Author: lbostgadmin
State Secrets
Armed with a restraining order against a hydro project on forestland, environmental lobbies say secretive state procedures are keeping the public from getting involved.Armed with a restraining order against a hydro project on forestland, environmental lobbies say secretive state procedures are keeping the public from getting involved. The Court of Appeal on Tuesday extended an […]
Prime Cut
Commercial Bank of Ceylon has raised US$ 35 mn through a syndicated loan arranged by Standard Chartered Bank Colombo at slightly lower rate than the Sri Lankan government.Commercial Bank of Ceylon has raised US$ 35 mn through a syndicated loan arranged by Standard Chartered Bank Colombo at slightly lower rate than the Sri Lankan government. […]
Building Trust
Edirisinghe Trust Investments an EAP Group company relaunched its services Wednesday, venturing into the leasing business.Edirisinghe Trust Investments an EAP Group company relaunched its services Wednesday, venturing into the leasing business. ETI, a strong player in the pawning business for over 35 years, said its leasing business was only the beginning of its stride into […]
Commercial Bank gets a AA (sri) rating for upcoming Rs. 1 bn debt issue
Commercial Bank is raising a billion rupees through private placement of four-year debentures, largely to feed its growing loan book. Commercial Bank is raising a billion rupees through private placement of four-year debentures, largely to feed its growing loan book. The issue carries a AA (sri) rating from Fitch Ratings Lanka, is ranked one notch […]
‘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 […]
Shadow Boxing
The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board.The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board. But the recent Cabinet decision only gives the Commission a […]
Running Dry
The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to bridge a 20-mn gallon a day shortfall to Greater Colombo.The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to […]
Great Expectations
Finance Minister Dr. Sarath Amunugama said Tuesday that the public sector would be ‘expanded’ as needed, to take up 41,000 unemployed graduates who were promised jobs.Finance Minister Dr. Sarath Amunugama said Tuesday that the public sector would be ‘expanded’ as needed, to take up 41,000 unemployed graduates who were promised jobs. The state is dishing […]
Asking Price
SriLankan Airlines says it will need a fuel surcharge of about US$ 5 on a one-way ticket if it is to cover fuel costs soaring through the roof. SriLankan Airlines says it will need a fuel surcharge of about US$ 5 on a one-way ticket if it is to cover fuel costs soaring through the […]
‘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 […]
Floating Options
The Land Reclamation Department will float a joint venture with Canada’s Info Consultants to raise money to develop the local canal network.The Land Reclamation Department will float a joint venture with Canada’s Info Consultants to raise money to develop the local canal network. The Canadian consultancy firm recently completed a feasibility study and technical evaluation […]
Shorthanded
A lack of formal training and a piece of paper to prove it is keeping a part of Sri Lanka’s unemployed from finding work abroad. A lack of formal training and a piece of paper to prove it is keeping a part of Sri Lanka’s unemployed from finding work abroad. “We have not been able […]