Bill Me Later
The Sri Lankan government is trying to partly offset monies due to Indian Oil Corp’s local unit by offering assets, treasury bonds and cash, as fuel subsidy payments threaten to snowball to US$ 140 million by year end, officials said Friday.The Sri Lankan government is trying to partly offset monies due to Indian Oil Corp’s […]
That’s Ok
Mercantile Leasing Limited on Friday said its Board had approved a deal to merger with Nations Trust Bank.Mercantile Leasing Limited on Friday said its Board had approved a deal to merger with Nations Trust Bank. News of the merger pushed Mercantile Leasing shares up Rs.2.25 to Rs. 62.25 towards the close of trade. Shares in […]
Virus Travels
Health experts call for vigilance against re-emergence of polio in Sri Lanka, in the face of increasing regional tourism traffic.Health experts call for vigilance against re-emergence of polio in Sri Lanka, in the face of increasing regional tourism traffic. The World Health Organisation (WHO) said on Thursday, that Sri Lanka should be vigilant against an […]
Flight Aborted
A woman was killed and 62 passengers were wounded in a stampede Thursday following a bomb hoax aboard a Saudi Arabian Airlines jumbo jet which was about to take off from Sri Lanka’s Colombo airport, officials said. A woman was killed and 62 passengers were wounded in a stampede Thursday following a bomb hoax aboard […]
Flight Aborted – Update
A woman was killed and 62 passengers injured in a stampede Thursday after a bomb scare aboard a Saudi jumbo jet which was about to take off from Sri Lanka’s only international airport, officials said. A woman was killed and 62 passengers injured in a stampede Thursday after a bomb scare aboard a Saudi jumbo […]
Banker’s Bank
Commercial Bank picked up its fifth consecutive Bank of the Year award given out by British magazine “The Banker”.Commercial Bank picked up its fifth consecutive Bank of the Year award given out by British magazine “The Banker”. A Commercial Bank statement on Wednesday said the magazine’s annual ratings, published in its September 2005 issue, followed […]
New Number
Hutchison will add over 212 new base stations to increase coverage and add some 500,000 more lines to its line capacity.Hutchison will add over 212 new base stations to increase coverage and add some 500,000 more lines to its line capacity. Investment for the expansion was not disclosed, but official said the deal was being […]
Connaissance livens up its image
Hotel chain Connaissance will plough in Rs.600 mn to liven up a tired image, re-branding its resorts and spas to lure high spending travellers to its ‘Amaya’ retreats.Hotel chain Connaissance will plough in Rs. 600 mn to liven up a tired image, re-branding its resorts and spas to lure high spending travellers to its ‘Amaya’ […]