Crumbling with Age
Old age is catching up with Sri Lanka but taking it slow and easy in comfortable retirement is just not an option available to this islands 19 million people. …
Industry
Flight Freedom
SriLankan Airlines will use its lquote Fifth Freedom aviation rights to carry passengers from Cochin in India to the Maldives, in July.Fifth Freedom rights …
Sharing Wealth
Hatton National Bank is coming out with an Employee Share Ownership Plan to reward staff and give them a sense of partnership.HNBs Chairman/CEO Rienzie T …
Show and Tell
Sri Lanka is drumming up support for an annual regional export sector exhibition, kicking off its campaign with a 4-day local event in November 2004. A …
Flying India
Indias Jet Airways chalked up Colombo as its first international destination on Wednesday, after both governments opened skies recently for bilateral …
Over The Sahara
Indias Sahara Air flew in its first paid-passenger-flight to Colombo on Monday taking Sri Lanka a step closer to the coveted regional tourism hub …
Travel Allowance
Travel exchange specialist Travelex will scale up operation in Sri Lanka to tap into the potential of the peace fueled growth in tourism.Sri Lanka is part of …
Maximum Credit
Standard Chartered will leverage Commercial Banks nationwide branch network to sustain growth in its credit card business. rnrnThe deal will allow Standard …
Socially Accountable
The Institute of Chartered Accountants of Sri Lanka (ICASL) - the countrys auditing standard setting body - is trying to lift the countrys accounting standards …
Calling Colombo
The HSBC Group on Friday finalized plans to pump in US$ 25 mn to set up its seventh group service centre in Sri Lanka, generating over 2000 jobs.The call …
Changing Heads
Hatton National Bank has appointed Rienzie Wijetilleke as new Chairman of the Bank. Wijetilleke will continue as Managing Director. online pharmacy buy …
Overseas Banking
Sri Lanka Export Credit Insurance Corporation (SLECIC) is in talks with a Russian bank, to promote financing of Russian importers of local goods.The company …
Redialing
The telecom watchdog is taking a second look at the controversial Caller Party Pays (CPP) tariffs, this time taking account of its implications to phone …
Hot Chip
Intel Expanded its product offer in Sri Lanka as it faces growing demand for its processors from the state and private sector and a growing population of …
Second Airport
More than 30 international airport developers have shown initial interest in building and perhaps taking a stake in a new international airport in the south of …
Guessing Game
Sri Lanka has made it to the list of developing countries selected for concessional funds under the US governments Millennium Challenge Corporation (MCC).The …
Quick Jump
Union Assurance Ltd said Thursday its net profits have nearly doubled on renewed business sentiment in the overall insurance market.Its consolidate net profits …
Spadework
Sri Lanka Telecom said it was pumping Rs. 600 mn to float a fully owned subsidiary endash Telecom City (Pvt) Ltd. online pharmacy buy diflucan with best prices …
Funding Live
Standard Chartered Bank said on Wednesday that it was the lead arranger to a US$ 86 mn seven-year syndicated loan facility to fund Mobitel (Pvt) Ltd.s …
Not Fair
Sampath Bank chief has rapped authorities for continuing to look at financial instruments as a convenient source of raising revenue.The banking sector …