Debt – BBB
SL BBB rating denotes a low expectation of credit risk. rnrnldblquote The capacity for timely payment of financial commitments is considered adequate, but …
Banking and Finance
Sampath wins
The Appeal Court upheld an earlier District Court decision, which barred HNB and its associates from selling the excess shares of Sampath Bank that was bought …
Revelations
Complex financial transactions that include income securatisations and sale of loans have been increasingly used by local financial institutes to raise capital …
Swapping For More
The swap would hedge the Horana plant quote s interest rate risk, by converting its US$ 10.8 mn floating rate, which is pegged to the three months London Inter …
Catching Up
ldblquote We are re-visiting our original strategic plan, taking in to account the experiences gained during the last two years dblquote , JKH Director Ajit …
Forward Farmers
One of the key problems that hamper agriculture these days is price volatility. Primary agricultural markets have traditionally been volatile, with problems …
Fighting for Custody
Fitch Ratings Lanka quote s CEO is flying out on a rescue mission to try and salvage an impending divorce from its US partner Fitch
Hungry For More
The bank has already expressed intentions to the top management of two Colombo based commercial banks, Citibank quote s CEO Kapila Jayawardena told Lanka …
Filing for Divorce
Fitch IBCA, the US partner of the local rating agency Fitch Ratings Lanka Ltd (FRL) plans to pull the rug under its Sri Lankan
Pay By Cheque
A sweeping set of tax reforms, including ban of all cash transactions over Rs. 100,000, aimed at improving government revenue, are expected to be proposed by …
Lal quote s Charms
ldblquote Everything has been sorted out. We are starting work tomorrow dblquote , a member of restructuring management team told Lanka Business Online. …
Last Call
The ministry last week announced a six-month moratorium on parate executions but stopped short from adjusting the provisioning requirements of all banks. …
Raising Capital
The issue due to open on Jan. 21 also carries the option of raising a further Rs. 30 mn in the event of an oversubscription, the bank said. rnrnWith a minimum …
Standing Out
Ratwatte condemned the Ceylon Bank Employees Union (CBEU) protests against the restructuring management team, calling it an ldblquote uncivilised act not …
Monthly Special
ldblquote Improving our interest cost structure by encouraging more current account deposits, is not the main objective of the promotion. Through the years the …
Freezing
Parate executions or the foreclosure on default loans by banks, would not cover micro enterprises whose borrowings are less than Rs. 1 mn as at March 31. …
Union Terror
ldblquote We have been out of our offices since December 28. Despite top-level government intervention, the environment is still not conducive for us to return …
Extended Banking
Earlier ABN Amro has been able to constantly maintain an impressive ROE of nearly 30 percent on profit after tax around Rs. 150 mn. High ROE quote s are a …
Talking Back
rnThe surplus staff was offered a Voluntary Retirement Scheme based on employees age, years of service and years up to retirement.rn rnA number of staffers had …
Fishing in the Maldives
Janshakthi Insurance Co. kicks off its expansion plans for the New Year with a branch office in the Maldives later this month.rn rnThe company has been dealing …