All Blogs
Fund Raising
Upcoming leasing specialists, Allied Finance has raised around Rs. 100 mn by securitising part of its Rs. 600 mn leasing portfolio. rn rnSecuritisation pools together a group of receivables from financial assets. A trust certificate or a fixed income instrument is then issued to investors based on the strength of the cash flows. rn rnThe […]
BuzzingOA
Final touches are being put in place while being tested across a number of computer devices that supports the software DotNet, is expected to hit the shelves in mid 2003, with a host of new applications and with wider multilingual capabilities.rn rnMeanwhile, the company is also looking at restructuring its licensing policies to cater to […]
Dollar Bond Update
Central Bank is expected to submit a shortlist of investment bank proposals for the monetary board, to raise a dollar loan for the government.Four global investment banks have been short-listed out of twelve applicants to raise US$ 350 mn for the government in the overseas financial markets. rn rnThe shortlist will be presented to the […]
Brand Excellence
The islands top brands will be recognized in the first ever brand awards by the Institute of Marketing.Organizers say the exercise could be an initial step towards including brand valuations in the balance sheets of companies. rn rnThe Awards will recognize top product and service brands. There are also awards for the most Innovative brand, […]
Overhaul of key financial legislations
The Central Bank is seeking consultancy expertise to help overhaul key financial legislations early next year.The US$ 30 mn World Bank grant project will cover the Monetary Law the Banking Act, Exchange Control Act and Finance Companies Act.rn rnOfficials say Institution specific legislation governing the NDB and DFCC will also come under review. They point […]
Computers In Business
A new law that will formally recognize transactions and contracts made through computers is now being drafted officials say.Sri Lankan law does not recognize digital signatures.rn rnAs a result Sri Lankan companies may not be able to make the best use of information communications technology with their counterparts abroad.rn rnThe new law is expected to […]
Cheaper Link
Welcome to the world of Voice Over IP or VOIP.rn rnShamil manages the IT department of the Sentra Supermarket chain. rn rnThey have a few fixed line telephones but they don quote t need to use these to talk between any of their four supermarkets. rn rnInstead these calls are channeled into the company quote […]
Shaking Up Telecom
The agreement will govern how much one operator will pay another for terminating a call in that network.rn rnldblquote Those are the terms and conditions that determine on what terms do we operators interconnect, dblquote explains Suntel CEO Hugo Cederschiold.rn rnldblquote On what charges or fees do we pay each other; what are the call […]
Zero Base Budgets
The cabinet of ministers has also agreed to move to an output based budgeting system in an attempt to create more accountability.rn rnThe government is planning to reduce next year quote s budget deficit from the present eight point five percent of GDP.rn rnPreparing budgets from a Zero base will require ministries and authorities under […]
New Innings
Fledgling financial powerhouse, the Janashakthi Group added another trophy to its growing portfolio by taking over the assets of Mutual Finance and Investments Ltd.rn rnRe-christened as Janashakthi Finance and Investment, the Janashakthi Group forked out around Rs. 7.6 mn to acquire the relatively dormant finance company.rn rnWhile approving the formal takeover, the Central Bank as […]