Author: LBO
Govt.’s role to expand, as private sector cant lead the country on its own
The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country.The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country. But he says the state has got the […]
Banks wetting government’s 10,000 tank restoration project
Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. The government wants Rs. 2 bn to rehabilitate 10,000 ancient water […]
HNB mopped up Rs. 200 mn worth of securitised paper from People’s Leasing Co. locking returns up to four years
Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities to feed a growing appetite for leases […]
NAMAL puts out Sri Lanka’s first money market fund making use of recent changes to the Unit Trust Code
NAMAL or National Asset Management Co., is coming out with a money market fund, capitalising on a recent change to the Unit Trust Code. NAMAL or National Asset Management Co., is coming out with a money market fund, capitalising on a recent change to the Unit Trust Code. Money funds are mutual funds that invest […]
Sri Lanka’s inflation nudged up to double digit levels in August
Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy.Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy. The Central Bank said […]
Sri Lanka’s leading business chamber urges upward revisions to local fuel prices.
Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates.Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates. The Ceylon Chamber of Commerce met on Thursday to discuss the impacts of increasing international oil prices on […]
Shopper’s Dream
Standard Chartered Bank is offering zero interest rate instalment schemes on purchases made on its credit cards.“People usually have about two or three cards in their wallet, but we want to be the preferred card, when it comes to purchasing things as there is a lot of value addition,” says Vishnu Mohan, CEO Standard Chartered […]
Sri Lanka Telecom hires Fitch and Standards & Poor’s for an international rating
Triple A rated Sri Lanka Telecom has signed up for a rating with two top international agencies, Fitch Ratings of USA and Standards & Poor’s as it embarks on an overseas roadshow for its upcoming debt issue next month. Triple A rated Sri Lanka Telecom has signed up for a rating with two top international […]
CBK says she is ready to discuss LTTE’s ISGA proposal
Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had rejected the controversial guerrilla blueprint for peace Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had […]
Top regional ad agency Batey’s rolls out an international PR campaign as part of the Tourist Board’s plan to actively market Sri Lanka
Top regional ad agency Batey’s has launched an international PR campaign as part of the Tourist Board’s plan to actively market Sri Lanka. Top regional ad agency Batey’s has launched an international PR campaign as part of the Tourist Board’s plan to actively market Sri Lanka. Batey’s is doing the PR campaign, part of a […]
The WTO’s July package and its promises to developing countries.
The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. On Sunday, for the first time, all 147 countries in the WTO agreed […]
ATM’s and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency
Automated teller machines and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency.Automated teller machines and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency. Banks who […]