Done Deal
The Peoples Bank board has agreed to sell its 62 percent stake in its venture capital arm to the Janashakthi Group for Rs. 165 mn.The deal to formalise Peoples …
Water Tight
Often exploited, fought over, and colossally under priced, water has become the stuff of international politics. As Sri Lanka wages peace, it is wading through …
Direct Link
The US Treasury has lent an official to give technical expertise to start off the new Public Debt Management Office.The Public Debt Management Office is due to …
Development Money
The Asian Development Bank (ADB) on Monday pledged US$ 105.3 million to support two projects linked to education and water and sanitation. online pharmacy buy …
Scrip less deals
A new electronic system to settle inter bank transactions will come on line as scheduled next month with new interest free liquidity support offered by Central …
Rest In Peace
The government urban planning agency (UDA) is considering the full or part sale of over 40 Rest Houses under its ownership.The urban development authority says …
Home Sweet Home
House ownership is on the rise but experts say the country is far from meeting the demand of 70,000 new units needed annually. Policy makers are however trying …
Loan Way To Go
Demand for credit has been on a steady rise this year with the Central Bank saying that growth year-on-year could hit 13% -almost double the last years …
Cut The Cut Throats
Telecom watchdog - the Telecommunication Regulatory Commission (TRC) - is getting advice on identifying and handling dominant players, which is key to …
Counting Pennies
Private sector credit demand has been on an upward trajectory this year, with the Central Bank expecting year-end growth to hit 16 percent.rnrnrnrnrnrnrnNew …
Tax Free
Asian Hotels will merge with fully owned subsidiary Crescat Developments (CDL) to take up recent tax relief offered to help under performing industries. The …
Fresh Cuppa
The ultimate goal of being a leading international brand has brought a new entrant to the local tea marketing fraternity - J V Gokal Ceylon, the Indo-Lanka BOI …
Two More
In line with the national numbering plan, Sri Lanka Telecoms Colombo Metro subscriber base whose numbers begin with 3,4,5,6,7,8 and 9.The six digit phone …
Steep Drop
The Central Bank cut its key short-term discount rates by 75 basis points on Friday after its monthly monetary policy meeting on Thursday evening.The overnight …
Weight Watching
Peoples Bank is talking to investors to sell off two of its subsidiaries, as part of its ongoing restructuring programme.Sri Lankas largest state-bank has …
Big Appetite
Peoples Leasing Company (PLC) is looking to strengthen its top position in the leasing market, with an ambitious plan to penetrate deeper into the growing …
Gilt Strip
The Central Bank will look at the possibility of permitting gilt stripping after the RTGS and scripless securities settlement system is up and running, opening …
Real Late
Scripless trading of government bonds is likely to be delayed till October after a delay in pushing through legal changes.The Registered Stock and Securities …
Still falling
Long term bond yields fell again at this weeks auction, with the Rs 2000 mn issue being oversubscribed around three times.The weighted average ten-year yield …
Pocket Banking
Celltel subscribers who bank with Sampath Bank can virtually carry their bank in their pockets, through an innovative SMS-based facility launched this …