Commercial Bank has launched a campaign to encourage its customers to use “online banking” service.
The Bank in a statement issued says it will reward its customers who use its online banking service.
Accordingly the Bank will conduct a draw every month to reward 20 of its online customers who will pay bills above the value of [...]
July 7, 2010 12:38 PM | Posted in
Business & Finance |
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Sri Lanka’s only International Airport in Katunayake will start building its second terminal from next year.
Vice Chairman of the Airport and Aviation Authority Kamal S. Ratwatte said the
US $ 300 million “terminal” once in operation will cater to 6 million passengers per annum.
He said, currently the Colombo Airport only operates with a single terminal consisting [...]
July 6, 2010 4:21 PM | Posted in
Economy |
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A top trade official of the Sri Lankan Government says, if the European Union removes the GSP plus trade concession from Sri Lanka, the Country will Challenge the EU decision at the WTO.
He said, “There is a possibility that we may complain to the WTO”.
The official, who is well versed in International Trade Affairs, also [...]
July 6, 2010 12:36 PM | Posted in
Economy |
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Nadigamvila Kanishta Vidyalaya situated in the deep south of Hambantota received a fully fledged IT lab, helping them to access the world through the worldwide web.
The new IT lab has avoided students having to travel several kilometers to access basic facilities such as Internet and Email, which is not available in the village.
This is an [...]
July 5, 2010 11:43 PM | Posted in
Science & Technology |
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Sri Lanka’s exports during the month of April has seen a growth of 24.2% to earn a sum of US $ 543 million.
While the country’s imports too has increased by a massive 55.8% in April resulting in an import bill of US $ 967 million.
April export surge has been backed by high earnings received from the Industrial [...]
July 5, 2010 11:13 PM | Posted in
Economy |
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Odel IPO which was formally opened for subscription this morning has been oversubscribed.
The offer was closed during the day as it was oversubscribed.
Odel is the country’s first fashion retailer to go public and plans to sell 11.5% of the company’s equity to shareholders.
Total shares offered runs up to 16.7 million and at a price of [...]
July 5, 2010 5:16 PM | Posted in
Markets,
Markets,
Stock Market |
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Central Bank of Sri Lanka is planning to launch a new series of currency notes.
This is the first time since 19 years the Bank is coming out with a new series of currency notes.
Deputy Minister of Finance Dr. Sarath Amunugama revealed this morning that the new series will be issued under the theme of “Development [...]
July 5, 2010 3:49 PM | Posted in
Economy |
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Emirates Airlines have started daily operations from Colombo to Singapore since the 1st of July.
Accordingly, Emirates flight departs Colombo at 14:55 seven days a week and arrives in the Lion City at 21:15.
The return flight departs Singapore at 00:55 and arrives in Colombo at 01:55.
“Singapore remains one of the most popular destinations out of Colombo [...]
July 5, 2010 12:57 PM | Posted in
Business & Finance |
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International Monetary Fund commended the Government’s Tax Reforms process, which it says will help enhance state revenue.
IMF’s Sri Lanka Resident Representative Dr. Koshy Mathai says the “substantial tax reforms” which the Sri Lankan Government has already started will help simplify the entire tax system of the country.
Mathai made these comments while speaking on Art TV’s Sunday [...]
July 5, 2010 11:01 AM | Posted in
Economy |
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Sampath Bank has temporarily restricted the usage of its credit cards in several foreign countries owing to the increase in credit card frauds taking place in those countries.
The Bank says among the identified destinations are Thailand, China, Malaysia, Italy, Spain, Taiwan, Kuwait, Korea, Kazakhstan, Switzerland and Cambodia.
Therefore, Sampath Bank says the usage of all its [...]
July 4, 2010 9:40 AM | Posted in
Business & Finance |
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