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Population Pills
Sales of the morning-after pill are soaring at 30,000 packs a month, as lquote Postinor takes over from males reluctant to snap on that condom.rn Only 3.3 percent of males use condoms, with birth control largely geared toward females – an imbalance the Family Planning Association is trying to alterrn rnldblquote Males still think family […]
Tele Bond
Sri Lanka Telecom hopes to tap the overseas market to raise up to US$ 100 mn via bonds for its expansion plans next year.The issue, which is likely to come out next March or April, will be the first overseas debt paper to be offered by any Sri Lankan firm.rn rnldblquote The size of the […]
Its A Wrap
Upcoming debt market specialist, National Wealth Corp. wrapped up a complex debt-restructuring deal for the governments supermarket chain.rnrnrnrnrnrnNew Page 1rnrnrnrnrn Arnconsortium of six commercial banks endash Bank of Ceylon, Peoples Bank,rnCommercial Bank, HSBC, Hatton National Bank and Seylan Bank endash inked the dealrnon Monday, in what NatWealth claims is the largest debt restructuring deal inrnSri […]
Mock Runs
The Central Bank plans to start mock runs for scripless trading on government securities next week after parliament approved the legislative amendments.Deputy Superintendent Public Debt, Dr.W M Hemachandra says trial runs for market participants starts off on Dec.9, with live runs schedule to take place at the end of January.rn rnAmendments to the Registered Stock […]
New Cap
Prof. Priyantha Wijayatunga will takeover as the Director General of the newly minted Public Utilities Commission from Dec.8.Wijayatunga is currently the Dean of the faculty of Information Technology attached to the University of Moratuwa.rn rnThe Public Utilities Commission regulates key sector like ports, airports, petroleum, water, highways and roads. rn rn
Switching Networks
Sri Lanka Telecom is expected to come out with a price tag for Lanka Bell next week, after concluding a due diligence on the small fixed access operator.The incumbent operator has been actively pursuing Lanka Bell and slipped an engagement ring for a due diligence study in October.rn rnSLT is asking full control or at […]
The Point Is’85
Consolidation in the financial sector over the last few years has resulted in small banks that were struggling for survival being taken over by the larger players. Banking sector analysts say the trend will continue leaving half a dozen banks dominating the financial landscape.rn rnBut it is not just the banking operations that are seeing […]
Natures Reward
The Association of Chartered Certified Accountants of the UK introduced their environment and social sustainability reporting awards to the country recently.ACCA says both listed and unlisted companies can submit their annual reports for the first awards starting next year.rn rnThe awards system comes on the back of growing pressure from stakeholders for greater disclosure in […]
’85
Consolidation in the financial sector over the last few years has resulted in small banks that were struggling for survival being taken over by the larger players. Banking sector analysts say the trend will continue leaving half a dozen banks dominating the financial landscape.rn rnBut it is not just the banking operations that are seeing […]
Glorious Colombo
Prime Colombo land including the Colombo port should be available for private sector developers according to a Colombo City Master Plan to be unveiled soon. The first land to come up for private sector development is however a nine-acre plot in Colombo Fort for commercial development.rn rnIt is not unusual for old buildings to be […]