Expensive Retirement
The Treasury plans to seek parliamentary approval shortly, to raise the governments Rs. 316 bn total borrowing limit by around Rs. 50 bn.Of the fresh issues, …
Snakes & Ladders
The hotly debated deal, to partially privatise 13 cluster bus companies, will hit the road within the next few weeks, with the governments privatisation arm …
Engagement Ring
Sri Lanka Telecom on Tuesday took a step further to seal its marriage to Lanka Bell, by agreeing to start work on a due diligence study, its Chairman said.The …
Wishy-washy
Fraud, mismanagement and a lack of funds is driving the Fisheries Harbour Corporation to the brink of extinction. rnrnThe Corporations financial statements for …
Undertaker Shifts Gear
Jayaratne VIP Services (Private) Limited this week launched its upmarket service with a two-page colour advertisement announcing the "prestigious" send-off …
Twin Sharing
Domestic charter flight giants Lion Air and Expo Aviation are within days to seal the hatch on a deal, to cross market their services.The airlines will fly on …
Bids Galore
The Central Banks maiden 20-year treasury bond issue was snapped up at 6.08 percent as investors put in bids for Rs. online pharmacy buy diflucan with best …
Bloom Time
Sri Lankas primary dealers signed up with Bloomberg to set up a bond-trading platform.At the moment the scripless securities system is not yet operational, but …
Mute Button
The Telecom regulator and top government bureaucrats held a public discussion on a new regulatory structure as other operators opposed SLTs plans to acquire …
Code For Corporates
Members of a committee appointed by the securities watchdog plan to propose measures that will improve the dismal corporate governance practices in listed …
More Shine
Your chances of finding gems are higher in Sri Lanka than anywhere else in the world, because Sri Lanka has the highest density of gems to land ratio in the …
Little Tease
The government confirmed plans to sell a further stake in Sri Lanka Telecom and is presently exploring various exit options.ldblquote The government of Sri …
Coming Out Party
So far, the bank has written to international rating agents, like Citibank and J P Morgan who currently have a local presence, about playing an advisory role …
Smooth Operator
Primary Dealers in government debt will be asked to raise their capital next year, as the Central Bank tries to strengthen the dealer network.The new …
Mega Interest
MIGA, the World Banks insurance arm, says it is entertaining 12 proposal from foreign investors, to fund projects worth over US$ 1 bn in Sri Lanka.ldblquote …
Calling Home
Lanka Bell on Thursday signed up with Net2Phone Global Services of US, to offer international calls at bargain rates to key destinations.Net2Phone routes calls …
Interest Push
Policy makers could slap on a windfall tax on commercial banks if they dont narrow their interest rate spread within six weeks. Prof. G.L Peiris told reporters …
Second Tier
Coping with expansion needs, software engineering service provider, Virtusa is extending its Colombo base into the World Trade Centre. CEO Cris Canekeratne …
Little Teaser
Singapores Changi Airport has shown interest in actively participate in developing and managing Sri Lankas airports.The Board of Investments said in a …
Falling, Falling
The Central Bank cut its key short-term rates on Thursday, signalling that the economy was getting stronger.rnrnThe bank lowered its overnight repurchase rate …