New Paint — Budget Update 3
Finance Minister K N Choksy told parliament that the bonds will be issued in both rupee and US dollar denominations. rnrnDollar denominated bonds …
All News
Shifting Direction
The Central Bank revised its short term discount rate today by raising the reverse repurchase rate (reverse repo) to 13.6 percent, from 13.5
Jeremy Here
Carter was in the island early last month to carry out a review of the government fiscal performance that will lead to the release of the next US$ 30 …
Paskiquote s Theories
High non-performing loans of Bank of Ceylon quote s and Peoples Bank were highlighted as the cause for the high intervention cost in the local …
Thinks Of Us
Forex licences are currently limited to licensed commercial banks and money brokers. rnrnFinancial Institutes like DFI quote s are currently barred …
Thinks Of Us
Forex licences are currently limited to licensed commercial banks and money brokers. rnrnFinancial Institutes like DFI quote s are currently barred …
MICE Hunt
Driven by the belief that Sri Lanka can offer more than just leisure tourism, hard driven efforts are underway to harness the business community in …
Plugging The Hole
Tittawelle in his presentation about the role of the government at the financial reforms forum today, identified public service reforms and pension …
Wobble Start
The rupee wobbled sharply against the US dollar, following Central Bank quote s decision to cut its key short-term rates by 50 basis points this …
Do Or Die
ldblquote Some of you will benefit, some won quote t, some will have to close down, but the country quote s economy will flourish as a result of the …
Debt Bank
A senior government official warned that the economy is in a silent crisis, which is evident in the balance sheets of the banks.rnArjuna Mahendran, …
Hole In The Coffers
The Central Bank estimates state revenue at Rs. 275 bn, while total debt servicing stands at Rs. 300 bn, the bank quote s Superintendent Public Debt, …
DEX Exchange
The Colombo Stock Exchange quote s (CSE) is putting the finishing touches to its long awaited debt trading system, which is due to make its debut …
North Bound
rnWith investor interest in the area perking up, development projects are beginning to get underway with road rehabilitation and water/sanitation …
Clean Slate
A top rung Economists is suggesting the government converts one of the two state owned commercial banks to a Non-Performing Loan (NPL) management …
Get Going
Issues ranging from market regulators incompetence to issues that are strangling the debt market, the insurance sector, the Central Bank quote s …
Changing Accounts
At least two local banks are carrying out due diligence studies to make a bid, informed market sources told Lanka Business Online. rnrnLeading …
Risky Business
According to the study, the local banking sector is saddled with a 19 percent NPL ratio and only few banks record a NPL ratio below 10 percent. Cost …
Hot Pursuit
The government today expressed its interest to dispose its 39 percent stake in NIC to the highest bidder. The employees control 10 percent of the …
Paperback Sale
Stamford Press is floating a new company called Stamford Lanka (Pvt) Ltd to acquire LHB from Lake House Investments (LHI). rnrnStamford Lanka will be …
Act Now
Ajantha Madurapperum also called for proactive measures to prevent a liquidity shortfall in the festive month of April. rnrnThe Central Bank cut its …
Northbound
The Mercantile Merchant Bank Ltd (MMBL), one of the two local agents for the Western Union has set on a aggressive expansion drive that will double …
T Txt Msg
Information is sent out in a segmented form according to the needs of different user categories such as superintendents, CEO, division managers and …
Accounting Online
The solution combines IT hardware from IBM, accounting software from Golden Key and telecommunication services of SLT to give companies a ready to …