Category: Industry
Tighten Belts
Asia will feel the weight of economic adjustments in China and the US, warns Asian banking giant HSBC.Asia will feel the weight of economic adjustments in China and the US, warns Asian banking giant HSBC. Addressing the local business community in Sri Lanka, HSBC’s chief economist for the Asia Pacific region, Arup Raha said monetary […]
Re-dial
Dialog on Tuesday tapped HSBC for a Rs. 2.46 bn five year loan to pay back its Malaysian parent. Dialog on Tuesday tapped HSBC for a Rs. 2.46 bn five year loan to pay back its Malaysian parent. The loan carries a SLIBOR +1.4 percent interest payable over the five year period in equal semi […]
Quick Fire
Prudential Assurance Ltd, is hoping its inhouse expertise to structure financial packages, will help gain a toe into Sri Lanka’s competitive insurance market.Prudential Assurance Ltd, is hoping its inhouse expertise to structure financial packages, will help gain a toe into Sri Lanka’s competitive insurance market. Prudential – no connection to the international insurance giant – […]
Counting Chickens?
State-run Bank of Ceylon is negotiating with the Treasury to re-price Rs.9.3 billion worth of government bonds which come up for renewal next year.State-run Bank of Ceylon is negotiating with the Treasury to re-price Rs. 9.3 billion worth of government bonds which come up for renewal next year. The fixed rate bonds were issued to […]
Bad Line
The proposed caller party pays (CPP) interconnection regime continues to receive negative feedback as the regulator hears public opinion on the issue this week.The proposed caller party pays (CPP) interconnection regime continues to receive negative feedback as the regulator hears public opinion on the issue this week. A series of three public hearing will end […]
Dialing Now
Incumbent fixed line operator Sri Lanka Telecom says it could be issued with a CDMA wilress services license as early as Thursday. Incumbent fixed line operator Sri Lanka Telecom says it could be issued with a CDMA wilress services license as early as Thursday. Telecom Chairman Anil Obeyesekere told reporters in Colombo on Tuesday that […]
Plug ‘N Play
Suntel Ltd., a unit of Sweden’s Overseas Telecom AB, has launched a pre-paid fixed line service with an eye to tap the low and middle income segments, officials said Tuesday.Suntel Ltd., a unit of Sweden’s Overseas Telecom AB, has launched a pre-paid fixed line service with an eye to tap the low and middle income […]
‘N Play
Suntel Ltd., a unit of Sweden’s Overseas Telecom AB, has launched a pre-paid fixed line service with an eye to tap the low and middle income segments, officials said Tuesday.Suntel Ltd., a unit of Sweden’s Overseas Telecom AB, has launched a pre-paid fixed line service with an eye to tap the low and middle income […]
Hoteliers and inbound tour operators say tourism industry in dire straits
Tourism authorities say tourist numbers to the island are increasing but hoteliers and inbound tour operators say the industry is in dire straits.Tourism authorities say tourist numbers to the island are increasing but hoteliers and inbound tour operators say the industry is in dire straits. According to Tourist Board statistics tourist arrivals increased 35 percent […]
Flight Options
Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries.Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries. An open skies agreement removes all […]
Bengali Capital
London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market.London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market. A statement on Monday said Aureos Capital, through its wholly owned subsidiary – Aureos South Asia […]
Semi-Detached
Newly merged NDB Bank Ltd may look at buying out its partners in its housing bank, with an eye to consolidate operations, officials said Monday. Newly merged NDB Bank Ltd may look at buying out its partners in its housing bank, with an eye to consolidate operations, officials said Monday. NDB Bank – formerly known […]