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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, […]
Stable Mode
The Central Bank on Tuesday opted not to cut its key benchmark interest rates, buoyed by strong economic recovery and an influx of foreign investments.In May, the bank lowered the overnight repurchase rate or repo rate by 75 basis points to 7.5 percent, while the reverse repurchase rate or reverse repo was reduced by 75 […]
Next Step
Pramuka Depositors warned of possible legal action for damages against Central Bank, KPMG Ford Rhodes & Thornton and the bank management, if authorities proceed with the liquidation of the bank as the deadline for expressions draws close.ldblquote We will sue Central Bank who did not take action for three years and the auditors who endorsed […]
Aid +
The Asian Development Bank, on Tuesday finalised plans to raise its lending assistance to Sri Lanka to US$ 700 million over the next three years. The extended assistance is part of the Country Strategy and Program (CSP) for 2004-2008, approved by ADBs Board of Directors.rn rnThe proposed lending level represents a $100 million increase over […]
Live Trades
Becoming the first in the South Asian region, Sri Lanka quote s inter-bank payment and settlement system went live on Monday, with Rs. 119 bn worth transactions settled at the close of trading.Now generally accepted as international best practice to settle urgent and high value inter-bank payments, the Rs. 900 mn Real Time Gross Settlement […]
Small Wonder
But, Hasitha Premaratne, HNBs Research Manager says, the lack of liquidity and a low free float market capitalisation, is holding Hemas back from rubbing shoulders with other top conglomerates like the John Keells Holdings Group.rn rnClick here for full research report:rnAptly describing the Hemas Group as a lquote small wonder, HNB Stockbrokers talks about the […]
Shining Star
Following the legacy of the famous De Beers diamonds and Tahitian pearls, is a test bed range of branded lquote Sriya Ceylon sapphires, as Sri Lanka stakes its claim in world gem markets. Developed by a British designer and collectively sponsored by industry, this is Sri Lankas first attempt to brand its high quality and […]
Hidden Gems
Following BCGs recommendations, JKH is building a new property development unit to push up returns from its extensive real estate holdings.rn rnWith a free float adjusted market capitalisation of US$ 157.9 mn after its recent bonus issue, JKH now qualifies to climb aboard the Morgan Stanley Capital Indexs Emerging Markets Index, says Hasitha Premaratne, Research […]