Desperate Plea
Pramuka Banks depositors association on Monday appealed to President Chandrika Kumaratunga to intervene and re-open the failed bank.Members walked up to the …
Industry
Kandy Link
Bids to construct the Colombo Kandy expressway closed Monday, with thirteen parties expressing interest for the project.Early December, the Board of Investment …
SET marries BoC ATMs
Sampath and Bank of Ceylon signed a memorandum of understanding to link their automatic teller machines locallyThe deal will create a combined network of more …
Who Pays?
Fixed phone subscribers could pay between Rs. 2.63 to Rs. 6.12 more if all incoming calls to mobile phones are made free from Jan. buy zenegra online zenegra …
Little Solace
Depositors of the collapsed Pramuka Savings & Development Bank are likely to get a third of their money back once the liquidation process starts to roll …
Tour De Farce
The future of the tourism industry hangs loose as travel associations squabble over as to that should represent the industry.Some in the trade have already …
No System Risk
Officials say the collapse of Pramuka Bank will not pose a systemic risk to the financial sector, as most commercial banks did not have links with the failed …
Low Cost Loans
Government has put up Rs. 3 billion to provide low cost housing loans in a bid to raise the levels of house ownership in the country.Specialized housing banks …
Down the Drain
Central Bank today directed its banking supervision department to liquidate Pramuka, after cancelling its licence. An attempt to revive the suspended bank was …
Home Builders
The Treasury on Wednesday gave a Rs. 3 bn subsidy to local banks, to kick-start the low-middle income-housing segment.Of the Rs. 3 bn loan package, the …
Local Tie
Sampath and Bank of Ceylon signed a memorandum of understanding to link their automatic teller machines locally, a top official said.The deal will create a …
Caught Out
As regulators continued to probe deeper in to the Pramuka Bank irregularities, a senior bank official was caught red-handed by Central Bank officials on …
Skills Development
The John Keells Groups IT training arm has put together Global Executive Programme for the working professionals who are aspiring to reach great heights in …
Merging Skills
Treasury officials are looking at merging the present Skills Development Fund Ltd with the upcoming Human Resource Endowment Fund that is to be set up next …
Colour Guide
In what could lead the way to a common directory for subscribers from all networks, Sri Lanka Telecom today launched its in-house compiled provincial directory …
Close Watch
The governments 20 percent stake in Commercial Bank held through Sri Lanka Insurance Corp. has caught the interest of the International Finance CorpA …
Letting Lose
Peoples Leasing Company is scouting for a strategic partner as its parent company is keen to reduce its holding in the company.Formed as a fully owned …
Outsourcing R&D
Following in the footsteps of international corporate giants, local companies have begun using venture capital for outsourcing research and development.A top …
Plot Thickens
Pramuka Banks crisis deepened this week with courts issuing orders on the senior management not to leave the country.But Pramuka Chief Rohan Perera has already …
State Challenge
The government is fast putting together a regulatory framework to facilitate competition.At the same time the private sector together with trade chambers have …