Spruced Up
Hoteliers in once conflict areas of the north and east can apply for low cost funding of up to Rs. 50 mn to refurbish properties damaged at the height of war. …
Industry
Sweet Music
Telecom operator Suntel has posted a 451 percent growth in net profits for the first six months of this year, largely aided by a gradual drop in interest …
Auditing Auditors
A top-level committee to evaluate the role of auditors has suggested that accounting firms not take up any non-audit services and also opt for compulsory …
Laying Bricks
State housing finance giant HDFC plans to start offering pawning services to allow customers to take out housing loans.Loans linked to its pawning schemes will …
Safe Bet
Mercantile Leasing Ltd has raised Rs. 102.2 mn from the market by securitising its future cash flows.The four-year paper was priced at two percent above the …
Buzzing Out
Dialog GSM will double its network capacity in the Western Province by the year end when its 1800 GHz network is fully deployed. The network being installed at …
Not Genuine
Pramuka Depositors have protested to the Monetary Board that no genuine effort is being made to restructure the failed bank and demanded that immediate …
Courtship Warms Up
Conglomerate John Keells is talking to potential partners to join their bid for an equity stake and management of Peoples Bank.John Keells Holdings Chairman …
New Birth
Sri Lankas second rating agency, Lanka Ratings is expecting to start operations in late October.Ceylinco Group owns a controlling 51% stake in the company, …
Fired Up
The Samurdhi movement came under fire for being over politicised and for its mediocre track record by a committee set up to review public institutions.But …
Second Chapter
The Ceylinco Consolidated Group on Friday signed up with Rating Agency Malaysia Berhad or RAM, to launch Sri Lankas second credit rating agency.rnrnLanka …
Hot Wiring – Updated
The telecom industry is buzzing of an impending marriage between Sri Lanka Telecom and Lanka Bell, the third private fixed operator.Industry analysts expect a …
Fast Track
Union Assurance Ltd has posted a mammoth 227 percent growth in net profits for the first six months ending June 2003.Post tax profits for the period rose to …
Flight Schedule
The government will advertise shortly for private investors to manage its upper airspace, offering also, operations and maintenance at the Bandaranaike …
Product Extension
Hatton National Bank is expanding its treasury operations with plans to start a fund management unit on the cards.Chairman, Chrishantha Cooray says the asset …
Private Help
The countrys top business chamber is trying to raise private sector investments to support the governments development vision.Ceylon Chamber says their annual …
Rallying Support
The Ceylon Chamber will mobilise private sector support for the states "Regaining Sri Lanka" initiative though its annual convention, which hopes to take the …
External Cleansing
The government has sought the Asian Development Bank and World Bank help, to do an impact assessment on the ongoing Samurdhi programme.Donor agencies have been …
Non-elastic
Lack of funding could kill the rubber industrys research arm warns the Rubber Research Institute. RRI officials estimate that over Rs. online pharmacy buy …
Card Games
Fast emerging as a serious player in the local banking segment, Nations Trust Bank on Tuesday launched its own credit card, to add muscle to its growing …