Category: Industry
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 […]
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. […]
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 […]
Behave!
Police behaviour is under fire again with yet another human rights group demanding greater disciplinary control over Sri Lanka’s 65,000 strong police force. Police behaviour is under fire again with yet another human rights group demanding greater disciplinary control over Sri Lanka’s 65,000 strong police force. A civil rights group called Janasandanaya is the latest […]
Asian Hotels & Properties Ltd.’s upmarket 30-storey condominium, has sold 25 of the 200 odd units during three weeks of pre sales.
Asian Hotels & Properties Ltd.’s upmarket 30-storey condominium complex, the Monarch, has sold 25 of the 200 odd units during three weeks of pre sales. Asian Hotels & Properties Ltd.’s upmarket 30-storey condominium complex, the Monarch, has sold 25 of the 200 odd units during three weeks of pre sales. Prices start from US$ 150,000 […]
Change Of Address
Pramuka Bank’s operations have been shifted to the Central Bank’s Staff Training Centre in Rajagiriya, freeing up precious millions to pay up depositors, the Central Bank said Thursday. Pramuka Bank’s operations have been shifted to the Central Bank’s Staff Training Centre in Rajagiriya, freeing up precious millions to pay up depositors, the Central Bank said […]
‘s Dream
Standard Chartered Bank is offering zero interest rate instalment schemes on purchases made on its credit cards.“People usually have about two or three cards in their wallet, but we want to be the preferred card, when it comes to purchasing things as there is a lot of value addition,” says Vishnu Mohan, CEO Standard Chartered […]
Shopper’s Dream
Standard Chartered Bank is offering zero interest rate instalment schemes on purchases made on its credit cards.“People usually have about two or three cards in their wallet, but we want to be the preferred card, when it comes to purchasing things as there is a lot of value addition,” says Vishnu Mohan, CEO Standard Chartered […]