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New roof for quoted corporate bond market
Sri Lanka’s slow moving quoted corporate bond market is hoping for better times, after hopping over to the specialised debt exchange system (DEX) last week. Sri Lanka’s slow moving quoted corporate bond market is hoping for better times, after hopping over to the specialised debt exchange system (DEX) last week. Owned by the Colombo Stock […]
Quick Fire
Prudential Assurance Ltd, is hoping its inhouse expertise to structure financial packages, will help gain a toe into Sri Lanka’s competitive insurance market.Prudential Assurance Ltd, is hoping its inhouse expertise to structure financial packages, will help gain a toe into Sri Lanka’s competitive insurance market. Prudential – no connection to the international insurance giant – […]
UN says tsunami victims not properly consulted for reconstruction
Seven months after the tsunami, the UN says tsunami victims in Sri Lanka have not been properly consulted in tsunami reconstruction.Seven months after the tsunami, the UN says tsunami victims in Sri Lanka have not been properly consulted in tsunami reconstruction. “Since the tsunami last year, a greater part of post-tsunami relief, reconstruction and rehabilitation […]
Sri Lanka faces Rs. 10 bn revenue shortfall due to recent populist tax cuts
Over one and quarter billion rupees is likely to be lost due to government’s recent Value Added Tax (VAT) exemptions on milk-powder and LP Gas. Over one and quarter billion rupees is likely to be lost due to government’s recent Value Added Tax (VAT) exemptions on milk-powder and LP Gas. A top Treasury source says […]
Curfew in Sri Lanka’s northern Jaffna after top policeman killed
Security was stepped up and a curfew imposed in Sri Lanka’s northern Jaffna peninsula following the murder of a senior police officer and a sharp rise of tension in the area, the military said.Security was stepped up and a curfew imposed in Sri Lanka’s northern Jaffna peninsula following the murder of a senior police officer […]
Commercial Bank structures derivative deal for its leasing unit
Sri Lanka’s Commercial Bank of Ceylon, has structured an interest rate swap with a notional value of Rs.500 million for its leasing subsidiary, the bank said Friday.Sri Lanka’s Commercial Bank of Ceylon, has structured an interest rate swap with a notional value of Rs. 500 million for its leasing subsidiary, the bank said Friday. Under […]
Counting Chickens?
State-run Bank of Ceylon is negotiating with the Treasury to re-price Rs.9.3 billion worth of government bonds which come up for renewal next year.State-run Bank of Ceylon is negotiating with the Treasury to re-price Rs. 9.3 billion worth of government bonds which come up for renewal next year. The fixed rate bonds were issued to […]
Re-routed
Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff is interpreted.Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff […]
‘s northern Jaffna after top policeman killed
Security was stepped up and a curfew imposed in Sri Lanka’s northern Jaffna peninsula following the murder of a senior police officer and a sharp rise of tension in the area, the military said.Security was stepped up and a curfew imposed in Sri Lanka’s northern Jaffna peninsula following the murder of a senior police officer […]
President condemns Jaffna deaths
Sri Lanka’s President Chandrika Kumaratunga has condemned the deaths of a police official and a barber in the northern town of Jaffna Sri Lanka’s President Chandrika Kumaratunga has condemned the deaths of a police official and a barber in the northern town of Jaffna The policeman was hacked to death by a mob after a […]