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New Look NDB
NDB is also planning to diversify its leasing business to under-banked Maldives with the expectation of boosting its forex earnings. rnrnldblquote We will be the first leasing company in Maldives, which is a dollarised economy. If the tourism industry recovers in the near future, there would be a wide scope for the leasing business dblquote […]
Tea and Mouse
Software Developers E-Business Labs has entered into a Memorandum of Understanding (MOU) with industry apex body, the Colombo Tea Traders Association (CTTA). A mock system is to be developed within the next eight months to work through teething problems and pitfalls before possible implementation, CTTA Chairman, Mahen Dayananda told Lanka Business Online in an interview. […]
Learning On Screen
Widening the local education base, international governing body Edexcel is moving beyond the London O Level and A Level to make inroads into vocational education.
Small Solace
ldblquote Both the Government and Central Bank have responded positively to our concerns about the negative effect of Debit Tax dblquote , Primary Dealers Association quote s President, Ajantha Madurapperuma told Lanka Business Online. rnrnldblquote We were told that changes are currently been drafted to exclude the repo market from Debit Tax dblquote , he […]
P2P
Peer Review is a popular practice in developed markets, where the auditing industry ensures that best practice is maintained by subjecting the audits carried out by one firm to a review by another member firm. rnrnThe recent Enron collapse in USA, brought the peer review programmes to limelight with the emphasis on growing instances of […]
Dressing Up
A steering committee set up under the aegis of the Finance Ministry is also scouting for restructuring expertise to help guide the process. rnldblquote The restructuring proposal has been sent for cabinet approval. Once the government quote s direction is clear, we will get an investment banker in to do a valuation, dblquote SLIC Chairman, […]
Helping The Little
An agreement for technical assistance for the SME sector was officially closed between the government and the ADB on March 27rn rnThe aid is being funded as a grant by the Japan Special Fund and is a component of the ADB-financed lquote Small and Medium Enterprise Sector Development Program quote loan of US$86 million.rn rnThe […]
Looking South
As part of its efforts to deepen the debt market, Ceylinco Shriram Securities Ltd opened its sixth regional office in Matara today. rn rnThe firm is targeting entrepreneurs as well as handicraftsmen based at the Hambantota export village to promote gilt-edge securities. rnrnldblquote It quote s a huge market, specially deep south, dblquote notes Hiran […]
Top Gear
The 100 percent Capital Allowance for a company quote s IT investments and Capital Allowance to buy up existing commercial property, are identified as key concessions to boost operating leases. rnrnEarlier, Capital Allowances were only available for newly constructed commercial property and approved condominiums. rnrnIn the new tax regime, operating leases offer twin tax benefits […]
Picking Up
The bank said the deficit in January had shrunk to US$ 131 mn from US$ 228 mn in the same month a year ago. rnPresenting its growth-oriented budget last week, the government said its expects the deficit to expand slightly for the whole of 2002, to US$ 1.25 bn from US$ 1.16 bn in 2001. […]