Category:
Live Trades
Becoming the first in the South Asian region, Sri Lanka quote s inter-bank payment and settlement system went live on Monday, with Rs. 119 bn worth transactions settled at the close of trading.Now generally accepted as international best practice to settle urgent and high value inter-bank payments, the Rs. 900 mn Real Time Gross Settlement […]
Small Wonder
But, Hasitha Premaratne, HNBs Research Manager says, the lack of liquidity and a low free float market capitalisation, is holding Hemas back from rubbing shoulders with other top conglomerates like the John Keells Holdings Group.rn rnClick here for full research report:rnAptly describing the Hemas Group as a lquote small wonder, HNB Stockbrokers talks about the […]
Shining Star
Following the legacy of the famous De Beers diamonds and Tahitian pearls, is a test bed range of branded lquote Sriya Ceylon sapphires, as Sri Lanka stakes its claim in world gem markets. Developed by a British designer and collectively sponsored by industry, this is Sri Lankas first attempt to brand its high quality and […]
Hidden Gems
Following BCGs recommendations, JKH is building a new property development unit to push up returns from its extensive real estate holdings.rn rnWith a free float adjusted market capitalisation of US$ 157.9 mn after its recent bonus issue, JKH now qualifies to climb aboard the Morgan Stanley Capital Indexs Emerging Markets Index, says Hasitha Premaratne, Research […]
Work Out
A new army is being raised to fight a war off the battle field. Soldiers on hire, ready to fight for any side.Building on the limitation of Sri Lankas archaic labour laws and the cyclical needs of Information Communication Technology firms, an offshoot of Media Solutions – TechSys has built a database of over 1600 […]
Rubbing The Right Side
Sri Lanka used to be the fifth largest rubber supplier to the world a few years ago. But synthetic rubber manufacturers took over the market as age-old production processes left natural rubber producers helpless. But now the industry is changing face.A locally manufactured industrial rubber has got oversea buyers ready to bargain.rn rnLankaprene rubber is […]
Lankas Dilemma
Top trade delegations from around the world will meet in the Mexican city of Cancun, at a meeting billed by many to be one that can drastically change world trade patterns.But developed and developing countries will have to agree on a large variety of issues from opening up their agricultural sectors to protecting intellectual property […]
Law Vacuum
Top lawyers say that the passing in to law of the Consumer Affairs Authority bill has left a vacuum in the countrys laws on mergers and monopolies.The Fair-Trading Commission Act of 1987, which it replaced, had provisions to deal with mergers and monopoly situations.rn rnldblquote The Fair Trading Commission was empowered to deal with monopolies […]
New Limits
The Central Bank on Friday revised the limits on the daily foreign exchange net open positions (NOP) of commercial banks starting from September 1. rn rnThe revision, the bank says would help deepen the foreign exchange market, making it attractive for commercial banks to carry out their international operations efficiently and strengthening prudential regulations relating […]
Building Bubble
An ambitious feasibility study covering 13 key projects in the South has just been completed, with consultant Programme Development International keen on vying for the project. The Hambantota infrastructure project is a large-scale development effort that identifies several independent profit centres to be set up in the Hambantota and Moneragala region.rn rnIncluded in the US$ […]
Travel Claim
A top travel agent has claimed Rs 90 mn from Pramuka Bank for damages suffered as a result of the banks closure last year.Superlink Chief Ranjith Silva says he is awaiting a reply from the bank for the letter of demand sent late last month.rn rnThe travel agency says it got into severe difficulties due […]
PERC Help
Peoples Bank plans to sell off its merchant banking unit through the governments privatisation arm endash the Public Enterprise Reform Commission.Chairman Lal Nanayakkara told Lanka Business Online that firm dates have not been set to dispose its 39 percent stake in Peoples Merchant Bank.But a decision has been taken to sell it off through PERC, […]