Booking Profits
Hatton National Bank on Monday sold part of its controversial stake in Sampath Bank through a private transfer on the Colombo Stock Exchange.The 19 …
All News
Kandy Link
Bids to construct the Colombo Kandy expressway closed Monday, with thirteen parties expressing interest for the project.Early December, the Board of …
Desperate Plea
Pramuka Banks depositors association on Monday appealed to President Chandrika Kumaratunga to intervene and re-open the failed bank.Members walked up …
Funding The Old
The government will shortly send a call out for a chief executive officer to head a newly created office on Pension Reforms.Spearheaded by the …
Long-Term Borrowings
The government is planning to issue its first long term bonds next month on the back of low risk interest rates.A ten-year government bond will be …
Courting The Beauty
Talk about beauty culture and you think of stuff like hair dos and make up. That is pretty much all that most salons in the city offer anyway. online …
Tour De Farce
The future of the tourism industry hangs loose as travel associations squabble over as to that should represent the industry.Some in the trade have …
Little Solace
Depositors of the collapsed Pramuka Savings & Development Bank are likely to get a third of their money back once the liquidation process starts to …
No System Risk
Officials say the collapse of Pramuka Bank will not pose a systemic risk to the financial sector, as most commercial banks did not have links with …
Low Cost Loans
Government has put up Rs. 3 billion to provide low cost housing loans in a bid to raise the levels of house ownership in the country.Specialized …
SET marries BoC ATMs
Sampath and Bank of Ceylon signed a memorandum of understanding to link their automatic teller machines locallyThe deal will create a combined …
Who Pays?
Fixed phone subscribers could pay between Rs. 2.63 to Rs. 6.12 more if all incoming calls to mobile phones are made free from Jan. buy zenegra online …
Lending Long-term
The Central Bank plans to issue a 10-year bond issue in January, as part of its efforts to build a long-term yield curve.Officials from the banks …
Down the Drain
Central Bank today directed its banking supervision department to liquidate Pramuka, after cancelling its licence. An attempt to revive the suspended …
Skills Development
The John Keells Groups IT training arm has put together Global Executive Programme for the working professionals who are aspiring to reach great …
Local Tie
Sampath and Bank of Ceylon signed a memorandum of understanding to link their automatic teller machines locally, a top official said.The deal will …
Caught Out
As regulators continued to probe deeper in to the Pramuka Bank irregularities, a senior bank official was caught red-handed by Central Bank officials …
Home Builders
The Treasury on Wednesday gave a Rs. 3 bn subsidy to local banks, to kick-start the low-middle income-housing segment.Of the Rs. 3 bn loan package, …
Merging Skills
Treasury officials are looking at merging the present Skills Development Fund Ltd with the upcoming Human Resource Endowment Fund that is to be set …
Close Watch
The governments 20 percent stake in Commercial Bank held through Sri Lanka Insurance Corp. has caught the interest of the International Finance CorpA …
Letting Lose
Peoples Leasing Company is scouting for a strategic partner as its parent company is keen to reduce its holding in the company.Formed as a fully …
Colour Guide
In what could lead the way to a common directory for subscribers from all networks, Sri Lanka Telecom today launched its in-house compiled provincial …
Adding Muscle
The Central Bank tightened its hold over licensed specialized banks after the latest amendment to the Monetary Law Act was passed in Parliament.One …