Money Money
Central Bank has started issuing Central Bank securities to check reserve money growth, as its own supplies of treasury bills dwindle away.ldblquote We started …
Road Works
The Road Development Authority has commissioned a Korean Company to carry out a feasibility study to rehabilitate the Puttalam-Trincomalee (A12) Road.The study …
Looking Healthy
Fitch Ratings Lanka re-confirmed its SLAA+ national rating on John Keells Holdings Ltd. senior debt following the conglomerates recent acquisition spree.SL AA+ …
Wider Net
The governments privatisation arm is throwing its doors open to the local investment banking community to help them out as financial advisors for upcoming …
Tight Fist
The provision, generally known as Section (t) exempted trading profits from dealing treasury securities.rnrnThough trading profits is actually the small spread …
Direct Dialling
It is understood that the Premier had advised senior state officials to consider direct offers, with the option of listing part of the stake in the country of …
Sixth Sense
Thai resort and spa chain lquote Six Senses is in talks with John Keells Holdings, to develop a luxury tea spa on a 600-acre stretch of Maskeliya …
Boom Times
The Janashakthi Group expanded its property portfolio on Monday by taking full control of Kelsey Holdings (Pvt) Ltd.The deal, which cost just under Rs. 50 mn …
Dream Homes
Its fashionable to have an address at one of Colombos plush apartments these days. The government has fuelled the apartment craze by pushing lending …
Tourist Dollars
Sri Lanka is beginning to put in place its tourism infrastructure, with eight key areas around the island and four zones in the North and East tagged for …
Water Birds
SriLankan Airlines will float its amphibious planes in November, whisking visitors off the runway and over ocean to the hills or as far off as Trincomalee in a …
Malaysians Sail In
A top Malaysian business tycoon, Tan Sri Gnanalingam is keen to invest in and manage BOI free trade zones while also tapping potential of the leisure …
Cash Injection
The long established company plans to raise Rs. 300 mn through the Initial Public Offering sometime in November.rnrnShares will be offered at Rs. 20 each, …
Here She Comes
George OMarie, the first local designer label will hit shops around the world early next year.Backed by a top garment exporter Readywear Industries, the brand …
Road To Tooting
Colombos congested roads are not getting a break, with 3,000 new vehicles hitting the streets every month. Most of it is in the capital. Tax and excise on …
JKH Big Bang
John Keells Holdings entered the property market with a bang by taking a stake in Asian Hotels for Rs. 4 bn.The acquisition of the 60 percent stake gives JKH …
Go For Rating
Central Bank Deputy Governor W. A. Wijewardene told LBR that the credit rating would be in place early next year with bank funding for the whole …
Out Of CRIB
The local credit information agency is trying to add value to its services with donor help.Credit Information Bureau says that World Bank help is on offer to …
Washed Out
The rupee closed up at Rs. 94.55 against the US dollar on Friday, as exporters asked the government to step in and support falling prices.So far, the rupee has …
Tempting Treats
The Colombo Stock Exchange has made an attractive offer to primary dealers, to entice them to make use of the exchanges top of the range debt trading system.To …