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Paski Returns
ldblquote Mr. Paskerlingum and current advisor to Prime Minister, Mr.K Wijedasa are expected to join Policy Ministry as consultants to streamline the reform process dblquote , source said. rnrnldblquote Mr Paskerlingum quote s wide experience in working through the bureaucracy to serve the needs of the investor community, is expected to come handy in the […]
Another Drop
The bank said the auction was oversubscribed with bids for Rs.4.850 bn, but the bank offered and accepted bids for only Rs.1.000 bn. rnrnThe weighted average yield dropped 13 basis points to 14.33 percent from yesterday quote s auction of 14.46 percent. rnrnThe issue carrying a 12.25 percent coupon, is part of the bonds scheduled […]
Monthly Special
ldblquote Improving our interest cost structure by encouraging more current account deposits, is not the main objective of the promotion. Through the years the use of cheques by retail and business customers have become stagnant, due to lack of promotions, HNB Deputy General Manager, Dulip Daluwatte told Lanka Business Online. rnrnHNB being the largest private […]
Standing Out
Ratwatte condemned the Ceylon Bank Employees Union (CBEU) protests against the restructuring management team, calling it an ldblquote uncivilised act not suited for professional bankers.“ rnrnHe further said reforms at People quote s Bank would continue regardless of party politics since the financial viability of the bank depends on them. rnrnldblquote This protest is totally […]
Fresh Notes
Though the euro was introduced two years ago, real notes and coins were only issued on January 1, 2002.rn rnThe old national currencies cease to be legal tender from July 1, 2002.
Bond Business
However, the banks said it offered and accepted bids for Rs.1.250 bn.rn rnThe issue carries a coupon rate of 12.2.5 percent. Today quote s auction is part of the bank quote s Rs. 5 bn three-year bond programme scheduled for January and February.rn
Freezing
Parate executions or the foreclosure on default loans by banks, would not cover micro enterprises whose borrowings are less than Rs.1 mn as at March 31. rnrnEntrepreneurs whose borrowing does not exceed Rs. 500,000 as at March 31 are also eligible for the package under the government quote s 100-day programme. rnrnDeputy Finance Minister, Bandula […]
Make My Day
As expected by political analysts, Weerawansa confirmed his party would take a hardline stand against the privatisation programme. rnrnldblquote It quote s going to be a horror budget. That quote s why government is trying to postpone the budget till local government elections are over dblquote , he told Lanka Business Online in an interview. […]
Vote For Funds
The move comes after the government quote s maiden budget presentation was pushed back to late March, to accommodate the local government elections, Cabinet spokesman Prof. G L Peiris said today. rnrnLast October, President Chandrika Kumaratunga used her constitutional powers to approve state funds for a three-month period up to March 31, 2002. rnrnldblquote There […]
Fat SLIM
The additional awards include 10 marcom award categories such as PR, direct response marketing, corporate promotional material and interactive marketing.rn rnMarcom Awards are given for excellence in high technology and interactive advertising, public relations and marketing communications. rn rnThe move comes as public relations, direct marketing and other below the line tools are taking over […]