Govt should use mobile phones to tackle poverty: UNCTAD

By Azhar Razak
Governments and policymakers in developing countries should take full advantage of Information and Communication Technologies (ICTs) to combat poverty reduction, a recent research report has highlighted.

Mihin Lanka eyes more destinations with new plane

By Azhar Razak
Sri Lanka’s low cost carrier Mihin Lanka, which currently services five destinations, is planning to add three more destinations, following the lease of a new aircraft expected to come on-board in November 2010.

Keppel Land in town

By Indika Sakalasooriya
A team of officials from Keppel Land, the property arm of the Keppel Corporation, Singapore, one of Asia’s premier property companies, has visited several Sri Lankan blue chips last week, including, Hayleys PLC, Aitken Spence and John Keells, The Bottom Line learns.

Elephant House to introduce ‘ground-breaking’ product

While planning to give a new look to its fizzy drink products following its recent rebranding efforts, Elephant House (Ceylon Cold Stores PLC) is getting ready to launch a new product which would be something ‘ground-breaking’, a source attached to the company said.

Ailing IFL to be recapitalised

The troubled Industrial Finance Limited will be re-capitalised within the next three months, thereby redeeming the nearly 50-year-old institution in danger of going bust, Central Bank Governor Ajith Nivard Cabraal said.

DEBENTURE ISSUE TO PARTLY FUND ‘PORT CITY’ PROJECT

By Azhar Razak

Following the example set out by the Urban Development Authority (UDA), Sri Lanka Ports Authority (SLPA) is likely to opt for a debenture issue to fund the much exaggerated ‘Port City’ project, which plans to change Sri Lanka’s map.