All Blogs
HNB woos
Hatton National Bank says its shares are under-priced by the market.Hatton National Bank says its shares are under-priced by the market. This week it called an analysts conference to show that its shares are worth more than the levels reflected in the current prices. This has led to speculation that the bank could be heading […]
LakeView Economics
The JVP has been accused of blundering in the dark when dictating macro-economic policies to the government.The JVP has been accused of blundering in the dark when dictating macro-economic policies to the government. But its grip on micro initiatives seems to be much better.Its much publicized tank rehabilitation scheme is one such effort. The waterless […]
State of Affairs
Sri Lanka state has been given 90 days to respond to a landmark decision by the United Nations Human Rights Committee.Sri Lanka state has been given 90 days to respond to a landmark decision by the United Nations Human Rights Committee. The decision has opened the way for victims of human rights violations to go […]
Spiriting Cash
Telecom operators are concerned that money meant to finance rural connectivity channeled to the cash strapped Treasury as a temporary measure, will not be available for the industry when the legal framework is ready.Telecom operators are concerned that money meant to finance rural connectivity channeled to the cash strapped Treasury as a temporary measure, will […]
Energy Costs
The government is trying to sell its watered down electricity sector reform plans to lending agencies and top up sector funds this month. The government is trying to sell its watered down electricity sector reform plans to lending agencies and top up sector funds this month. “The government will meet with the ADB and JBIC […]
Mercury Rising
The Treasury says it will try to maintain fiscal discipline and try to keep interest rates low as much as possible. The Treasury says it will try to maintain fiscal discipline and try to keep interest rates low as much as possible. The Treasury is also hoping to keep to an eight percent budget deficit […]
Weakest Link
The Railway Department will begin overhauling 100 km of the islands dilapidated rail track this month at a cost of over Rs 374 mn.The Railway Department will begin overhauling 100 km of the islands dilapidated rail track this month at a cost of over Rs 374 mn. “We have already started transporting concrete sleepers to […]
Lost Crown
Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital.Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital. The premier bluechip has diversified interest in tourism, real estate, […]
Quick Drip
Forty two year old leasing specialist Industrial Finance Ltd is coming out with a rights issue to up capital.Forty two year old leasing specialist Industrial Finance Ltd is coming out with a rights issue to up capital. The privately held company’s core capital stands at Rs.40 mn – just Rs. 10 mn short of Central […]
Shifting Bulge
Former Plantations Minister Arumugan Thondaman shifted baggage to the ruling Freedom Alliance, giving the government its longed for majority.Former Plantations Minister Arumugan Thondaman shifted baggage to the ruling Freedom Alliance, giving the government its longed for majority. Eight seats from the Ceylon Workers Congress will give the Alliance 114 seats in Parliament, one up on […]