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Giant Octopus
The UK’s top accounting heavyweights are in exploratory talks for a strategic consolidation, but management accountants would still need to get additional qualifications to sign off a company’s balance sheet.The UK’s top accounting heavyweights are in exploratory talks for a strategic consolidation, but management accountants would still need to get additional qualifications to sign off […]
Traffic Report
Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women trafficking under a decade old law.Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women […]
Government to borrow Rs. 72 bn from the market in October
The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme.The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme. Of the 72,071 mn worth of paper maturing, […]
Deposited Trust
Commercial Bank of Ceylon has put aside Rs.25 mn to set up a social responsibility trust to foster community development projects islandwide.Sri Lanka’s most profitable privately held bank said it would contribute one percent of its post tax profits each year to feed the Trust. For the six months ending June 30, the Commercial Bank […]
Potty Project
Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its sewer lines.Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its […]
USAID puts down US$ 30,000 to help Ampara community
The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in conflict-prone communities.The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in […]
Double Celebration
Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump last year.Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump […]
Safe Pitch
Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank.Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank. With a ‘stable ratings outlook’, an AA- (sri) rating indicates low credit risk and a strong capacity to honour financial […]
Extreme weather continue to beat at high and mid grown tea production
Extreme weather conditions continue to beat at high and mid grown tea production, with the sectors output dropping 10.27 percent since August 2003. Extreme weather conditions continue to beat at high and mid grown tea production, with the sectors output dropping 10.27 percent since August 2003. Asia Siyaka Commodity Brokers reported that the high and […]
Offshore Cover
British insurance giant Aviva will send up to 950 more jobs to India and Sri Lanka in 2005, out sourcing its back office and other support functions.British insurance giant Aviva will send up to 950 more jobs to India and Sri Lanka in 2005, out sourcing its back office and other support functions. The jobs […]