On Target
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 …
Industry
Safe Bet
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 …
Making It Work
rnrnrnrnrnrnNew Page 1rnrnrnrnrnSources said Bank of Ceylon,rnNSB, Commercial Bank and John Keells Holdings are keen to invest.rnThe government is …
Index Link
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 …
Revenue Options
The Accounting Watchdog plans to charge a cess from firms it audits accounts, beginning next year.rnrnrnrnrnrnNew Page 1rnrnrnrnrnPlansrnare also underway to …
Skyward Mobility
SriLankan Airlines tied mobile usage to its frequent flyer rewards programme endash Skywards, tying up with local mobile operator Dialog GSM. The partnership …
Split Options
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 …
More Exploring
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 …
Quick Drip
Cutting out the hassle in claiming medical bills, Eagle Insurance on Monday launched a cashless hospital bill payment system. The cashless payment system, a …
Sharpening Skills
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 …
Professional Managers
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 …
AASL Grounded
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 …
When youre talking’85
Mobile service providers expressed concern last week over Mobitel announcement about its plans to launch a digital network.Other players fear that the company …
New Licence
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 …
Close Scrutiny
The Central Bank has commissioned audit consultants E&Y to do a valuation on six rural development banks up for privatisation.E&Ys mandate includes coming up …
Monopoly Class
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 …
Backdoor Withdrawal
Members of the Employees Provident Fund are using the State Mortgage Investment Bank as a conduit for premature withdrawal of their EPF balances.SMIB has the …
Weight Watching
The Airport and Aviation Services, is coming out with a financial package to shed around 1000 excess staff.The voluntary retirement scheme is being firmed and …
Green Paper
The government has rolled out its first draft of a national eco-tourism policy, mapping out development guidelines for mushrooming, unregulated eco-tourism …
Good Start
DFCC Bank said Wednesday its net profits grew by 14 percent to Rs. 305 mn during the first quarter of this year. online pharmacy buy strattera with best prices …