Category:
Weak Link
Sri Lanka Telecom’s internet link collapsed late Saturday, when a ship damaged its undersea cable.Sri Lanka Telecom’s internet link collapsed late Saturday, when a ship damaged its undersea cable. The SEA-ME-WE III (South East Asia Middle East Western Europe) links Sri Lanka with the outside world through a landing point in Mount Lavinia. SLT officials […]
Low Fuel
Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Sri Lankan economy is under twin attacks […]
Refinanced
Asia Capital strengthened its position in the financial sector, finalised a deal to pick up a controlling equity stake in Finance and Land Sales Limited (FLSL) on Thursday.Asia Capital strengthened its position in the financial sector, finalised a deal to pick up a controlling equity stake in Finance and Land Sales Limited (FLSL) on Thursday. […]
Online Draw
National Lotteries Board (NLB) subsidiary – Online Lotteries Private Limited is drawing dates for its launch, some time in late October. National Lotteries Board (NLB) subsidiary – Online Lotteries Private Limited is drawing dates for its launch, some time in late October. Over 100 internet based terminals to sell games have been deployed already in […]
India and Sri Lanka decide to tighten the knot for a closer fit under free trade pact
The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella.The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella. Delegations will meet in […]
Old Lessons
The government will revisit an annuity model to fund the Colombo Katunayake Highway project, after efforts failed to get former contractor Keagnam back on board. The government will revisit an annuity model to fund the Colombo Katunayake Highway project, after efforts failed to get former contractor Keagnam back on board. Open bids that were to […]
Go India
National carrier, SriLankan Airlines is increasing its Indian frequency by to 77, by adding 11 more flights from October.National carrier, SriLankan Airlines is increasing its Indian frequency by to 77, by adding 11 more flights from October. Currently one of the biggest operators into India, SriLankan will add daily or more frequencies to nine of […]
Lifting The Veil
The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank. The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank. The bank suspended Pramuka’s licence two years ago, for alleged frauds and mounting […]
Shopper’s Dream
Standard Chartered Bank is offering zero interest rate instalment schemes on purchases made on its credit cards.“People usually have about two or three cards in their wallet, but we want to be the preferred card, when it comes to purchasing things as there is a lot of value addition,” says Vishnu Mohan, CEO Standard Chartered […]
‘s Dream
Standard Chartered Bank is offering zero interest rate instalment schemes on purchases made on its credit cards.“People usually have about two or three cards in their wallet, but we want to be the preferred card, when it comes to purchasing things as there is a lot of value addition,” says Vishnu Mohan, CEO Standard Chartered […]
Change Of Address
Pramuka Bank’s operations have been shifted to the Central Bank’s Staff Training Centre in Rajagiriya, freeing up precious millions to pay up depositors, the Central Bank said Thursday. Pramuka Bank’s operations have been shifted to the Central Bank’s Staff Training Centre in Rajagiriya, freeing up precious millions to pay up depositors, the Central Bank said […]
Asian Hotels & Properties Ltd.’s upmarket 30-storey condominium, has sold 25 of the 200 odd units during three weeks of pre sales.
Asian Hotels & Properties Ltd.’s upmarket 30-storey condominium complex, the Monarch, has sold 25 of the 200 odd units during three weeks of pre sales. Asian Hotels & Properties Ltd.’s upmarket 30-storey condominium complex, the Monarch, has sold 25 of the 200 odd units during three weeks of pre sales. Prices start from US$ 150,000 […]