Category:
Happy Families
Sri Lanka’s Mercantile Leasing Ltd has formally merged with Nations Trust Bank to become ‘Nations Leasing’, a joint communiqué said Tuesday.Sri Lanka’s Mercantile Leasing Ltd has formally merged with Nations Trust Bank to become ‘Nations Leasing’, a joint communiqué said Tuesday. Prior to the merger, conglomerate John Keells Holdings (JKH) controlled 25 percent in Nations […]
Double Celebration
Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency. Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency. Tech savvy Senkadagala, currently carries […]
Short Call
Sri Lanka’s telecom regulator is reviving a long overdue access-code plan coming under the 2003 international voice market liberalization. Sri Lanka’s telecom regulator is reviving a long overdue access-code plan coming under the 2003 international voice market liberalization. The four digit numbers proposed during the 2003 liberalisation process recommended access codes as a means of […]
Five killed in Sri Lanka blast
COLOMBO, Jan 2 (AFP) – A powerful bomb exploded in Sri Lanka’s restive northeastern town of Trincomalee Monday, killing five people and wounding two, police said. COLOMBO, Jan 2 (AFP) – A powerful bomb exploded in Sri Lanka’s restive northeastern town of Trincomalee Monday, killing five people and wounding two, police said. The victims were […]
Talks key to halting Sri Lanka’s slide to full-scale war: analysts
Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to meet face-to-face and save their fragile truce, according to analysts and mediators.Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to […]
Lucky Strike
People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. The one-year deal allows PLC to open letters of credit up to Rs.3 billion, the firm’s Chief […]
Convenient Marriage
Sri Lanka’s DFCC Bank is in talks with the Distilleries Group to sell off part of its stake in National Asset Management Ltd or NAMAL, a top official said Monday.Sri Lanka’s DFCC Bank is in talks with the Distilleries Group to sell off part of its stake in National Asset Management Ltd or NAMAL, a […]
Sri Lanka launches new India campaign, as Nov. tourist arrivals dip
Sri Lanka is launching a fresh publicity blitz to entice Indians to spend their summer vacation, as the tropical island struggles to fill up hotel rooms that remain largely empty following the tsunami and an outbreak of fresh violence in the northeast, officials said.The tropical island has seen arrivals plummet 25.4 percent to 48,457 in […]
Double Take
Sri Lanka is to double its license fees for lubricant operators and invite more players paving the way for state-run Ceylon Petroleum Corp.to also join the fray, Energy Minister M H M Fowzie said Monday. Sri Lanka is to double its license fees for lubricant operators and invite more players paving the way for state-run […]
‘s slide to full-scale war: analysts
Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to meet face-to-face and save their fragile truce, according to analysts and mediators.Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to […]
Violence destroys Sri Lanka’s post-tsunami tourism revival
BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed by this month’s violence that killed more than 80 people and fuelled fears of a return to war, officials say.BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed […]
Brotherly Act
Sampath Bank said Friday it has infused more capital into Union Bank which will raise its stakes from 16 to 24 percent. Sampath Bank said Friday it has infused more capital into Union Bank which will raise its stakes from 16 to 24 percent. With an extra Rs. 100 million capital infusion, Union Bank now […]