All Blogs
Rate Card
Sri Lanka has only one active rating agency, and a few dozen ratings. India has nearly 1400 ratings and four agencies. In our Q and A this week, the Money Report speaks to Amit Tandon, Head of Fitch Ratings in India. Sri Lanka has only one active rating agency, and a few dozen ratings. India […]
Punters’ Day
Analysts expect a market correction in the coming weeks after the galloping Colombo bourse hit an all time high on Friday. Analysts expect a market correction in the coming weeks after the galloping Colombo bourse hit an all time high on Friday. The rally was sustained by medium capitalized stocks that were snatched up by […]
Gunned Down
Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of Batticaloa, the defence ministry said. Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of […]
Slippery Deals
The government is in the final stages of negotiation with a US based company interested in building a new oil refinery adjoining the one it operates on the outskirts of the capital.The government is in the final stages of negotiation with a US based company interested in building a new oil refinery adjoining the one […]
Japanese envoy to meet Sri Lankan, Tamil leadership on rebuilding funds
A Japanese special envoy is due to arrive here this week for talks with the Sri Lankan president and senior rebels on the risk of losing foreign aid by delaying the peace process, diplomats said Monday.A Japanese special envoy is due to arrive here this week for talks with the Sri Lankan president and senior […]
Giving Up
Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will re-draw the reform plan.Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will […]
Partial Blackouts
Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants including AES Kelanitissa off the grid shortly, resulting in rotating blackouts around the island.Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants […]
Ridding Year 1 school admissions of corruption and influence
Ridding Year 1 school admissions of corruption and influence 1.0 Introduction Getting a child into Year 1 of school, government or private, has become a traumatic and unpleasant event. Principals are being arrested for taking bribes, court cases are being launched, parents stand in line through the night, and children are being coached to lie […]
Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years
Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years. Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years. Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days […]
Good Harvest
The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth in key performance indicators in the first quarter of 2005, despite the adverse effects on its exchange profits by the post-tsunami appreciation of the Rupee against the US Dollar. The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth […]