Category:
Beware
Amendments to the Companies quote Act would focus on enhancing minority shareholders rights and disclosing directors quote duties, he added. rnrnCommenting on the impending maiden budget of the government, Pieris said budget will be presented in third week of March, followed by a shorter than usual Parliamentary debate in order to approve the provisions by […]
Soft Hopes
A Microsoft spokesperson said they hoped that greater awareness would encourage computer users to consider purchasing original software.rn rnIn addition they feel that when companies like Microsoft take an interest in growing markets like Sri Lanka, it highlights the importance and advantages of using original software. rn rnldblquote Price would definitely be a factor and […]
Red Tape Tax
The survey selected 200 medium and large-scale businesses operating in Colombo and Kurunagela to identify major regulatory impediments affecting economic development in the country. rnrnAccording to the survey, a business loan on average takes 56 days to process and nearly 2 percent of the loan value is spent fulfilling the regulatory requirements of the loan. […]
Forward Farmers
One of the key problems that hamper agriculture these days is price volatility.Primary agricultural markets have traditionally been volatile, with problems sometimes getting out of hand by ad hoc government policies. Attempts to restore price stability with guaranteed price increases have seen limited success.rnrnWith crashing markets spelling ruins for many farmers, the Central Bank initiated […]
Changing The Basket
Out with the old and on with the new, Sri Lanka quote s decades old consumer price index has finally lquote hit the basket quote , giving way for revamped lquote Sri Lanka Consumer Price Index quote (SLCPI).
Fighting for Custody
Fitch Ratings Lanka quote s CEO is flying out on a rescue mission to try and salvage an impending divorce from its US partner Fitch IBCA.
Inflation Brigade
The Central Bank plans to adopt Inflation Targeting during this year as a policy measure to control inflation, Governor A S Jayarwadene told Lanka Business Online today.rn rnInflation Targeting is a method adopted by some Central Banks in the developed countries, to effectively control long run inflation by publicly announcing inflation targets and monetary policy […]
Hungry For More
The bank has already expressed intentions to the top management of two Colombo based commercial banks, Citibank quote s CEO Kapila Jayawardena told Lanka Business Online in an interview today. rnrnldblquote We are not interested in acquiring a branch network. It is more in terms of a portfolio purchase to expand our local corporate base […]
Broad Portfolio
SLT hops to test the viability of the system in the Slave Island before moving to other areas. rnrnThe Asymmetric Digital Subscriber Line (ADSL) will give users a connection of up to 2 Mbps for uplink and 512 Kbps for downlink.rn
Talking Terms
iOnosphere, set up shop last July with a US$ 2.5 mn investment to provide high end internet services.A further US$ 1.5 mn was expected to come in during the next stage of the project. rnrnAnura de Silva, iOnosphere quote s CEO told Lanka Business Online that a number of local and foreign parties have expressed […]
Over Selling
The euphoria poured over to today trading, taking the benchmark All Share Price Index up 3.39 points to close at 570.08. The bluechip tracker, the Milanka Price Index closed at 923.38 up 7.34 points from last Friday Brokers said that the market had no choice but to turnaround, as it was getting a little too […]
Closer Look
The Lloyd quote s Underwriters Association secured their services as a precursor to remove the remaining war risk premiums on ships calling at the Colombo port. rnrnThe audit is expected to take five days and the report is due a week later. Lloyds is expected to make their decision thereafter, shipping sources said. rnrnThe consultants […]