Changing Act
Plans to set up a common regulator for the communication and information sectors have been activated with a draft bill now available. The draft bill …
Industry
Going Gone
Cabinet on Wednesday agreed to sell Sri Lanka Insurance Corp. to a consortium led by the Distilleries Group for Rs. 6 bn.The Distilleries consortium comprised …
No Votes
Seylan Bank plans to raise about a billion rupees in this year through a combination of equity and debt to boost its capital adequacy.The bank said Monday it …
Little Colombo
A strategy to diversify its business interests will see Asian Hotels Corporation developing its Galle Road front property into Creascat City endash a self …
IBIS Through
Six state bus companies were sold to a British consortium on Monday for a deal worth over Rs. 1.4 bn.Treasury Secretary Charitha Ratwatte and IBIS Managing …
Math Tuition
The Telecommunications Regulatory Commission (TRC) will call for a consultant to come up with a formula to handout subsidies for network rollout in rural …
Light Travel
Plans to ease Colombos mega traffic jams are finally getting off the ground with the Urban Development Authority scouting for investors to set up a mass rapid …
Surging Ahead
Bank of Ceylon said Monday its profits crossed the billion rupee mark in 2002, despite a slight drop in its turnover.rnrnrnrnrnrnrnNew Page 1rnrnrnrnrn rn …
Jungle Management
The immaculate splendour of an exotic luxury resort carefully woven around the tranquil and wild beauty of the Deer Park Hotel, is being transformed into a …
Spring Cleaning
The Employees Trust Fund is talking to potential buyers to dispose its 20 percent stake in NAMAL, a leading unit trust management company.NAMAL or National …
Clean Up
Hatton National Bank said Friday its group net profits rose to 486,976 mn despite a hefty 25 percent provisioning for its bad and doubtful debts.Sri Lankas …
Billionaires Club
State-run Peoples Bank hopes to transfer about Rs. 9 bn of its hard-core large non-performing loans to the upcoming asset management company.The bank managed …
Sinhala Chat
The next release of Microsoft Windows will include Sinhala text support, a Council For Information Technology (CINTEC)committee is working on the details to …
Roving Eye
The Employees Trust Fund is knocking on regulators doors to expand its investment reach, as the local capital markets offer limited scope.The Rs. 40 bn state …
Village Act
The next phase under the flag of liberalisation, the Act to set up the telecom sector development fund was published on Monday, open for a week for public …
Spotting Leopards
Hot on the trail of the eco tourism inclination, Bogawantalawa Plantations is promoting four infrastructure projects among local and overseas investors.Taking …
Opening Runways
The Civil Aviation Authority is awaiting the Ministry green light to open access to all of fourteen airports in the country.The Civil Aviation Authority says …
Wealth Management
The government has formed a new company to manage fee and fund-based activities of state corporations including the Mahapola Trust Fund.National Wealth …
Bigger Footprints
Sri Lankas largest private insurer, Ceylinco Insurance Co. is looking overseas with plans to add a few branches to its existing operations.Talks are under way …
G-Force
Sri Lanka will have its first 3G frequency auction in April, a limited exercise which will offer three slots in the 1800 MHz range.The auction will also be …