Category: Industry
Safe Pitch
Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank.Fitch Ratings Lanka has assigned an AA-(sri) entity rating for DFCC Vardhana Bank, a subsidiary of DFCC Bank. With a ‘stable ratings outlook’, an AA- (sri) rating indicates low credit risk and a strong capacity to honour financial […]
Double Celebration
Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump last year.Rising profits from passenger sales, catering, ground handling and an accounting standards change helped SriLankan Airlines buck the international trend and show a 75 percent profit jump […]
Biz Extensions
John Keells Holdings (JKH) could enter the Business Process Outsourcing (BPO) industry, leveraging its competencies in financial and information management and project implementation.JKH just deployed the mySAP ERP solution, an enterprise resource planning module that has under a first phase project, integrated the financial information and business intelligence of some 70 business units within the […]
Keep Guessing
Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise.Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise. The Public Utilities Commission (PUC) says it was not consulted on the […]
Hotel stocks rallied at the Colombo Stock Exchange, which closed up two percent for the week
Hotel stocks rallied at the Colombo Stock Exchange, which closed up two percent for the week. Hotel stocks rallied at the Colombo Stock Exchange, which closed up two percent for the week. Brokers say there is high investor interest in hospitality sector stocks due to increasing tourist arrivals and higher spending by visitors. They say […]
Hurt retired
Hayleys AIG insurance says an expression by Ceylinco Insurance to acquire its life business has been passed down to its shareholders; the AIG group and local conglomerate Hayleys.Hayleys AIG insurance says an expression by Ceylinco Insurance to acquire its life business has been passed down to its shareholders; the AIG group and local conglomerate Hayleys. […]
Defining Boundaries
The Securities and Exchange Commission (SEC) and the national accounting body ICASL will introduce a new governance code for listed companies with some mandatory provisions.The Securities and Exchange Commission (SEC) and the national accounting body ICASL will introduce a new governance code for listed companies with some mandatory provisions. A co-chair of the ICASL and […]
We admit…
Government gave strong indication that prices of diesel will go up soon saying Sri Lanka can’t afford the current “subsidy binge”.Government gave strong indication that prices of diesel will go up soon saying Sri Lanka can’t afford the current “subsidy binge”. The Finance Minister also said plans to get a third player for down stream […]
Still More
Sri Lanka gets OPEC help to ease its hefty fuel bill, even as a tariff hike for diesel is with Cabinet and an increase in water tariffs also on the cards. Sri Lanka gets OPEC help to ease its hefty fuel bill, even as a tariff hike for diesel is with Cabinet and an increase […]
Off Asia
Tourist arrivals from East Asia, including Japan and China dipped in August, taking total tourist numbers down over record arrivals in July.Tourist arrivals from East Asia, including Japan and China dipped in August, taking total tourist numbers down over record arrivals in July. August saw over 48,000 people visiting Sri Lanka, a 15.3 percent increase […]
‘s View
Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks.Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks. Under the new terms, the UAE has allowed 45 passenger frequencies per week to […]
Bird’s View
Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks.Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks. Under the new terms, the UAE has allowed 45 passenger frequencies per week to […]