Slow Boat
A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south harbour …
Industry
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Turn Off
Sri Lanka’s nine provincial councils will raise business turnover tax from one percent to five percent on “non-essential” commodities from April 1 to …
Build It and Give It
SriLankan Airlines will hand over flying to a top European destination to its equity partner Emirates and add frequencies to other destinations on the back of …
Shocking
The Finance Minister says improving financial reporting standards will reduce the strain on the government budget The Finance Minister says improving financial …
Seniors First
The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. The Bank of …
Clean Air
A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency …
So, So
Tsunami-battered Sri Lanka on Friday jumped at an offer by the world's richest creditor nations to freeze its debt payments, but hardest-hit Indonesia was …
More Please
Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the end of 2005, but plans to press lenders to extend the moratorium to …
Drifting Apart
Sri Lanka has slipped to the 71 spot (from 66 last year) in the World Economic Forum's Global Information Technology Report. online pharmacy buy diflucan with …
Mix ‘n Match
The International Finance Corporation, the World Bank Group's private sector arm signed agreements with John Keells Holdings to speed the delivery of relief …
One Year Breather
Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 on repayment of their debt owed to …
Ceylinco to tap US markets for money to build Hyatt hotel in Colombo
The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo. …
It’s Official
TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock …
Commercial Call
SriLankan Airlines has lost US$ 40 mn during the post tsunami period, and is expected to end the year with a US$ 10 mn loss as falling passenger revenues and …
Mind the gap
The International Monetary Fund says Sri Lanka still has to plug a US $ 420 mn gap in external financing to maintain reserves around US $ 2 bn in 2005, while …
Big Bite
National carrier SriLankan Airlines is starting off a daily return service from Colombo to New York's JKF Airport this month, its CEO said Monday. online …
Weight Watching
Commercial Bank of Ceylon is actively exploring ways to reduce its pension liability after a u-turn in tax policy cost the group an additional Rs. 67 mn. …
What Responsibility?
Sustainability reporting is still Greek to most listed companies in Sri Lanka while non-listed companies don’t even have annual reports, shows a recent …
Safe Journey
Last year was the safest year for air travel with the least amount of aircraft losses, says the International Air Transport Association (IATA). online pharmacy …
Black Out
Government will lose US$ 100 million in donor funding if overdue CEB reforms are not done by the end the month. buy xenical online …