Author: lbostgadmin
Good Times
Local financial sector, dominated by banks, has been growing at a healthy pace for decades.Local financial sector, dominated by banks, has been growing at a healthy pace for decades. Over the last five years banks with their access to cheap deposits have also made in-roads to specialized areas in the financial sector like leasing. The […]
Central Bank to go for long term bonds
Central Bank told primary dealers that four and five year bond auctions will be held soon after gilt yields declined in the market.Central Bank told primary dealers that four and five year bond auctions will be held soon after gilt yields declined in the market. Central Bank says four-year bonds will be on offer at […]
Treasury yields fall as government banks and pension funds put in low bids
Treasury bill and bond yields fell in primary auctions this week as government banks and pension funds put in low bids that drove yields down. Treasury bill and bond yields fell in primary auctions this week as government banks and pension funds put in low bids that drove yields down. Treasury bills yields eased nearly […]
ADB asks Lanka to get cracking on reforms and economic development
Asian Development Bank’s half a million dollar commitment to Sri Lanka could hit a bumpy stretch if much needed reforms and economic performance gets entangled in the web of political rhetoric.Asian Development Bank’s half a million dollar commitment to Sri Lanka could hit a bumpy stretch if much needed reforms and economic performance gets entangled […]
Wired Up
Cellular operator Hutch (formally known as Hutchison) is linking up its limited mobility network to add an island wide mobile service to its portfolio.Cellular operator Hutch (formally known as Hutchison) is linking up its limited mobility network to add an island wide mobile service to its portfolio. Hutch adopted a network model which restricted the […]
Face Lift
Holidaymakers to Sri Lanka this winter will probably return home more relaxed and looking better than they did before their vacation – that is if they check in at the plush Apollo Colombo before sinking into their holiday.Holidaymakers to Sri Lanka this winter will probably return home more relaxed and looking better than they did […]
Surgical Cut
Asiri Medical Services, a unit of Asiri Hospitals Ltd., plans to list its stock next year to settle some debt.Asiri Medical Services, a unit of Asiri Hospitals Ltd., plans to list its stock next year to settle some debt. The 14 storey Asiri Medical Service (AMS) cost the group around Rs. 1.0 bn and was […]
‘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 […]
Law on Order
Human rights groups in Sri Lanka want national budgetary allocations to improve law and order in the island. Human rights groups in Sri Lanka want national budgetary allocations to improve law and order in the island. Clear budgetary allocations are needed, says the Asian Human Rights Commission (AHRC), in a statement Thursday, to contain the […]
Wage talks fall off, giving Plantation Minister till end September to make good on promise
A preliminary round of wage talks fell through, with the Unions saying it is tough negotiation for a Rs.400 a day wage. A preliminary round of wage talks fell through, with the Unions saying it is tough negotiation for a Rs. 400 a day wage. Unions say a Rs. 400 a day wage promise by […]
Cricket plays up tourist arrivals in July, sets record for the month
The Tourist Board says July’s arrivals are the best ever recorded for the month, with 50,525 visitors, run up by Indian cricket enthusiast following their team here.The Tourist Board says July’s arrivals are the best ever recorded for the month, with 50,525 visitors, run up by Indian cricket enthusiast following their team here. “The good […]
High Level
Traffic at the High Level and Kohuwala junctions in Nugegoda will fly over from 2007, with the Cabinet approving a Rs.600 mn project. Traffic at the High Level and Kohuwala junctions in Nugegoda will fly over from 2007, with the Cabinet approving a Rs. 600 mn project. The three year fly over project is one […]