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Inflation Brigade

The Central Bank plans to adopt Inflation Targeting during this year as a policy measure to control inflation, Governor A S Jayarwadene told Lanka Business Online today.rn rnInflation Targeting is a method adopted by some Central Banks in the developed countries, to effectively control long run inflation by publicly announcing inflation targets and monetary policy […]

Hungry For More

The bank has already expressed intentions to the top management of two Colombo based commercial banks, Citibank quote s CEO Kapila Jayawardena told Lanka Business Online in an interview today. rnrnldblquote We are not interested in acquiring a branch network. It is more in terms of a portfolio purchase to expand our local corporate base […]

Broad Portfolio

SLT hops to test the viability of the system in the Slave Island before moving to other areas. rnrnThe Asymmetric Digital Subscriber Line (ADSL) will give users a connection of up to 2 Mbps for uplink and 512 Kbps for downlink.rn

Talking Terms

iOnosphere, set up shop last July with a US$ 2.5 mn investment to provide high end internet services.A further US$ 1.5 mn was expected to come in during the next stage of the project. rnrnAnura de Silva, iOnosphere quote s CEO told Lanka Business Online that a number of local and foreign parties have expressed […]

Over Selling

The euphoria poured over to today trading, taking the benchmark All Share Price Index up 3.39 points to close at 570.08. The bluechip tracker, the Milanka Price Index closed at 923.38 up 7.34 points from last Friday Brokers said that the market had no choice but to turnaround, as it was getting a little too […]

Closer Look

The Lloyd quote s Underwriters Association secured their services as a precursor to remove the remaining war risk premiums on ships calling at the Colombo port. rnrnThe audit is expected to take five days and the report is due a week later. Lloyds is expected to make their decision thereafter, shipping sources said. rnrnThe consultants […]

Getting Closer

The agreement on Administrative Arrangements for Cooperation sets out the framework and processes that will lead to better coordination and division of labor among the institutions in providing assistance to the Asia-Pacific region, ADB said in a release today. It emphasizes closer consultation on country assistance strategies, the elimination of duplication of efforts, the harmonization […]