Category: Industry
Bengali Capital
London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market.London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market. A statement on Monday said Aureos Capital, through its wholly owned subsidiary – Aureos South Asia […]
Semi-Detached
Newly merged NDB Bank Ltd may look at buying out its partners in its housing bank, with an eye to consolidate operations, officials said Monday. Newly merged NDB Bank Ltd may look at buying out its partners in its housing bank, with an eye to consolidate operations, officials said Monday. NDB Bank – formerly known […]
Flight Options
Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries.Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries. An open skies agreement removes all […]
Donor Cartel
The Treasury Secretary, Dr. P B Jayasundera last week criticised what he called a ‘donor cartel’, whose recommended policies have not been able to lift people out of poverty since the economy was liberalised.The Treasury Secretary, Dr. P B Jayasundera last week criticised what he called a ‘donor cartel’, whose recommended policies have not been […]
Back to Basics
Bank of Ceylon said that earnings will grow around 25 percent after group earnings fell 20 percent last year due mainly to higher taxation.Bank of Ceylon said that earnings will grow around 25 percent after group earnings fell 20 percent last year due mainly to higher taxation. The bank also paid higher a higher 1 […]
Soothing Balm
Ceylon Petroleum Corp (CPC) is issuing additional stocks of petrol on Saturday, to prevent motorists from triggering another panic attack on Sri Lankan fuel sheds, its Chairman said.Ceylon Petroleum Corp (CPC) is issuing additional stocks of petrol on Saturday, to prevent motorists from triggering another panic attack on Sri Lankan fuel sheds, its Chairman said. […]
Panic, Panic
Sri Lankan motorists queued up at petrol sheds late Friday in a bout of panic buying on rumours that fuel shipments due early next week were being delayed.Sri Lankan motorists queued up at petrol sheds late Friday in a bout of panic buying on rumours that fuel shipments due early next week were being delayed. […]
Hello Operator
Dialog Telekom, Telekom Malaysia Bhd’s Sri Lankan mobile unit, is expected to come out with a rating in the coming weeks, officials said Thursday.Dialog Telekom, Telekom Malaysia Bhd’s Sri Lankan mobile unit, is expected to come out with a rating in the coming weeks, officials said Thursday. Sri Lanka’s largest mobile operator has already signed […]
Test Run
Dialog Telekom Ltd., whose shares surged 25 percent on their trading debut today, plans to offer high-speed Internet access on mobile phones as it seeks to cement its place as Sri Lanka’s No. 1 cellular-service provider. Dialog Telekom Ltd., whose shares surged 25 percent on their trading debut today, plans to offer high-speed Internet access […]
Dial 110
A new emergency rescue service deploying ambulances at call can save 30 percent of accident victims who die en-route to hospital in dangerous trishaw journeys.A new emergency rescue service deploying ambulances at call can save 30 percent of accident victims who die en-route to hospital in dangerous trishaw journeys. Trishaws or three wheelers are the […]
Hoteliers to catch elephant ride into a big money market next year
Sri Lankan hoteliers to catch an elephant ride into a big money market next year that could see hotel rooms filling up in the off season.Sri Lankan hoteliers to catch an elephant ride into a big money market next year that could see hotel rooms filling up in the off season. The Jetwing and John […]
Cargo Trouble
Soaring fuel prices are squeezing international trade, with global cargo growth – a leading economic indicator of business – slowing over previous years.Soaring fuel prices are squeezing international trade, with global cargo growth – a leading economic indicator of business – slowing over previous years. Traffic results for the first half of this year show […]