Water Wonderland
Colombos only entertainment complex is heading for a wet look, as its new owners make Rs. 1.5 billion investment plans for its future. online pharmacy buy …
Industry
One to Nothing
Interest for a stake in the lotteries business has dwindled to one bidder, from nearly 40 contenders vying for the gamble at the start of the process in …
Looking Pretty
Savings giant NSB got a top SL AAA credit rating from Fitch Ratings Lanka. The rating denotes the highest credit quality and maximum safety. online pharmacy …
Healthy Profits
State owned Sri Lanka Insurance Corporation reported healthy profits despite rising reinsurance premiums.The insurance giant reported a provisional Rs. 753 mn …
Hot Air
Government plans to make Sri Lanka an air-hub after finalising a deal with the management partner of the national carrier.State aviation officials are drawing …
Triple Deck
National Savings Bank got top billing by becoming the first local bank to secure a SL AAA (Triple A) national rating from Fitch Ratings Lanka Ltd for its …
Family Planning
SriLankan Airlines could add up to four new aircrafts to its fleet this year as new destinations come on line. rnSriLankan Airlines Head of Commercial G T …
On Air
The Science & Information Technology Ministry says the consultant has to write out the terms of reference or TOR for the new regulator.rnrnThe TOR will set the …
Oil Clog
Airfares will go up by up to US$ 10 per sector from Wednesday, as carriers try to cover rising fuel costs. Fuel prices since January have shot up from 86 US …
Mark Up
Sate insurance giant Sri Lanka Insurance Corp. (SLIC) posted a provisional Rs. 753 mn profit for 2002, despite rising reinsurance premiums.Net earnings in 2001 …
Cargo Business
SriLankan Cargo, the cargo arm of SriLankan Airlines, has handled the largest volume of transhipment cargo in January 2003 since July 2001.The volume of …
Catch Up
The Asian Development Bank (ADB) is giving US$ 150,000 by way of technical assistance to carry out a survey on Sri Lankas business climate.ADB on Wednesday …
Varsity Basics
A World Bank project to revamp tertiary education, pegging university funding to performance for the first time, will be rolled out by May this year.The US$ 43 …
Green Talk
The International Finance Corp (IFC) has offered a US$ 10 mn term loan facility to strengthen Commercial Banks lending portfolio.ldblquote We are finalising …
Cutting Cables
The telecom regulator on Monday lent an ear to the industries woes with Sri Lanka Telecoms (SLT) international bandwidth operations. The hearing follows the …
Fresh Notes
Capitalising on recent budget initiatives, Nextventures Ltd, is seeking Rs. 300 mn through a private placement to start a new fund.Nextventures Fund One (Pvt) …
Safe Hands
Commercial Bank of Ceylon has floated a share ownership trust called Jaycey Trust Services to acquire and hold shares on behalf of its employees.In a statement …
Profits Mirage
Peoples Bank reported a billion rupee in profits last year, the largest in its history.The bank has managed to now cut in half its negative net worth over the …
Citibank First
Citibank became the only foreign bank to get a credit rating on the local scale when they made public their AAA rating. The bank says the rating obtained for …
Independent Opinion
Commercial Bank plans to tap the market for Rs. 4 bn with the backing of an issue rating from Fitch.The bank already has an AA+ rating for its senior …