Risk Return
In its strategy to concentrate its resources to grow its core competencies, the John Keells Group is outsourcing its entire insurance portfolio to Delmege …
Industry
Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.
Small Change
Putting its money where the community level work is, the World Bank today doled out Rs. 4 mn to enhance the work of eight non-governmental organisations …
Leg Up
Travel Agencies in Sri Lanka can now book travel on Jetstar Airways, Australias new low-cost domestic carrier, following an agreement between the airline and …
Disclosure
Sri Lanka was rated 3.5 on ten by top rating agency Dun & Bradstreet for willingness of its companies to disclose information.Amidst state politics and a …
Making Up
Commercial banks returning from a long holiday week soaked up the excess cash in the banking system, pushing up inter-bank interest rates. The inter-bank …
Steady Beat
Sri Lanka Insurance Corp., clinched a AA-(sri) (AA minus) national insurer financial strength rating from Fitch Ratings Lanka, becoming the first insurer to do …
Different Route
An action plan to clean up the local transport mess is lined up for Cabinet approval but private bus owners, currently paying up over million rupees a month as …
The Big Two
Banking giant HSBC says emerging markets like India and China could change the way banking is done in Asia. A top regional CEO from the bank said the influence …
Smart Hutchison
Hutchison telecom says their local operation will connect an additional one hundred thousand customers to their GSM network when its commercially launched …
Back To Work
Striking flight attendants at Sri Lankas national carrier SriLankan Airlines announced they had ended a work stoppage that forced the airline to ground flights …
Wings Clipped
A strike by flight attendants over a pay row delayed several SriLankan Airlines flights and stranded passengers Friday, airport officials said.rnThere was no …
Scoring Points
Sri Lanka has made it to a list of 15 countries eligible for aid this year from the newly formed US Millennium Challenge Corporation (MCC). "Sri Lanka was …
Spring Cleaning
Fitch Ratings Lanka Limited has revised symbols used to communicate its national ratings in Sri Lanka, in order to achieve greater consistency with the rating …
Whats In A Name?
Work is expected to start this year, and SLT hopes to include its brand valuation into its 2004/5 financial statements.rnrnThe consultant will first have to …
Losing Weight
Carsons is exploring alternate uses for its loss-making Pegasus Reef Hotel, from an urban housing project to up-scale entertainment.The hotel has been …
Second Wicket
Lanka Rating, Sri Lankas second credit rating agency, opens shop later this month, after securing regulatory approval.Local capital markets are in a nascent …
Insurance or Hazard
Following the failure of Pramuka Bank, the Central Bank is looking again at the concept of deposit insurance. This years annual report talks of a financial …
Can the Central Hold?
Central Bank has been bringing down their policy rates in the last two years to encourage local investment. However they say that bank-lending rates have not …
Cost of Life
Twenty five per cent of Sri Lankan households now have some form of motorized transport up from 15 per cent in 1996. 28 percent have refrigerators, up from 16 …
Re-Igniting
The insurance watchdog is getting tough with the industry by re-introducing fire tariffs with a few modification starting June 1.Present fire tariffs have not …