Category:
Travelling Light
Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through Dubai.Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through Dubai. Sri Lankans travelling on Emirates Airlines from Colombo […]
Sri Lanka to sell Hilton hotel stake
Sri Lanka’s government plans to sell a stake in the Hilton Colombo, the only five-star business hotel in the capital, to help fund its budget, a hotel official said Monday.Sri Lanka’s government plans to sell a stake in the Hilton Colombo, the only five-star business hotel in the capital, to help fund its budget, a […]
Blank Cheques
Telecom operators are holding back on June payment to the telecom development fund (TDF) after Sri Lanka Telecom held back payments for some 18 month.Telecom operators are holding back on June payment to the telecom development fund (TDF) after Sri Lanka Telecom held back payments for some 18 month. It is understood that as of […]
Co-chairs of peace pull Sri Lanka up for soaring violence
Co-chairs of Sri Lanka’s peace process have rapped the government and Tamil Tiger rebels for escalating violence, warning that it could erode international support.Co-chairs of Sri Lanka’s peace process have rapped the government and Tamil Tiger rebels for escalating violence, warning that it could erode international support. The European Union, Japan, Norway and the United […]
Sri Lanka steps up probe into deaths of Tamil rebels
Sri Lanka has stepped up a probe into charges that security forces were involved in the killing of four Tamil rebels earlier this month in a bid to ease tension in the volatile northeast.Sri Lanka has stepped up a probe into charges that security forces were involved in the killing of four Tamil rebels earlier […]
Setting Sail
Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage.Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage. […]
Criminal Paradise
Delaying the Constitutional Council is paralysing law enforcement and turning Sri Lanka into a criminal paradise, says National Police Commission (NPC). Delaying the Constitutional Council is paralysing law enforcement and turning Sri Lanka into a criminal paradise, says National Police Commission (NPC). The Constitutional Council, mandated under the 17 amendment to Sri Lanka’s Constitution, expired […]
Refreshing the list of ministers
In a very quiet ceremony on Monday morning five cabinet ministers, a non cabinet minister and six deputy ministers took oaths before President Chandrika Kumaratunga.In a very quiet ceremony on Monday morning five cabinet ministers, a non cabinet minister and six deputy ministers took oaths before President Chandrika Kumaratunga. The new appointments filled in ministerial […]
Tigers seek direct foreign aid after Sri Lanka court blocks aid deal
Tiger rebels today asked the international donor community to fund them directly to help tsunami survivors after the Supreme Court effectively blocked a land-mark aid sharing deal.Tiger rebels today asked the international donor community to fund them directly to help tsunami survivors after the Supreme Court effectively blocked a land-mark aid sharing deal. The rebel […]
Parliament approves amendments to Leasing Act
Securitisation deals are expected to multiply after amendments to the Leasing Act cleared legal hurdles. Securitisation deals are expected to multiply after amendments to the Leasing Act cleared legal hurdles. Parliament approved amendments to the Leasing Act this month that would allow lease receivables to be assigned to the Special Purpose Vehicle (SPV) or trust, […]
Poor Performance
Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily accessible.Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily accessible. Unable to compete with bigger firms with secure collateral, they […]
Lending for SriLankan
A consortium of local banks sealed a deal with SriLankan Airlines for a full dollar loan of US$ 22.5 million this week. A consortium of local banks sealed a deal with SriLankan Airlines for a full dollar loan of US$ 22.5 million this week. The syndicate loan arranged by Commercial Bank priced at LIBOR +2.35 […]