All Blogs
Seylan Bank’s Rs. 1 bn debenture gets BBB+ (sri) rating
Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. The bank is issuing unsecured subordinated debt to meet beef up its capital. […]
Tsunami aid gives Sri Lanka’s balance of payments a boost
The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka’s balance of payments into the black for the first six months of this year, the Central Bank said Monday. The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka’s […]
‘s Rs. 1 bn debenture gets BBB+ (sri) rating
Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. The bank is issuing unsecured subordinated debt to meet beef up its capital. […]
Traffic Jam
Honda Motor’s Sri Lankan agent is investing Rs.100 mn to increase its services capacity, but says taxes and duties could put the breaks on sales growth.Honda Motor’s Sri Lankan agent is investing Rs. 100 mn to increase its services capacity, but says taxes and duties could put the breaks on sales growth. Stafford Motors on […]
Going Native
New laws are in the pipeline to protect ‘traditional knowledge’, including teachings and skills of indigenous Veddah communities. New laws are in the pipeline to protect ‘traditional knowledge’, including teachings and skills of indigenous Veddah communities. The laws could still be two years in the making but a working paper put out by the National […]
Getting Abuzz
Distilleries Company of Sri Lanka Group has bought a 76.6 percent of telco Lanka Bell for US$ 16 million (Rs.1.61 billion), officials said Monday.Distilleries Company of Sri Lanka Group has bought a 76.6 percent of telco Lanka Bell for US$ 16 million (Rs. 1.61 billion), officials said Monday. The move comes after the group’s Milford […]
‘s balance of payments a boost
The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka’s balance of payments into the black for the first six months of this year, the Central Bank said Monday. The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka’s […]
The ‘Red’ Tape
A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A dredger that […]
This For That
Government is likely to lose up to Rs.7 billion in VAT collections after the Cabinet decided to remove the tax from diesel imports.Government is likely to lose up to Rs. 7 billion in VAT collections after the Cabinet decided to remove the tax from diesel imports. The VAT removal legitimizes the Treasury policy towards the […]
” Tape
A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A dredger that […]