All Blogs
Re-Planning Colombo
Over US$ 300mn in Foreign Direct Investment is expected by the end of the year, one of the highest inflows during recent years. The national investment promotion agency BOI says that the country is now attracting investments from all over the world with strong inflows from the Asian region.rnStrategies to attract investments are also seeing […]
Durdans Comes Out
Durdans Hospitals is planning to go public next month.The hospital started in 1945, as one of the first private healthcare ventures in the island, will seek to raise Rs.240 mn through the IPO.rn rnThe money will go towards adding more floor space and upgrading equipment at the hospital.rn rnThe shares will be issued at a […]
Netting The LTTE
International donors to the country are trying to set up a mechanism through, which the LTTE could directly get involved in aid disbursement to the North and East.Japanese envoy Yasushi Akashi told the press that they hope to identify a mutually acceptable solution to this problem soon.rn rnldblquote We hope they will work in such […]
I Will Tell
Distressed depositors of the failed Pramuka Savings & Development Bank say that they are complaining to Courts that the Central Bank is not properly carrying out judicial orders.Pramuka Bank has failed to attract serious investor interest, after Central Banks deadline lapsed on Wednesday.rn rnOn Friday, depositors wrote to the Monetary Board complaining that they had […]
Share Swap
Sri Lanka Telecom has traded in its Rs. 138 million interest free loan given to Mobitel, for an equity stake in the cellular operation.SLTs Board of Directors also approved Rs. 500 million in fresh capital infusion into the cellular operator, increasing its investment in the subsidiary by Rs. 638 million or 63.8 million fresh shares […]
Aid Review ~ 01
Japans special envoy Yasushi Akashi says the government and the LTTE need to resume talks urgently. Akashi said the donor community is expecting the two parties to resume talks within the next few weeks.rn rnAkashi made his observations at the close of the first follow up meeting to the Japan donor conference in June. rn […]
Shrinking Fast
Sri Lankas trade deficit for the first seven months of this year shrank to US$ 824 mn as the countrys import bill galloped ahead of export earnings.The Central Bank said on Friday that cumulative export earnings during the period rose 18 percent to US$ 2.871 bn, while the import bill picked up by eight percent […]
Banyan Roots
Returning to where it was all supposed to begin over 10 years ago. Sri Lanka the prime destination for a concept that is intricately woven into the splendours of the land, crafted to perfection by its staff to bring an experience that will make you smile.Making up for lost time, Banyan Tree Holdings is once […]
Hot Cuppa
Plantation companies are feeling the pinch in profits due to restricted cash flows and high input costs, leaving little to plough back into replanting and development. Most estates have been plagued by high labour costs following a wage increase last June and persistently low prices for tea at the auctions. Costs of production have grown […]
Sunnytimes Ahead
Earnings for Taj Lanka Hotels Ltd., the owners of Taj Samudra Hotel in Colombo and Taj Exotica Hotel in Bentota, are expected to top Rs.155 mn for the financial year 2003/4.rn rnLanka Orix Securities in a research report says Taj Lanka Ltd will also greatly benefit from the ongoing tourism boom and falling interest rates, […]