Bits and Baggage
Waving in traffic from the web, the Tourist Board will try to lure elusive travelers from the US, Canada and Australia, with a portal for online …
Industry
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Tripling Over
Hatton National Bank Ltd said Tuesday its full year group profits nearly tripled as it notched gains from its bond portfolio, despite hefty provisioning. Group …
Jumping High
Ceylinco Life has ended fiscal year 2003 achieving its declared goal of crossing the three billion rupee mark in premium income.In results released this week, …
Private Tours
Privately owned helicopters could come to the rescue in medical and natural disasters and fly in to transport shipping crew between land and sea before …
Call Forwarding
The roll out of a free incoming to mobile phones regime is being pushed back once again, this time to allow for greater public awareness. The telecom watchdog …
Love From India
The promoters of Indias first Mass Rapid Transport (MRT) system have offered to help the government to set up a similar system to help ease congestion in …
Second Round
Private bus owners are lobbying the government to remove VAT payments slapped on lease rentals of registered buses.Currently, around 17,500 private passenger …
Life Cycle
The Treasury last issued the letter on March 13 2003, with the hope of finding fresh investors and to allow the bank to continue its normal banking …
Taking Bets
Working towards meeting a mid year target to launch Sri Lankas second online lottery, the Aitken Spence endash Getch Corp., partnership will invest Rs. 1.2 bn …
Netting It All
Top air cargo equipment maker Bridport Aviation, is using its Sri Lankan production base to tie-up new markets in Asia.Bridport already claims a third of the …
Bending Rules
The government will amend its newly minted labour retrenchment formula to raise the maximum compensation ceiling from 30 to 50 months of salary.rnrnThe new …
Extended Version
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Small Change
The state is looking at absorbing up to about 25 percent or as much as half the cost of laying rain guards for rubber trees on smallholder estates this year. …
Going Offline
Stepping up its presence from a standalone internet service provider, Eureka on Tuesday said it has repositioned its business to become an IT solutions …
Quick Dip
Conglomerate Hemas Holdings delved deeper into the tourism sector on Monday to pick up a 47 percent slice in Associated Hotels, the owning company of Lihiniya …
Different Lines
The telecom watchdog is looking at giving payphone operator Tritel, a facilities based licence to allow it to penetrate deeper into the rural areas. Tritel has …
Bits of Crime
The long overdue Computer Crimes Bill is low on ram, but more laws are on the way to legalise digital signatures and set minimum security standards for …
Korean Chips
Koreas Myunghim Lanka (Pvt) Ltd has signed up to build a US$ 18 mn township development project in Kalutara.The Board of Investment says the 100 percent South …
You Call You Pay
Fixed line and cellular subscribers will pay up to Rs. 5 more per minute for calling a mobile user, possibly from March 1. The additional charge comes with a …
Steady Ship
DFCC Bank saw a 16 percent rise in net profits for the nine months ending Dec. 2003, largely aided by falling interest rates and revenues from its associated …