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Sri Lankan presidential poll turns into vote on peace process: analysts
Pre-poll pacts by the prime minister have effectively turned Sri Lanka’s presidential vote into a referendum on Norway’s peace bid and cast doubts on a 3.2 billion dollar foreign aid package for tsunami recovery, analysts said. Pre-poll pacts by the prime minister have effectively turned Sri Lanka’s presidential vote into a referendum on Norway’s peace […]
Sri Lanka’s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
‘s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
Paper Trail
A new ticketing system for airlines and travel agents will kick off in October this year, cutting the long paper trail between agents and airlines A new ticketing system for airlines and travel agents will kick off in October this year, cutting the long paper trail between agents and airlines Instead of individual ticket formats […]
Fashionable Economics
It was only last week that I wrote in these columns that we will soon be entertained by election time economic theories of the soon to be formed alliance between the JVP and the Honorable Prime Minister (Mahinda).It was only last week that I wrote in these columns that we will soon be entertained by […]
Pick Up Lines
Sri Lanka Telecom’s mobile subsidiary on Monday said it was repackaging its IDD rates to better cater to its customer base.Sri Lanka Telecom’s mobile subsidiary on Monday said it was repackaging its IDD rates to better cater to its customer base. A Mobitel statement on Monday said customer could choose between a high clarity premium […]
Indian Linkage
Sri Lanka Telecom on Monday signed a US$ 3 mn deal with India’s BSNL and technology giant NEC to set up a point to point fiber optic link between the two countries.Sri Lanka Telecom on Monday signed a US$ 3 mn deal with India’s BSNL and technology giant NEC to set up a point to […]
Amaya Re-emergence
The Connaisance group with a new branding as Amaya Resorts and Spas’ hopes to attract higher spending tourists despite worries about the future course of the peace process. The Connaisance group with a new branding as Amaya Resorts and Spas’ hopes to attract higher spending tourists despite worries about the future course of the peace […]
Standing Tall
Increasing land prices and demand for houses are pushing developers to launch taller building projects and even larger suburban housing projects. Increasing land prices and demand for houses are pushing developers to launch taller building projects and even larger suburban housing projects. Sri Lankans living abroad and falling interest rates have helped drive property prices […]
Top international credit rating agencies fly in to rate Sri Lanka
Top international credit rating agencies fly into Sri Lanka, as the country pushes ahead to secure a sovereign rating before end November, officials said Friday. Top international credit rating agencies fly into Sri Lanka, as the country pushes ahead to secure a sovereign rating before end November, officials said Friday. Officials from Fitch Inc of […]
That’s Ok
Mercantile Leasing Limited on Friday said its Board had approved a deal to merger with Nations Trust Bank.Mercantile Leasing Limited on Friday said its Board had approved a deal to merger with Nations Trust Bank. News of the merger pushed Mercantile Leasing shares up Rs.2.25 to Rs. 62.25 towards the close of trade. Shares in […]
Norway to send envoy to Sri Lanka truce talks
Peace broker Norway said it would send a special envoy to Sri Lanka to help save a troubled ceasefire after admitting it had failed to secure agreement about a venue for planned talks.Peace broker Norway said it would send a special envoy to Sri Lanka to help save a troubled ceasefire after admitting it had […]