Taxing Problem
June 18, 2006 (LBO) - Sri Lanka's financial sector has been a favorite target of fiscal authorities during the past few years. In addition to an increase in …
June 18, 2006 (LBO) - Sri Lanka's financial sector has been a favorite target of fiscal authorities during the past few years. In addition to an increase in …
June 14, 2006 (LBO) – Sri Lanka's securities watchdog is probing the accounts of forestry management company Touchwood Investments Ltd, to figure out how …
June 13, 2006 (LBO) – Hatton National Bank, Sri Lanka's second largest privately owned lender by assets, has stepped up its micro credit programme by …
June 13, 2006 (LBO) - State bank employees will get a salary hike of up to 20 percent under a new agreement with trade unions. Bank of Ceylon, People’s …
June 08 (LBO) - The newly set up, state-sponsored Lanka Puthra Development Bank is to begin operations by the end of this month, but the bank, which has no …
June 7 (Dow Jones) - Sri Lanka's Richard Pieris & Co. said Wednesday it would make a capital gain of 125 million rupees (1.2 million dollars) from the sale of …
June 6, 2006 (LBO) – Diversified Hemas Holdings Ltd Tuesday posted a 16 percent growth in full-year profits for the year ended March 31, 2006, boosted by …
The newly re-constituted Strategic Enterprises Management Agency (SEMA) says it is reviewing all state institutions under its management and developing action …
June 1, 2006 (LBO) – John Keells Holdings Ltd., Sri Lanka's second-largest quoted company, had a 34 percent rise in its full-year profit as gains from …
May 29 (LBO) – The Korean government gave Sri Lanka a 20 million dollar loan on Monday for an administrative complex in the South to relocate tsunami hit …
May 29, 2006 (LBO) – Bank of Ceylon, Sri Lanka's biggest state owned lender in terms of assets, is confident of making a 4.5 billion profit before taxes …
May 29, 2006 (LBO) – The International Finance Corp, the private sector arm of the World Bank Group Monday launched a 10 million dollar technical …
May 26, 2006 (LBO) – Sri Lanka’s Seylan Bank's credit outlook could be downgraded if the bank fails to beef up its capital, improves profitability …
May 25, 2006 (LBO) – Sri Lanka’s biggest leasing company, People’s Leasing, has begun offering Islamic financial products, catering to …
May 25, 2006 (LBO) – The Hayleys Group said Thursday that Nirmala Gihan Wickremeratne, Deputy Chairman, will succeed Rajan Yatawara as Chairman of the …
May 25, 2006 (LBO) – Sri Lanka is looking at the possibility of taking over the dormant accounts and property deposited in commercial and specialised …
May 24, 2006 (LBO) – People's Bank, Sri Lanka's second-largest state bank in terms of assets, said group net profits for the three-months to March 31 …
May 24, 2006 (LBO) – Authorities in Sri Lanka are stepping up a campaign against pyramid schemes, after learning that promoters were targeting school …
May 23 (LBO) – Local commercial banks with a backlog of un-cleared cheques say the operational glitch will be sorted out by the end of this week. …
May 22, 2006 (LBO) – More than 25 co-operative societies have responded positively to the government's call to revamp their banking units, Commissioner …