Lending for SriLankan
A consortium of local banks sealed a deal with SriLankan Airlines for a full dollar loan of US$ 22.5 million this week. A consortium of local banks sealed a …
Industry
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Level Ground
The District Court on Friday vacated an interim injunction against the ICTA, but the agency is still bounded by an injunction by the Appeals Court. buy …
Off the Track
The government this week agreed to acquire fifteen new diesel engines and 100 coaches to help improve the Railway Authority’s commuter service. buy vilitra …
US gives US$ 20,000 to restore Matara monuments
The United States will spend US$ 20,000 to restore historical sites in Galle and Matara, including the Dutch Fort that took a beating from last December’s …
On A Platter
SriLankan Catering, a subsidiary of SriLankan Airlines on Thursday inked a deal to borrow US$ 22.5 million from a consortium of local banks to build a new …
Flight Trouble
SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire. …
German Help
Germany has extended two loans worth 20 million euros each to Sri Lanka to be utilized for long-term investments by private sector companies, the Finance …
Reserve Power
The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six months, even as unions relent on a new reform …
Fresh Draft
The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints. …
Hubbub for Sri Lanka’s financial hub
Sri Lanka's main financial centre near the president's official residence was declared a high security zone as the opposition today led an unprecedented march …
Phew!!!
Apparels exported to the European Union got duty free access from this month but the industry doesn't expect an immediate spike in volumes due to other …
Sharing Grief
Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said it could …
Quick Jab
Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. Sri Lanka has secured US$ …
Watch Out
Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two nations, but hoped …
Travel Allowance
Mobile operator Dialog Telecom’s revenues could be significantly under forecasted, with potential increases in revenue from segments including automatic …
Disney Channel
Sri Lanka's main tsunami relief agency today claimed progress in building "transitional shelter," but their figures showed that at least 11,500 houses had …
Square One
Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week. online pharmacy buy spiriva inhaler with best prices today in the …
First Gear
With tough rules of origin, Sri Lanka may be slow to draw on the benefits of the European Union’s new GSP Plus scheme, but euphoria will bring in the …
Increased Float
The ADB has agreed to increase its component in funding the US$ 400 mn initial phase of the South Harbour project to US$ 150 mn. online pharmacy buy diflucan …
Open Wide
Sri Lanka will lobby Malaysia for an Open Skies Agreement this week, freeing up more air routes between the countries, ahead of a second national airline …