Coming Back
A cultural similarity in the insurance market was a big draw when Life Insurance Corporation of India re-entered the local market.The companys earlier …
A cultural similarity in the insurance market was a big draw when Life Insurance Corporation of India re-entered the local market.The companys earlier …
Hatton National Bank Ltd said on Thursday nine-month group profits nearly tripled as it notched gains from its bond portfolio and saw a pick up in credit …
Air Sahara will begin charter flights to Colombo from New Delhi on Friday, becoming the first domestic carrier to fly out of India.This follows a recent …
Hatton National Bank, had its long-term national rating, down graded to SL A- by Fitch Ratings Lanka on Thursday.This decision comes after HNB was put on a …
MasterCard International on Thursday came out with a credit card primarily designed for Sri Lankas burgeoning teenage market.Hatton National Bank, its local …
Tourism officials played down government claims of 2000 tourists cancelling bookings, after political chaos and reports of beefed up security.ldblquote So far …
Effective steps to create a tax compliance culture, focus revenue generation measures where there is a capacity to pay and to target relief measures where they …
Union Assurance Ltd has reported an upsurge in net profits, largely aided by its booming investment portfolio.For the nine months ending September 2003, the …
The Commercial Bank of Ceylon has pumped in Rs. 100 mn to upgraded its IT infrastructure and processes, with one of the latest retail banking solutions in the …
Insurance regulator with the national accounting body is trying to put forward a recommended accounting practice for the insurance industry.The Recommended …
Central Bank Governor called for the adoption of International Accounting Standards in the countrys bid to become a financial center for the region.While local …
The Employees Trust Fund on Wednesday signed on with Seylan Bank to offer low cost housing loans to its 2.2 mn members.The state provident fund has lent Rs. …
Policy makers could slap on a windfall tax on commercial banks if they dont narrow their interest rate spread within six weeks. Prof. G.L Peiris told reporters …
A Compensation Fund for contributors who suffer financial loss resulting from fraud, theft, misappropriation or negligence of monies, will also be set up, from …
LankaClear, the cheque clearing arm of the Central Bank, plans to set up ten regional centres to speed up payments and settlement systems.Known as lquote …
Pan Asia Banks shareholders have come through and injected Rs. 100 mn into the bank to top up its capital.The bank called up the balance two rupees due from …
According to the draft new law, the authority will have wide ranging powers to audit, investigate and inspect tax files.rnrnThe proposed Sri Lanka Revenue …
Naming these institutions is part of the banks efforts to warn depositors not to part with their funds in un-regulated institutions.rnrnEarlier in 2003 the …
Fitch Ratings Lanka re-confirmed its SLAA+ national rating on John Keells Holdings Ltd. senior debt following the conglomerates recent acquisition spree.SL AA+ …
The local credit information agency is trying to add value to its services with donor help.Credit Information Bureau says that World Bank help is on offer to …