Monopoly Class
A new agreement between Emirates and the government to lift catering and ground-handling monopolies at the airport has come under fire, forcing officials to …
Industry
Backdoor Withdrawal
Members of the Employees Provident Fund are using the State Mortgage Investment Bank as a conduit for premature withdrawal of their EPF balances.SMIB has the …
Green Paper
The government has rolled out its first draft of a national eco-tourism policy, mapping out development guidelines for mushrooming, unregulated eco-tourism …
Good Start
DFCC Bank said Wednesday its net profits grew by 14 percent to Rs. 305 mn during the first quarter of this year. online pharmacy buy strattera with best prices …
Picking Up
Standard Chartered Bank said Wednesday that credit demand had picked up marginally, despite an upturn in economic growth this year.The bank said total loans …
Export Plus
The Sri Lanka Export Credit Insurance Corporations is looking to raise its liability exposure to Rs. 40 bn with the expansion of its product portfolio. buy …
Weight Watching
The Airport and Aviation Services, is coming out with a financial package to shed around 1000 excess staff.The voluntary retirement scheme is being firmed and …
Code Share
The telecom watchdog is working on a set of emergency short codes and value added service codes that will work on any network. Fire, police, ambulance, …
Rural Clean Up
The Treasury is to sell off a 47 percent stake it holds in each of the six rural development banks and offer it up to private management.Under the new …
Cost Cutting
Tritel Services is talking to regional telecom players to sell a low cost payphone system designed for thinly populated areas. The card phone system, designed …
Goodbye
The government has announced a massive voluntary retirement package to its employees in more than 50 institutions already identified for closure, merger or …
Come Clean
Depositors have asked for the updated financial status of Pramuka Bank to make a detailed restructuring proposal to Central Bank.ldblquote We need to clean up …
Minor Tremor
A minority stake in Sri Lanka Telecom is unlikely to make it to the market this year, as authorities feel the time is not ripe.The telecom giant has also …
Foreign Deposit
Commercial Bank will seek regulatory approval to acquire Credit Agricole Indosuezs (CIA) Bangladesh operations. The acquisition will give Commercial Bank its …
Pay Me
Telco firms will soon introduce charges to terminate calls on each others networks, a fee expected to cover infrastructure costs. Only Sri Lanka Telecom …
Big League
Indian telco giant, Videsh Sanchara Nigam Limited (VSNL) will transfer part of its international bandwidth on the SEA ME WE III (three) submarine cable to its …
Renewing Ties
Sri Lanka Telecom will restore the microwave radio link that once connected the island to neighbouring India. Operational in the 80s, the link was a key like …
Home Zone
Localising its online service, Emirates on Monday announced the launch of its website for Sri Lanka - www.emirates.com/lk.rnrnThe local extension will provide …
Choppy Ride
The Central Bank on Monday named financial institutions that are not registered with the bank, but continue to raise funds from the public.The 31 companies …
Mop Up
Central Bank sold Rs. 1 billion of its Treasury Bill in the secondary market on Wednesday to mop up excess liquidity in the banking system. online pharmacy buy …