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Coming Together
Two years after the process started, NDB and its commercial banking arm NDB Bank announced the companies will merge next month, after parliament amended the NDB Act.Two years after the process started, NDB and its commercial banking arm NDB Bank announced the companies will merge next month, after parliament amended the NDB Act. The NDB […]
Clear Run
Sri Lanka was cleared of a tsunami alert after an earthquake of a magnitude of 7.3 on the Richter scale was reported in the Nicobar Islands at 9.42 pm local time, meteorological department officials said Sunday.Sri Lanka was cleared of a tsunami alert after an earthquake of a magnitude of 7.3 on the Richter scale […]
CEB: Plug Pulled
The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government will have to renegotiate funding under its new unbundling plan for the CEB. The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government […]
Fitch Rating upgrades Hatton National Bank’s rating
Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. A (sri) rating denotes a low expectation of credit […]
VAT’s the Fuss?
Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said.Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said. […]
‘s rating
Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. A (sri) rating denotes a low expectation of credit […]
Off The Table
Sri Lanka plans to draw up laws to prevent key state-run companies from being privatised, Finance Minister Sarath Amunugama said Friday.Sri Lanka plans to draw up laws to prevent key state-run companies from being privatised, Finance Minister Sarath Amunugama said Friday. Top on the list is loss making government utilities, Ceylon Electricity Board and Ceylon […]
Blushing Bride?
Sri Lanka’s first listed dotcom is raising cash for expansion, amidst talk of a possible take-over by a company in the medical sector.Sri Lanka’s first listed dotcom is raising cash for expansion, amidst talk of a possible take-over by a company in the medical sector. Each day hundreds of Sri Lankans use www.echannelling.com to make […]
Hurdle One
Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. That […]
‘s the Fuss?
Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said.Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said. […]