Category: Industry
Looking East
Sri Lanka is hoping to attract more Chinese tourists to the tsunami-hit island with the introduction of direct air services to Beijing, a top official said Thursday.Sri Lanka is hoping to attract more Chinese tourists to the tsunami-hit island with the introduction of direct air services to Beijing, a top official said Thursday. Ceylon Tourist […]
Single Window
The birth of new financial services powerhouse that seeks to take capital-related activities to a new paradigm and across national borders, was announced today by the Bartleet Group, Sri Lanka’s pioneering financial services conglomerate.The birth of new financial services powerhouse that seeks to take capital-related activities to a new paradigm and across national borders, was […]
Second Window
The Commercial Bank of Ceylon has extended its reach in Bangladesh with the opening of a branch at the Bangladesh Export Processing Zone Authority (BEPZA) complex in Dhanmondi, a main commercial hub of Dhaka.The Commercial Bank of Ceylon has extended its reach in Bangladesh with the opening of a branch at the Bangladesh Export Processing […]
Fee Offer
Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Among […]
Cross Purposes
Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the moderates. Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the moderates. Most of the debt ridden electricity giant’s […]
Hello!
Telecom operator Suntel Ltd is rolling out a US$ 60 mn expansion plan over the next three years, after clinching a slot in the 800 Mhz bandwidth recently, company officials said Tuesday.Telecom operator Suntel Ltd is rolling out a US$ 60 mn expansion plan over the next three years, after clinching a slot in the […]
Pension Plans
Over 3000 employees from the three state banks and the Central Bank want the government to reintroduce an employer contributed pension scheme.Over 3000 employees from the three state banks and the Central Bank want the government to reintroduce an employer contributed pension scheme. A Tuesday lunch hour protest saw staff from people’s bank, Bank of […]
Bengal Link
IFS R&D Ltd., the Colombo-based subsidiary of the Swedish ERP (Enterprise Resource Planning) solutions company IFS AB, moved into the Bangladesh market by appointing ICE Technologies as a dealer to market its component-based business applications. IFS R&D Ltd., the Colombo-based subsidiary of the Swedish ERP (Enterprise Resource Planning) solutions company IFS AB, moved into the […]
Water Tight
An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn allocation by the bank to build a new port to the south of the Colombo harbour.An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn […]
Buying Time
A crucial cabinet meeting on restructuring the Ceylon Electricity Board and the Petroleum Corporation has been put off for two weeks, amidst street protests by unions.A crucial cabinet meeting on restructuring the Ceylon Electricity Board and the Petroleum Corporation has been put off for two weeks, amidst street protests by unions. Most of the 52 […]
Tick Tick
Three twisted carriages stand as a grim reminder of the December tsunamis that engulfed the “Ocean Queen” train, sending more than 1,000 passengers to their deaths and ripping up the tracks. Three twisted carriages stand as a grim reminder of the December tsunamis that engulfed the “Ocean Queen” train, sending more than 1,000 passengers to […]
Call for You
Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell says they expect to complete the first phase of their deployment in three months. Telecom […]