Runaway Runway
The government is reconsidering its plans to build a second runway at the Katunayake international airport.The proposal ran into trouble due to heavy protests …
Industry
Holiday Travel
Three firms including Singapore based SBS Transit has shown interest to buy up a stake in the remaining seven state bus companies. The deadline to submit …
Ringing Loud
Sri Lanka Telecom on Thursday reported a 38 percent surge in after tax profits for the nine months ending September 30, 2002.SLTs net profits touched Rs. 2.425 …
Rolling Business
Bluechip firms are top contenders for a stake in the Sri Lankan lquote sweep industry and are among 30 parties who have taken bid documents, their ticket to …
Air Lock
Talks that started last year with US based Lockheed Martin for Air Traffic management, could bear fruit with an MOU to be signed shortly with the Board of …
Paid Pensions
The new contributory pension fund for public servants has not got parliamentary approval as unions opposing the deal have sought legal action.The present …
Yankee Ties
Eleven local Information, Communication and Technology (ICT) firms will head for the US next week, a mission to woo new business and investment. The weeklong …
Another Trophy
HSBC added another trophy to its acquisition collection by taking over the sole agent for Diners Club credit cards in Sri Lanka and the Maldives.Diners Club is …
On Top Gear
Villa Ocean View, a member of the Ceyko Group, has completed a Rs. 100 mn refurbishment programme in time to ride the wave of resurgence in tourism.buy elavil …
Holy Union
Union Bank hopes to issue preference shares to a consortium of new investors, as part of its efforts to re-capitalise.The consortium led by Sampath Bank plans …
Crisscrossing Lanka
A network of highways is on the cards connecting Jaffna, Anuradhapura and Matara and with the commercial capital Colombo.The contract signing for the first of …
Bailout Plan
Vanik Inc., which has delayed payment on its listed debentures, says it is hoping to pay interest as soon as some planned debt collections come in. online …
What of IT?
Millennium Information Technologys client list was propped up with two new big accounts in 2002, but two other clients going bust contributed to a Rs. 605.31 …
Cruising South
The first phase of the Colombo-Matara Highway kicked off today with the contract handed over to Japanese based construction company, Kumagai-Gumi.The first …
Gambling Ethics
The National Lotteries Board, in its 40th year hopes to promote responsible spending and restrictions selling and employing children under 16. On Tuesday the …
The Next G
Six licences to test and develop 3G cellular services are on offer, valid for one year for strictly non-commercial trial purposes. The Telecommunications …
Traffic Patrol
Consultants appointed to study Sri Lankas frequency spectrum commenced work in December 2002 and are expected to submit the final report before May 2003. D.J …
Cashing In
Coming through a battering last year, all signs are that tourists are flocking back with arrivals shooting up a massive 86 percent in the third quarter 2002, …
Next Halt
The last day to submit expressions of interest for the 39 percent stake in the remaining seven bus companies have been put off till January 10, 2003. The …
Desperate Plea
Pramuka Banks depositors association on Monday appealed to President Chandrika Kumaratunga to intervene and re-open the failed bank.Members walked up to the …