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Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image
Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image, the Tourist Board said Thursday. Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image, the Tourist Board said Thursday. “We are going for a makeover to […]
Dusting Powder
The United States on Thu. donated US$ US 330,000 to the Colombo Plan to assist in combating drug use among Asian youth. The United States on Thu. donated US$ US 330,000 to the Colombo Plan to assist in combating drug use among Asian youth. Handing over the cheque, Ambassador Jeffrey J Lunstead commended on the […]
Bad Apples
Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies.Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies. […]
Hit & Run
The Transport Ministry will tap one percent of all third-party insurance to start a hit-and-run fund for pedestrians by end of this year.The Transport Ministry will tap one percent of all third-party insurance to start a hit-and-run fund for pedestrians by end of this year. “We will set up a fund using one percent of […]
Long Life
An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life.An enhanced retirement plan incorporating greater flexibility and additional benefits, has been launched by Ceylinco Life. Among the key features of the Ceylinco Retirement Account (CRA) is its flexibility to adapt to individual customer requirements. Each customer is given the […]
Winter birds flock in, pushing September tourist arrivals up 43%
Tourist arrivals swung upwards in September heralding a bustling winter season and prompting tourism authorities to notch up end of the year targets. Tourist arrivals swung upwards in September heralding a bustling winter season and prompting tourism authorities to notch up end of the year targets. “Normally the winter season starts September October. This year […]
Aii Barry?
Savvy mobile phone owners have adopted the English script to send short messages (SMS) in their local languages.Savvy mobile phone owners have adopted the English script to send short messages (SMS) in their local languages. Cellular operator Celltel’s local language SMS service was slow to take off due to its limited options including the hassle […]
Fuel Vouchers
Lanka IOC is opting for a book building process to raise up to Rs.2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. Lanka IOC is opting for a book building process to raise up to Rs. 2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. […]
Singer gets top rating for its upcoming Rs. 600 mn debt issue to fund higher purchase business
Fitch Ratings Lanka Ltd (FRL) assigns A(sri) national long-term credit rating for Singer (Sri Lanka) Ltd.’s upcoming Rs. 600mn unsecured redeemable debenture issue. Fitch Ratings Lanka Ltd (FRL) assigns A(sri) national long-term credit rating for Singer (Sri Lanka) Ltd.’s upcoming Rs. 600mn unsecured redeemable debenture issue. FRL also affirms A(sri) national long term credit rating […]
Fast Pace
A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market last week, seeking to be a major player in a sector that grew 66 per cent last year.A brand of motorcycles sourced from one of the most advanced manufacturing plants in Asia, entered the local market […]
Rerun
The government has reapplied for a US$ 60 mn loan from the Asian Development Bank (ADB) to restructure national revenue collection.The government has reapplied for a US$ 60 mn loan from the Asian Development Bank (ADB) to restructure national revenue collection. “We (government and ADB) have agreed on a basic outline and we hope to […]
Getting Hitched
Vanik Inc. is in talks with a foreign investor to restructure its balance sheet and fend off bankruptcy proceedings to recover Rs. 4.4 bn in debt. Vanik Inc. is in talks with a foreign investor to restructure its balance sheet and fend off bankruptcy proceedings to recover Rs. 4.4 bn in debt. The ailing merchant […]