Yellow Light
A consortium led by the Asia Capital and Richard Peiris Group were given time till July 22 to infuse cash and resurrect Pramuka Savings & Development Bank.As …
Other
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Buying Time
The Central Bank has extended the suspension of Pramuka by another six months, to give monetary authorities extra time to restructure the bank.ldblquote The …
On the Spot
Deregulation of motor insurance premiums has fuelled innovation and profits. rnUntil recently motor insurance was unprofitable due to regulation of premiums by …
ERP Burp
Computers started making an impact on business productivity and speed over two decades ago. Manufacturing companies were some of the first to get software …
Fine Incoming
The telecom watchdogs case against Mobitel (Pvt) Ltd is likely to be settled out of court, with the cellular operator suggesting a compensation package, which …
Taking Money
Parliament is due to pass a new law in February, to round up all financial institutions currently not governed by the Central Bank. The new system will …
Hot Mix
Plantation companies are keen to push through a long over due productivity pegged wage formula when estate worker wages come up for negotiations in June 2004. …
Middle Is Mighty
Central Bank said it is leaving its growth forecast for next year unchanged at 6 percent despite continuing uncertainty in both the political and peace …
Over The Sea
In Baththalangunduwa if you see someone going with a mamoty and a bucket dont think he is going to his vegetable plot or the paddy field. In fact, he wont even …
Love at first SMS
When telephones started, love chats used to be long, but this new SMS culture its just a quickie. Mobile phones have changed us a lot. online pharmacy buy …
Signed & Sealed
The government sold off its holding in Sri Lanka Insurance Corp. to the Distilleries consortium for Rs. 6.05 bn. The new owners plan to list SLIC in two-years, …
Oil Rush
An international road show to offer blocks for oil exploration in the Mannar Basin is expected to kick off early next year. Model Petroleum Resource Sharing …
Showing Teeth
The telecom watchdog flexed its muscle and took Mobitel to the Magistrates Courts for violating the regulators directive. Mobitel launched its GSM network in …
Safe Bet
Sri Lankas first indexed backed commercial paper, linked to the All Share Price Index, was issued to the market on Wed. Structured by National Wealth Corp., …
Cherry Picking
Peoples Banks restructuring committee is likely to be choosy in its search for a strategic partner who will inject capital to the bank. Chairman Lal …
In 2003
rnrnrnrnrnrnrnIn 2003 is a series of reports on some the significant events that rnunfolded in the economy and in Sri Lankan business during thernrnrnrnrnrnIn …
Monopoly Class
An Emirates-Govt. MOU to lift ground handling and catering monopolies has come under fire, forcing officials to rethink concessions. Officials say the MOU in …
Stretch Factor
Sri Lanka will venture overseas with its first attempt at branded rubber - Lankaprene, a premium quality crepe product. The low protein product is positioned …
In 2003 – Calling Bell
After months of intense courtship, Sri Lanka Telecom said it plans to take full control wireless local loop operators Lanka Bell. SLT declined to name the bid …
In 2003
rnrnrnrnrnrnrnIn 2003 is a series of reports on some the significant events that rnunfolded in the economy and in Sri Lankan business during thernrnrnrnrnrnIn …