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Sept. inflation climbs up to 11.6%, as a hefty oil bill and a falling rupee takes its toll on the economy
Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation as measured by the Colombo Consumer […]
Three Medals
National Development Bank (NDB) has secured an AA (sri) rating, while its commercial and housing banking units were each rated AA-(sri) by Fitch Ratings Lanka Ltd. NDB’s subordinated unsecured debt walked off with AA-(sri) (double AA minus) and NDB Bank – its commercial banking arm – picked up a A+(sri) (A plus) rating for their […]
Hop Along
Private bus fares will go up by around 15 percent from October 1, in response to the government’s decision to raise diesel prices by Rs.8.00 last Friday. Private bus fares will go up by around 15 percent from October 1, in response to the government’s decision to raise diesel prices by Rs. 8.00 last Friday. […]
Taking the ‘heavy conceptual stuff’ out of conservation and creating a million birders.
Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025.Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025. “A birdwatcher,” wildlife enthusiast and CEO […]
Changing Tracks
The Transport Ministry is mooting changes to the century old Railway Ordinance, to resurrect it once the new Railway Authority Act is repelled.The Transport Ministry is mooting changes to the century old Railway Ordinance, to resurrect it once the new Railway Authority Act is repelled. “The draft to repeal the Sri Lanka Railway Authority Act […]
Yellow Light
A campaign to re-route Galle Road traffic has hit a red light, with the Colombo Traffic Police Div., looking for more time to shape up its plans.A campaign to re-route Galle Road traffic has hit a red light, with the Colombo Traffic Police Div., looking for more time to shape up its plans. The Colombo […]
” out of conservation and creating a million birders.
Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025.Creative book publishing may be one way to take the ‘heavy conceptual stuff’ out of conservation, possibly even creating 1 mn avid birders by 2025. “A birdwatcher,” wildlife enthusiast and CEO […]
Clean Cut
The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. Ex-Chairman Michael L Mack got […]
Sri Lanka’s balance of payments balloons to US$ 223 mn for the six months ending June 2004
Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six months ending to June, amid higher world oil prices and a falling rupee, the Central Bank said Monday.Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six […]
In Breeding
National Development Bank (NDB) is expecting a green light to an amendment to its Act to merge with its commercial banking subsidiary NDB Bank. National Development Bank (NDB) is expecting a green light to an amendment to its Act to merge with its commercial banking subsidiary NDB Bank. The bill, submitted as an urgent one […]
SriLankan Airlines reported record earnings growth but warned high fuel prices would reduce profits this year.
SriLankan Airlines reported record earnings growth but warned high fuel prices would reduce profits this year.SriLankan Airlines reported record earnings growth but warned high fuel prices would reduce profits this year. The national carrier that uses the Colombo airport as a hub saw post tax profits climb to Rs.4.3 billion with an ROE of 88 […]
Natural Money
Most of the untapped tourism potential in the country doesn’t lie along the pristine coastline anymore but off the beaten track. Most of the untapped tourism potential in the country doesn’t lie along the pristine coastline anymore but off the beaten track. The leisure sector is trying to attract high spending travelers who are keen […]