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., …
Special Reports
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
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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 …
Twelve Ways To Spend
lquote Twas the 12 days of Christmas and lovers in that timeless carol, braved high seas (with a fat wallet) to bring their true love 12 unusual gifts. Care to …
Rough Road
Reckitt Benckiser (Lanka) Ltd put up shutters for its in-house manufacturing and logistics plant with immediate effect, due to haemorrhaging losses. Popularly …
In 2003
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In 2003 Super Chain
Management control and a 40% stake in the state supermarket chain - Sathosa was taken over by a consortium led by Ceylon Biscuits. Richard Pieris, Ceylon …
In 2003
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In 2003 – Under the Banyan
Banyan Tree shelved ambitious plans for Sri Lankas leisure industry and will wait for the current political impasse to pass over. The Group took over …
In 2003 Game GDP
A first Central Bank study on provincial GDP numbers came out in 2003, showing an uneven, imbalanced regional input to economic growth. The Western Province …
In 2003
The new Intellectual Property (IP) law came into force in September giving more power to inventors and artists despite a brief struggle with public interest …
In 2003 – Spin Offs
Downstream petroleum distribution was liberalised this year, being thrown open for three players including state owned Ceypetco. A third player will be …
Let There Be Light
It is beginning to look a lot like Christmas; certainly'85 for traders down Main Street. Traders of Main Street in Colombo Fort have decided to keep shops open …
Alternative Current
The Ceylon Electricity Board (CEB) is likely to develop the 40 MW Broadlands hydro power plant instead of allowing a private company to do it as planned …
Oh SHIT!
Brace yourself for some absurd bit of news '85The Municipal Council is sitting on the idea of charging tax each time you visit the loos! The CMC says it …
The Point Is’85
Consolidation in the financial sector over the last few years has resulted in small banks that were struggling for survival being taken over by the larger …
Lazy Stroll
lquote Nature tourism is still slim business. An expensive niche; But a steadily growing market for eco-tourism are where top hotel chains and other blue-chip …
Sugar Coated Budget
Analysts say the UNF government offered sweeteners to state employees and pensioners while also announcing a string of taxes most of which will be paid by the …
Restart? Retry? Abort?
The IT industry is slowly recovering. And so is demand for IT pros. But the job market for IT professionals has also gone through some rapid changes with …