Author: lbostgadmin
Cheap Cuts
Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities in the form of a direct loan as a […]
Three Medals
National Development Bank (NDB) has secured an AA (sri) rating, while its commercial and housing banking units were each rated AA-(sri) by Fitch Ratings Lanka Ltd. NDB’s subordinated unsecured debt walked off with AA-(sri) (double AA minus) and NDB Bank – its commercial banking arm – picked up a A+(sri) (A plus) rating for their […]
Hop Along
Private bus fares will go up by around 15 percent from October 1, in response to the government’s decision to raise diesel prices by Rs.8.00 last Friday. Private bus fares will go up by around 15 percent from October 1, in response to the government’s decision to raise diesel prices by Rs. 8.00 last Friday. […]
Sri Lanka’s balance of payments balloons to US$ 223 mn for the six months ending June 2004
Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six months ending to June, amid higher world oil prices and a falling rupee, the Central Bank said Monday.Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six […]
Clean Cut
The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. Ex-Chairman Michael L Mack got […]
” out of conservation and creating a million birders.
Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025.Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025. “A birdwatcher,” wildlife enthusiast and CEO […]
Yellow Light
A campaign to re-route Galle Road traffic has hit a red light, with the Colombo Traffic Police Div., looking for more time to shape up its plans.A campaign to re-route Galle Road traffic has hit a red light, with the Colombo Traffic Police Div., looking for more time to shape up its plans. The Colombo […]
Changing Tracks
The Transport Ministry is mooting changes to the century old Railway Ordinance, to resurrect it once the new Railway Authority Act is repelled.The Transport Ministry is mooting changes to the century old Railway Ordinance, to resurrect it once the new Railway Authority Act is repelled. “The draft to repeal the Sri Lanka Railway Authority Act […]
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector.Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector. The Central Bank carries […]
Treasury says spending will be increased next year with pay hike for public servants and more money for public investment
In the first in a series leading up to the November budget this week we take a closer look at government expenditure. In the first in a series leading up to the November budget this week we take a closer look at government expenditure. Treasury says spending will be increased next year with pay hike […]
Fair Power
A marketing academic said women are increasingly influencing the purchasing decisions in households.A marketing academic said women are increasingly influencing the purchasing decisions in households. The female workface has grown faster than the male workforce over the last two decades. The market has responded with a flood of products from cosmetics to cooking utensils targeted […]
Natural Money
Most of the untapped tourism potential in the country doesn’t lie along the pristine coastline anymore but off the beaten track. Most of the untapped tourism potential in the country doesn’t lie along the pristine coastline anymore but off the beaten track. The leisure sector is trying to attract high spending travelers who are keen […]