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Starry Nights
After weeks of frenzied speculation, maneuvering and an advertising blitz, Grant McCann Erickson clinched the campaign of the year, at the Sri Lanka Institute of Marketing quote s (SLIM) annual advertising awards last night.rnrn
Double Issue
The company plans to use the funds to help finance its two power projects in Matara and Horana. rnThe group will issue Rs. 200 mn worth of two-year unsubordinated, unsecured and redeemable debentures with interest payable semi annually.A further Rs. 200 mn worth of four-year debentures with interest payable either annually or semi annually will […]
Picking Up Lost Time
Spearheaded by the Labour Ministry, the initiative will be in the form of a five-year rolling plan, a draft policy of which has already been drawn up. rnrnSponsored by the United States Agency for International Development (USAID), the policy will be managed and implemented by the Labour Ministry. rnrnAt a productivity growth rate of three […]
Tall Order
The accord sets out specific time bound targets including detailed mechanism to monitor progress and also represents ADB quote s long-term commitment to Sri Lanka quote s future economic development, ADB President, Tadao Chino told a news conference. rnrnFinance Minister K N Choksy said the bank quote s assistance would go a long way to […]
Poor Show
The bank is also planning to raise Rs.1 bn to its Tier II capital ratio through a debt instrument or preference shares, to improve its total capital ratio to 11 percent from current 9.53 percent. rnldblquote We have been through hard times, but never like this before dblquote , HNB quote s Managing Director Rienzie […]
Breaking Boundaries
Suntel wOw has signed up with Dialog, Celltel and Mobitel enabling its portal users to send SMS to these networks. rnrnHowever, Celltel and Mobitel users have the added advantage of replying back to the wOw SMS. rnrnldblquote This is a major break through facilitating interactivity between two different means of communication endash the Internet and […]
Poor Outlook
ldblquote 2001 was one of the worst years in terms of economic performance.Poor monetary and fiscal management was compounded by a series of external and internal shocks, dblquote he said addressing a Norwegian Aid delegation on Sri Lanka quote s economic revival plan. rnrnHefty military spending, a stalled privatization programme and mounting losses at key […]
Building Bridges
Finance Minister K N Choksy told a Norwegian Aid delegation headed by Olav Kjorven, Deputy Minister of Development Cooperation that a systematic framework was necessary after the government signed an indefinite truce agreement with the LTTE recently. rnHe said the Relief, Rehabilitation and Reconciliation framework, also known as the lquote Triple R document quote will […]
Hear Us
The system of policy and law enactment has come under fire, for its lack of transparency and closed-door attitude to open discussion and consultation. rnrnIn a statement issued by the trade chamber, ldblquote If the private sector is to be considered the engine of growth, then it is imperative that the business community be informed […]
Future Proof
Speaking to LBO, Intel quote s GM endash Channels South Asia, Amar Babu said though Sri Lanka was behind Bangladesh in terms of sales, it was the fastest growing market in the region. rn rnldblquote With the recent political changeover in Sri Lanka, we expect demand to grow significantly. dblquote rnrnIntel is also pursuing a […]