All News

Official Nod

A top Central Bank official said that cabinet has already approved the issue as part of the government quote s borrowing programme for 2002. rnThe …

Debt For Capital

The bank quote s capital adequacy ratio stands at little over 9 percent, which is just short of the minimum 10 percent criteria Central Bank plans to …

Safety Net

A Fiscal Responsibility Act would also be passed, to ensure the government sticks to its commitments on revenue and expenditure. rnrnAmong the pieces …

Small Start

A gazette notification spelling out the government quote s decision will be announced in August, Treasury sources said. rnrnHowever, broader pension …

Brushing Up

Mopping up past mistakes and infusing fresh discipline in the 225 state owned enterprises, a mandatory Code of Best Practices in Corporate Governance …

Abolished

The Banking Act, the Monetary Law Act and the upcoming Exchange Rate Management Act are likely to be abolished early next year. rnrnOfficials …

US$ 300 mn Hole

Surveys have indicated that unofficial operators are offering attractive rates and better service to expatriate workers. rnThe foreign exchange is …

Last Mile

A meeting today had assessed proposals forwarded by the three short listed consultants.rn rnOfficials say they would seek further clarification on …

Internal Audit

A committee drawn up by the SEC will study wide range of matters including the separation of audit function from consultancy, the rotation and change …

Broad Bell

CEO, Joey Mendoza says the edge would be its pricing and exceptional speed. A combined levy where the internet tariff and the phone tariff are …

Copycat Law

Officials say the draft act that will protect ownership rights was completed early last year and is now pending parliamentary approval. rn rnAn …

Adding Value

Adding Value

However, as always a faction continued on the lines that importation would kill the local plantations and wipe out most of the trade. On the …

Queuing Up

Central Bank officials say J P Morgan, HSBC and Solomon Smith Barney the investment-banking arm of Citi Group have expressed interest to raise up to …

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