All Blogs
Intel Inside
Leading chipmaker Intel is bullish about the local market for its products. The company says the high social indicators and low penetration of computers leaves a lot of room for expansion.rn rnldblquote Earlier this year 1 billion PCs were sold in the world. If you look at the way they were used 75% was sold […]
Are You Spending More?
The Stock market valuation for most companies has doubled.Even the property market has picked up. rn rnIn effect your net worth could have almost doubled over the last year. rn rnNone of this money though has made it in to your bank account.rn rnBut are you spending more than you usually do? Economists call this […]
Green Deals
The government is tipped to give the mandate to raise long-term dollar funds by as early as October 15, senior Central Bank officials said.Prospective investment bankers have said they could raise the funds within a month if the mandate is given by mid-next week.rn rnThe government plans to raise up to US$ 350 mn in […]
Podi Salli
The Sri Lankan government will go in front of a select band of bilateral donors end November to muster financial support for its preliminary development work in the North and East.rn rnCabinet spokesperson, Prof G L Peiris says the government is working with the Liberation Tigers of Tamil Ealam on identifying immediately needed development work […]
Going Bananas
A tissue cultivation project to grow and sell banana chips became the first recipient of a government funded rural revival fund.rn rnSet up under the aegis of the Rural Economy Ministry, the Rural Economy Resuscitation Fund kicked off Thursday with a pledge to empower rural producers.rn rnThe Treasury has infused Rs. 100 mn as seed […]
Busing It
Peoples Leasing on Wednesday raised Rs.250 mn by securitising part of its Rs.4 bn lease portfolio.rnrnStructured by Capital Alliance, the four-year note was snapped up by top private sector institutions, Peoples Leasing, CEO D P Kumarage told Lanka Business Online.rn rnWhile the funds will go somewhat towards easing the company quote s maturity mismatch, Kumarage […]
Wider Scope
Ceylinco Securities & Financial Services says it plans to get into the investment-banking sector.rn rnCurrently handling all types of investment related work, the firm says it has applied to the Central Bank for a specialized banking licence.rn rnWith eight branches strategically located islandwide, Ceylinco Securities provides a range of services including, stock broking (through Ceylinco […]
Home Extensions
Despite a lack of hype, Lanka Cellular Services, a subsidiary of Hutchison Whampoa Limited will roll out three more GSM switches in Colombo, Kandy and Galle as part of its ongoing network expansion.Hutchison, primarily operating an Analog service, has already deployed a number of Global Standards for Mobile communication (GSM) switches outside Colombo.rn rnThe three […]
Fair Deals
A separate Monopolies and Mergers Commission is being spun off from the new Consumer Protection Act, Fair Trading Commission (FTC) officials said.Modelled on similar anti-trust legislation in other countries, the new Consumer Protection legislation is being split into two, with mergers and monopolies under a separate authority.rn rnIn theory, the new commission will be given […]
Faster Clicks
Intel Corp Tuesday introduced its highest performing desktop microprocessor, the new versions of Pentium 4 chip.At speeds now up to 2.8 GHz, the new processors allow computer users to enjoy broadband audio and video content, games, music, photos and movies.rn rnldblquote The latest Pentium 4 processors, when combined with Intels newest chipsets and the latest […]