Lankas Dilemma
Top trade delegations from around the world will meet in the Mexican city of Cancun, at a meeting billed by many to be one that can drastically change world …
Rubbing The Right Side
Sri Lanka used to be the fifth largest rubber supplier to the world a few years ago. But synthetic rubber manufacturers took over the market as age-old …
Building Bubble
An ambitious feasibility study covering 13 key projects in the South has just been completed, with consultant Programme Development International keen on vying …
New Limits
The Central Bank on Friday revised the limits on the daily foreign exchange net open positions (NOP) of commercial banks starting from September 1.buy premarin …
Travel Claim
A top travel agent has claimed Rs 90 mn from Pramuka Bank for damages suffered as a result of the banks closure last year.Superlink Chief Ranjith Silva says he …
Investor Surge
Malaysian investment volumes of Rs. 2.5 bn are projected to grow by 100 percent after successful investment promos in Kuala Lumpur recently, the Board of …
Different Strokes
Its the most talked about conglomerate with diverse interest that reflects the Sri Lankan economy. The bluechip conglomerate is also the biggest stock …
PERC Help
Peoples Bank plans to sell off its merchant banking unit through the governments privatisation arm endash the Public Enterprise Reform Commission.Chairman Lal …
House Hunt
Nivasie Developers on Wednesday released plans to build 95 upper end homes in its Ja Ela site under phase two of its Nivasiepura housing project. Following the …
Lease of Life
Kandy Hotels Company is finalising its lease agreement with leisure magnate Adrian Zechas Aman Resorts, to take over management of its Queens and Suisse …
Show & Tell
In a bid to lower lending rates further, the government is asking banks to publish a breakdown of their loan volumes by interest rates.ldblquote Commercial …
Sweet Music
Telecom operator Suntel has posted a 451 percent growth in net profits for the first six months of this year, largely aided by a gradual drop in interest …
Spruced Up
Hoteliers in once conflict areas of the north and east can apply for low cost funding of up to Rs. 50 mn to refurbish properties damaged at the height of war. …
Auditing Auditors
A top-level committee to evaluate the role of auditors has suggested that accounting firms not take up any non-audit services and also opt for compulsory …
Laying Bricks
State housing finance giant HDFC plans to start offering pawning services to allow customers to take out housing loans.Loans linked to its pawning schemes will …
Safe Bet
Mercantile Leasing Ltd has raised Rs. 102.2 mn from the market by securitising its future cash flows.The four-year paper was priced at two percent above the …
Buzzing Out
Dialog GSM will double its network capacity in the Western Province by the year end when its 1800 GHz network is fully deployed. The network being installed at …
Not Genuine
Pramuka Depositors have protested to the Monetary Board that no genuine effort is being made to restructure the failed bank and demanded that immediate …
Slight Hiccup
The International Monetary Fund says it will delay releasing the second US$ 80 mn installment next month, as the government has missed two of its targets.The …
State Ruins
State Engineering Corporation officials say its role has to change from a construction company to a foreign market oriented skills development centre.The plan …