Category:
Blood Brothers
Sri Lanka’s Central Bank has approved the merger between Nations Trust Bank and Mercantile Leasing Ltd, a key shareholder of both units said Sunday.Sri Lanka’s Central Bank has approved the merger between Nations Trust Bank and Mercantile Leasing Ltd, a key shareholder of both units said Sunday. Shareholders of both entities approved the transaction where, […]
Tamil Tigers ease war fears in Sri Lanka as president renews talks offer
A Tamil Tiger deadline for a political deal in Sri Lanka eased fears of an immediate return to war in the South Asian nation and left room for the new government to manoeuvre, analysts said Monday.A Tamil Tiger deadline for a political deal in Sri Lanka eased fears of an immediate return to war in […]
Sri Lanka president invites Tigers for talks
Sri Lanka’s new President Mahinda Rajapakse Monday invited the Tamil Tigers for peace talks a day after the separatist guerrillas issued a deadline for him to cut a peace deal quickly or risk a new war.Sri Lanka’s new President Mahinda Rajapakse Monday invited the Tamil Tigers for peace talks a day after the separatist guerrillas […]
WTO to pay special attention to small economies like Sri Lanka
The World Trade Organisation (WTO) agrees to pay special attention to small, vulnerable economies like Sri Lanka, during international trade talks.The World Trade Organisation (WTO) agrees to pay special attention to small, vulnerable economies like Sri Lanka, during international trade talks. The WTOs draft text for its Ministerial meeting in December, calls on WTO countries […]
‘s Tigers issue deadline to resume war for independence
Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk a war that could break up the island.Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk […]
Strategic Failure
Management accountant practices could be better used for strategic planning than already done in listed companies according to some academics who studied their use.Management accountant practices could be better used for strategic planning than already done in listed companies according to some academics who studied their use. They presented their findings to the CIMA Sri […]
Spreading the Aroma of Cinnamon
John Keells Holdings, a listed conglomerate, says their re-branding of some hotel properties as Cinnamon is part of the group’s overall reorganization.John Keells Holdings, a listed conglomerate, says their re-branding of some hotel properties as Cinnamon is part of the group’s overall reorganization. The group reorganized operations under different sectors earlier this year. John Keells […]
Ageing Process
Ceylon tea was renowned for its quality. Ceylon tea was renowned for its quality. But supplies exceeding demand, higher cost of production and middlemen margins have forced the tea industry to compete on price rather than on quality. Consumers preferring flavored and instant teas are also not helping the local tea industry that produces old […]
World Bank gives economic management tips to Sri Lanka’s new policymakers
Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move beyond a five percent growth, the World Bank’s country chief said Saturday.Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move […]
Revving Up
Sri Lanka’s new president demanded Friday the launch of a fresh peace process with Tamil Tiger rebels in the ethnically troubled island and “transparent” monitoring of a Norwegian-brokered truce.Sri Lanka’s new president demanded Friday the launch of a fresh peace process with Tamil Tiger rebels in the ethnically troubled island and “transparent” monitoring of a […]
‘s new policymakers
Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move beyond a five percent growth, the World Bank’s country chief said Saturday.Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move […]
President’s speech fails to inspire the market
President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. Towards the market close, the All Share Index was trading 16.4 points lower at 2200, with turnover […]