Author: lbostgadmin
Guerrilla Commitment
Dr. Travis Perera, Human Resource Management Consultant for PIM quote s MBA programme, in his presentation titled ldblquote Strategies through Human Resource Development climate dblquote at CIMA Students quote Conference held last Saturday said organisations should strive to build commitment among employees to outpace its competitors. rnrnldblquote There is a vast difference between fighting with […]
Slipping
The bank said it offered and accepted bids for Rs.500 mn. rnrnThe weighted average yield dropped to 13.73 percent from 14.94 percent recorded in the previous auction. rnrnToday quote s two-year bond, which carried a coupon rate of 12.50 percent, is part of Rs. 2.000 bn scheduled to be issued during the months of February […]
Build More
ldblquote The budget will unveil many concessions for housing projects and other construction activities. This sector has been on a downward spiral for many years dblquote , Minister Bandula Gunawardene said. rnrnldblquote Investment in the construction industry has a multiplier effect on investment in the economy as a whole. It creates employment for all sectors […]
Unshackled
The government plans to set up a Revenue Authority to streamline the collection of taxes, customs and excise duties.
Small Blessings
The announcement is expected within the next few days, which will reduce premiums to 0.0025 percent from the present 0.005 percent of the hull value on vessels calling at the Colombo Port, Sri Lanka Ports Authority Chairman, Parakrama Dissanayake said. rnDissanayake said the war risk committee headed by Lloyds of London had stopped short from […]
Call Through
Anura de Silva, iOnosphere quote s CEO told Lanka Business Online that the new buyers paid lquote a little over Rs. 500 mn for the company quote . rnrniOnosphere, began operations last July with a US$ 2.5 mn investment to provide high end internet services. A further US$ 1.5 mn was expected to come in […]
Maldivian Touch
The company recently joined forces with Serendib Leisure Management to acquire Hotel Sinbad in Kalutara. rnrnFollowing a Rs. 90 mn joint investment, the hotel was recently upgraded, pitching themselves now as an all-year round water sports destination. rnrnSituated an hour quote s drive away from Colombo, the hotel has attracted a large number Sri Lankan […]
Open Sesame
The Fund quote s Executive Board would decided when to release the balance funds, once it evaluates the budget proposals for fiscal reforms that are mainly aimed at lowering the deficit, IMF quote Jeremy Carter said in an interview today. rnrnThe balance is likely to come in two equal tranches, one immediately after the budget […]
Calling Home
Interested operators will get a subsidy of Rs. 50,000 per payphone. rnAn individual operator will be entitled to the subsidy for a maximum of 25 payphones subject to a limit of 100 units per district. rnThis subsidy will be available across all 25 districts and will be available to all payphone operators, TRC quote s […]
Get Going
The Council quote s former Chairman Rohan Masakorala told Lanka Business Online that it appears that the London underwriters were dragging their feet on the issue, despite favourable recommendations from the independent foreign security auditors. rnrnldblquote We asked the Minister to lead a delegation to at least waive the surcharge on Colombo and Galle. At […]
Not Yet
Referring to our recent story on JKH, Fitch says: ldblquote The report gives the impression that the meeting between JKH management and FRL analysts was related to impending rating decision with regard to the ldblquote Rating Watch quote currently placed on the company quote s SLAAA rating.Although lquote Rating Watch quote does indicate the possibility […]
Standing Tall
Group turnover grew 21.6 percent or Rs. 553 mn to Rs. 3.1 bn during the period under review. rnrnHowever, the bank quote s net interest income during the third quarter has been lower than the second quarter, due to the sharp reduction in market interest rates. rnrnThe bank says a fall in market rates resulted […]