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Cake Walk
Sri Lanka’s Hatton National Bank said Monday that it posted a 777 percent growth in post tax profits for the three-months to Sept 2005.Sri Lanka’s Hatton National Bank said Monday that it posted a 777 percent growth in post tax profits for the three-months to Sept 2005. Group net profit for the third quarter was […]
Candy Man
Sri Lanka plans to lean on foreign aid and debt relief to trim its deficit, though Tuesday’s budget will be sugar coated to woo voters in the run up to next week’s keenly contested presidential poll.Sri Lanka plans to lean on foreign aid and debt relief to trim its deficit, though Tuesday’s budget will be […]
Business As Usual
Commercial Bank will expand its off-shore banking operations outside the country after raising US$ 65 million from international capital markets.Commercial Bank will expand its off-shore banking operations outside the country after raising US$ 65 million from international capital markets. The bank which is already lending actively in the Maldives is looking at other markets like […]
Coming Together
Ministers of South Asian countries keen to promote tourism met in Colombo after Sri Lanka expressed interest to join the region grouping that was financed by the ADB.Ministers of South Asian countries keen to promote tourism met in Colombo after Sri Lanka expressed interest to join the region grouping that was financed by the ADB. […]
Butt end Budget
The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. Uncertainty as to what policies may be implemented or amended after […]
Clear Line
Fixed line giant Sri Lanka Telecom on Monday was granted special leave to appeal a Court of Appeal ruling against its last tariff revision. Fixed line giant Sri Lanka Telecom on Monday was granted special leave to appeal a Court of Appeal ruling against its last tariff revision. The Appeal Court in July ruled in […]
Budget – losing its significance?
While the ‘pre Presidential poll’ budget is being sidelines as election propaganda, the country’s overall financial planning process is also losing its significance.While the ‘pre Presidential poll’ budget is being sidelines as election propaganda, the country’s overall financial planning process is also losing its significance. Successive governments, despite going through the pomp and pageantry of […]
Sri Lanka’s private sector cold shoulders next week’s budget
Budget 2006 goes to Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget.Budget 2006 goes to Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget. Given Sri Lanka’s practice of sudden policy changes and surprise taxes, the […]
India to replace UK as the number one tourists market
Visiting Indians, who pop over for business and shopping bargains, is likely to replace the United Kingdom as the biggest tourism market for Sri Lanka this year, top officials said Friday. Visiting Indians, who pop over for business and shopping bargains, is likely to replace the United Kingdom as the biggest tourism market for Sri […]
‘s private sector cold shoulders next week’s budget
Budget 2006 goes to Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget.Budget 2006 goes to Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget. Given Sri Lanka’s practice of sudden policy changes and surprise taxes, the […]