All Blogs
Filing for Divorce
Fitch IBCA, the US partner of the local rating agency Fitch Ratings Lanka Ltd (FRL) plans to pull the rug under its Sri Lankan operations.
Slipping
Treasury bonds continued to slide at this week quote s auction with three-year notes shedding three basis points to 14.30 percent, the Central Bank said.
Last Call
The ministry last week announced a six-month moratorium on parate executions but stopped short from adjusting the provisioning requirements of all banks. rnrnldblquote This is the first and the last time we are appealing to all banks, dblquote Deputy Finance Minister, Bandula Gunawardene told reporters. rnrnldblquote We don quote t want to damage the lending […]
Lal quote s Charms
ldblquote Everything has been sorted out.We are starting work tomorrow dblquote , a member of restructuring management team told Lanka Business Online. rnrnThe 13-member restructuring management team returned to work today, for the first time since union activists unceremoniously ousted them on December 28. rnrnThey attended Nanayakkara quote s takeover ceremony this morning and were […]
Raising Capital
The issue due to open on Jan. 21 also carries the option of raising a further Rs. 30 mn in the event of an oversubscription, the bank said. rnrnWith a minimum Rs. 1,000 subscription, the issue quote s interest rates vary from 13 percent to 14.5 percent depending on each individual type of investments. rnrnThe […]
Slippery Situation
The Rs20, 000 per MT surcharge was imposed in February last year to arrest a downward pressure on nut prices, boosting farm gate prices for nuts. While providing much needed relief for growers, the latter half of last year saw a sharp drop in export volumes of desiccated coconut(DC), a 40 percent decline over 2000 quote […]
Early Bird
In its second year as a stand-alone publication and the first since distribution was made independent of the White Pages, the 2002 edition is expected to reach a much wider target group this year, the company said. rnrnThe directory is delivered free to all telephone subscribers. rnrnThe company has tied up with the Sri Lanka […]
Study Link
rnThe most recent to join the fray are local giants Ceylinco Consolidated in a tie up with US based lquote President quote s Network quote endash a network of over 90 colleges and universities in America. rn rnTogether the two organisations will offer US/Sri Lanka sponsored university education in Colombo this April at the lquote […]
Changing The Rules
While front running was included as a new offence, the new rules broadly look at facilitating deregulation process of the industry, SEC quote s Director Legal, Kithsiri Gunawardene told Lanka Business Online. rnThe Securities and Exchange Commission quote s rules lay down the procedures to grant licences to the stock exchange, stockbrokers and stock dealers. […]
Talking Yens
The trip follows last Friday quote s announcement made by the Japanese government to relax its travel advisory on Sri Lanka. rnrnCabinet spokesman, Prof. G L Peiris told the media today that the Japanese government quote s decision would not only help the tourism industry, but trade relations between the two countries too. rnrnEarlier a […]