Sri Lanka Telecom (SLT) is set to spend an estimated US$200 million on acquiring Sri Lanka's second-largest land-based telephone company Suntel which has been looking for a buyer for the past 12 to 18 months, the Business Times reliably learns.
Sri Lanka Customs will recommence Green Channel examination at the Colombo port for 75 selected local companies as and when approvals are provided, authorities said.
This is essential to importers who face upto Rs.500 million in costs annually that is added to imported goods for delays at the terminals.
