All Blogs
Limited Edition
The Central Bank has resumed sales for commemorative gold and silver coins from Friday after a temporary halt following an upsurge in world market prices. The Central Bank has resumed sales for commemorative gold and silver coins from Friday after a temporary halt following an upsurge in world market prices. Speculators were minting on the […]
Tax Fix
The ESC tax bomb could land on your doorstep next week but if you ignore it, you’re in for bigger damages. The ESC tax bomb could land on your doorstep next week but if you ignore it, you’re in for bigger damages. The Inland Revenue Dept is targeting Rs 1.5 bn this year from the […]
By Mail
Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. The Dept., with a Rs. 465 million loss last […]
Tough Luck
The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator.The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator. Okanda Finance and Okanda Investments had […]
Changing Tracks
Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year.Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year. Under earlier terms, about eight suppliers would sell […]
Diplomatic moves to extend supplier credit to tide over external shocks and stabilise a nervy rupee
Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said.Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said. […]
Subsidies feed up fat cats and not those that need it, says the International Labour Organisation.
Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO).Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO). A report published by the ILO […]
Short Affair
SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo.SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo. Around 61,000 passengers transit through Bandaranaike International Airport each month, but SriLankan expects only […]
Rate Card
Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. On […]
The Tourist Board acquires land to tempt foreign businessman to invest.
The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling.The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling. The ‘Land Bank’ project mooted last year has identified possible tourism development […]