Who Is The Winner?
A consortium of state institutions led by the Bank of Ceylon (BoC) has expressed interest in taking over undercapitalised Peoples Bank. The National Savings …
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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.A consortium of state institutions led by the Bank of Ceylon (BoC) has expressed interest in taking over undercapitalised Peoples Bank. The National Savings …
The two state pension funds, the EPF and the ETF are going to be merged next year in a bid to draw on synergies between the two.A consultant is expected to be …
Rising IT superstar, Millennium IT is heading for a US$ 5 mn net profit this year, after clinching top clients for its innovative line of products.The firm is …
MERC Bank is hoping to expand its loan book by leveraging on DFCC Banks balance sheet.DFCC Bank, which acquired a 90 percent slice in the trouble MERC Bank for …
NDB Banks post tax profits surged 46 percent for the first six months of 2003 and said it was on target to merge with National Development Bank (NDB) by the …
Rising profits from ground handling and an accounting policy change helped SriLankan Airlines buck the international trend to report a Rs. 2.1 bn (US $ 21mn) …
Nations Trust Bank has secured a SL A- national rating from Fitch Ratings Lanka for its long-term unsecured senior debt.SL A- long-term rating denotes a low …
rnrnrnrnrnrnNew Page 1rnrnrnrnrnSources said Bank of Ceylon,rnNSB, Commercial Bank and John Keells Holdings are keen to invest.rnThe government is …
The treasury of Sri Lankas first development bank snapped up bulk of a two index linked commercial paper issues this week, betting that the stock market would …
The Accounting Watchdog plans to charge a cess from firms it audits accounts, beginning next year.rnrnrnrnrnrnNew Page 1rnrnrnrnrnPlansrnare also underway to …
SriLankan Airlines tied mobile usage to its frequent flyer rewards programme endash Skywards, tying up with local mobile operator Dialog GSM. The partnership …
Central Bank withdrew its appeal in the Supreme Court, against the order given by the Court of Appeal on the Pramuka case on Monday.The Appeal court issued a …
Cutting out the hassle in claiming medical bills, Eagle Insurance on Monday launched a cashless hospital bill payment system. The cashless payment system, a …
Telecom operators have provisionally consented to split transit operation revenue in a 40:60 basis to replace the present 20:80 ratio.However, the new ratio …
The Asian Development Bank is helping Sri Lanka to reduce the mismatch between worker skills and labour market demands, through a US$ 600,000 technical …
Aviation officials warn that the government would lose over a Rs. 100 mn in revenue annually as a result of new concessions granted to SriLankan Airlines under …
The Alumni of a top business school is looking for a parliamentary nod to setup a professional body of managers with its own code of ethics.The self-financed …
Mobile service providers expressed concern last week over Mobitel announcement about its plans to launch a digital network.Other players fear that the company …
A new agreement between Emirates and the government to lift catering and ground-handling monopolies at the airport has come under fire, forcing officials to …
Signalling an economic revival, the Registrar of Companies reports a 35 percent growth in new companies registrations from Jan-June 2003.Of the 1778 new …