SC allows NTT sale of SLT shares
The Supreme Court yesterday terminated the rights
application against the sale of shares held by Japanese NTT
Communication Corporation in the Sri Lanka Telecom allowing the NTT
to sell its entirety of 35.2% of SLT shares to the GTH Malaysia
subject to certain conditions.
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SriLankan carries 3.2 million passengers in 2007
SriLankan Airlines carried 3.2 million
passengers around its global network in 2007, an increase of more
than 100,000 over the previous year. It was the largest number of
passengers carried by the airline in a calendar year since its
inception in 1979.
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Asian Alliance Insurance surpasses Rs. 100mn in profits
Asian Alliance Insurance PLC marked another
successful year recording a profit of Rs. 114 mn before tax and Rs.
113 mn after tax for the year 2007 recording a 60 per cent growth
over the previous year.
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