All Blogs
‘s Pan Asia Bank falls short
Sri Lanka’s Pan Asia Banking Corp (PABC) could loose its BB+(sri) rating, if it fails to beef up its capital, Fitch Ratings Lanka warned Thursday. Sri Lanka’s Pan Asia Banking Corp (PABC) could loose its BB+(sri) rating, if it fails to beef up its capital, Fitch Ratings Lanka warned Thursday. As at June 2005, PABC’s […]
Smooth Sailing
Sri Lanka’s John Keells Holdings posted a 12 percent rise in second quarter profits, buoyed by revenues from its transportation unit.Sri Lanka’s John Keells Holdings posted a 12 percent rise in second quarter profits, buoyed by revenues from its transportation unit. Post tax profits for the three months to Sept.30 rose to Rs. 730 million […]
Fly Over
Sri Lanka’s Health Ministry allocates Rs 250 million as initial funding for bird-flue prevention programme. Sri Lanka’s Health Ministry allocates Rs 250 million as initial funding for bird-flue prevention programme. “The prevention programme will increase our capabilities to detect bird flue by increasing laboratory facilities and testing facilities,” said Director General of the Department of […]
Skidding Off
Sri Lanka government shelves private sector funded oil refinery project in Sapugaskanda under trade union pressure.Sri Lanka government shelves private sector funded oil refinery project in Sapugaskanda under trade union pressure. Last week, Cabinet gave the green light for a US$ 800 million oil refinery project financed by US company Global Energy Industrial Operations. Global […]
Light Sentence
Sri Lanka’s insurance watchdog is asking market players to develop more products to cover against natural perils after last year’s tsunami left behind US$ 130 million worth of claims.Sri Lanka’s insurance watchdog is asking market players to develop more products to cover against natural perils after last year’s tsunami left behind US$ 130 million worth […]
Monitor Mission
EU election monitors in Sri Lanka to keep an eye on November Presidential elections.EU election monitors in Sri Lanka to keep an eye on November Presidential elections. “The European Commission is deploying an EU Election Observation Mission (EOM) for the presidential election scheduled to take place on 17 November following an invitation from the Government […]
Going Somewhere?
Sri Lanka among Asian countries most affected by brain drain, says World Bank study.Sri Lanka among Asian countries most affected by brain drain, says World Bank study. Sri Lanka among countries that see a relatively large proportion of educated people migrating in search of greener pastures, says latest World Bank study on international migration. Although […]
False Alarm
Ceylon Petroleum Corporation trade unions say they will not go on strike over a new refinery project, pending a meeting with Premier Mahinda Rajapakse.Ceylon Petroleum Corporation trade unions say they will not go on strike over a new refinery project, pending a meeting with Premier Mahinda Rajapakse. “We objected because we were not fully aware […]
A Little Help
The Central Bank said it is initiating a UNDP funded US$ 1 mn micro financing scheme to revive micro enterprises affected by last December’s tsunami.The Central Bank said it is initiating a UNDP funded US$ 1 mn micro financing scheme to revive micro enterprises affected by last December’s tsunami. The late effort hopes to give […]
SLIC
Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, are acting in a manner that is detrimental to the banking sector.Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, […]