All Blogs
Dollar bonds in days’85
The government is tipped to give the mandate to raise long-term dollar funds within days.Prospective investment bankers have said they could raise the funds within a month of the mandate being given.rn rnThe Central Bank has evaluated some 40 proposals and submitted three names endash Deutsche Bank, UBS Warburg and Solomon Smith Barney with Citibank […]
’85
The government is tipped to give the mandate to raise long-term dollar funds within days.Prospective investment bankers have said they could raise the funds within a month of the mandate being given.rn rnThe Central Bank has evaluated some 40 proposals and submitted three names endash Deutsche Bank, UBS Warburg and Solomon Smith Barney with Citibank […]
JCT doing well
Container-traffic at the Colombo Port jumped by a mammoth twenty three percent in September, bucking an export growth trend.The Ports authority says the productivity at the Jaya Terminal at the Colombo port has also doubled with the introduction of a new incentive payment scheme.rn rnThe Jaya Container Terminal gantries are now shifting over seventy containers […]
House Hunting
State pension funds are eyeing long term housing bank debenture issues in an attempt to correct their assets and liability mismatch.rn rnState controlled Employees Provident and the Trust quote s fund managers are in discussions with three housing banks to purchase their debentures.rn rnState Mortgage and Investment Bank, Housing Development Finance Corporation and NDB Housing […]
Open Codes
Computer software giants world over, make money by selling proprietary products. However few software developers in emerging economies market proprietary software products.Local policy markers want software developers to market their own products creating more value.rn rnAn IT roadmap the government is working on also seeks to establish the country as a world class IT center. […]
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 […]