HolidayAir, the Lankan low cost airline which was waiting in the wings for more than a year, will finally take off in March next year.
“We are looking to launch on March 10 and will be occupying our operational offices at the Bandaranaike International Airport (BIA) by February,” Arjun Ruzaik, CEO, HolidayAir told The Sunday Times FT.

George Steuart and Co. Ltd, one of Sri Lanka’s oldest companies, has got a new look and big plans for the New Year.
The company is considering venturing into three new areas of business as part of its diversification plans. Building management, construction and healthcare industries are the three main cards on the table for George Steuart in 2007.

The Central Bank is preparing a ‘clearer’ policy on shareholdings limits in commercial banks which are confined to 10 percent per individual or institution but can go up with the approval of the Monetary Board (MB).