Debt Bank
A senior government official warned that the economy is in a silent crisis, which is evident in the balance sheets of the banks.rnArjuna Mahendran, BOI …
Industry
Clean Slate
A top rung Economists is suggesting the government converts one of the two state owned commercial banks to a Non-Performing Loan (NPL) management agency in …
Get Going
Issues ranging from market regulators incompetence to issues that are strangling the debt market, the insurance sector, the Central Bank quote s role, exchange …
Risky Business
According to the study, the local banking sector is saddled with a 19 percent NPL ratio and only few banks record a NPL ratio below 10 percent. Cost to income …
Changing Accounts
At least two local banks are carrying out due diligence studies to make a bid, informed market sources told Lanka Business Online. rnrnLeading consultancy, …
Paperback Sale
Stamford Press is floating a new company called Stamford Lanka (Pvt) Ltd to acquire LHB from Lake House Investments (LHI). rnrnStamford Lanka will be jointly …
Hot Pursuit
The government today expressed its interest to dispose its 39 percent stake in NIC to the highest bidder. The employees control 10 percent of the company. …
Bargains
An exciting holiday in Malaysia has become affordable to many Sri Lankans under an amazing new package on offer from Emirates till end
T Txt Msg
Information is sent out in a segmented form according to the needs of different user categories such as superintendents, CEO, division managers and buyers and …
Northbound
The Mercantile Merchant Bank Ltd (MMBL), one of the two local agents for the Western Union has set on a aggressive expansion drive that will double its 25 sub …
Accounting Online
The solution combines IT hardware from IBM, accounting software from Golden Key and telecommunication services of SLT to give companies a ready to use …
Starry Nights
After weeks of frenzied speculation, maneuvering and an advertising blitz, Grant McCann Erickson clinched the campaign of the year, at the Sri Lanka Institute …
Picking Up Lost Time
Spearheaded by the Labour Ministry, the initiative will be in the form of a five-year rolling plan, a draft policy of which has already been drawn up. …
Poor Show
The bank is also planning to raise Rs. 1 bn to its Tier II capital ratio through a debt instrument or preference shares, to improve its total capital ratio to …
Breaking Boundaries
Suntel wOw has signed up with Dialog, Celltel and Mobitel enabling its portal users to send SMS to these networks. rnrnHowever, Celltel and Mobitel users have …
Future Proof
Speaking to LBO, Intel quote s GM endash Channels South Asia, Amar Babu said though Sri Lanka was behind Bangladesh in terms of sales, it was the fastest …
Hear Us
The system of policy and law enactment has come under fire, for its lack of transparency and closed-door attitude to open discussion and consultation. rnrnIn a …
Small Openings
On the cards are a higher ownership limits on foreign stakes in financial services including banks and insurance companies. rnPresently, foreign ownership is …
Short Cut
The government presently runs a two-tier tax system where provincial councils charges a 1 percent Turnover Tax (TT) while the Inland Revenue charges a 12.5 …
Colombo Goes Online
Colombo is the latest station on the Emirates network to receive the on-line booking facility, which also allows travellers to check seat availability on all …