Bonded
Bond dealers are expecting the Monetary Board to cut benchmark Overnight rates next week as inflation continues to fall.Bond traders who have been making super …
EPF, ETF Merger
The two state pension funds, the EPF and the ETF are going to be merged next year in a bid to draw on synergies between the two.A consultant is expected to be …
Who Is The Winner?
A consortium of state institutions led by the Bank of Ceylon (BoC) has expressed interest in taking over undercapitalised Peoples Bank. The National Savings …
Kapuwas Dilemma
The traditional kapuwa or marriage broker may be slowly going out of the scene, but certainly not his services.Local businessmen have now started to give a new …
AMC Bite
An asset management company primarily created to take over half the dud loans of Peoples Bank will come with a bite that is stronger than the bark.According to …
Bitter Pill
Upcoming laws to buyout dud loans of financial institutions, has wide ranging powers including prison terms for directors who fail to comply and powers to the …
Magic Touch
Rising IT superstar, Millennium IT is heading for a US$ 5 mn net profit this year, after clinching top clients for its innovative line of products.The firm is …
True Profits
Rising profits from ground handling and an accounting policy change helped SriLankan Airlines buck the international trend to report a Rs. 2.1 bn (US $ 21mn) …
On Target
NDB Banks post tax profits surged 46 percent for the first six months of 2003 and said it was on target to merge with National Development Bank (NDB) by the …
Big Brothers Help
MERC Bank is hoping to expand its loan book by leveraging on DFCC Banks balance sheet.DFCC Bank, which acquired a 90 percent slice in the trouble MERC Bank for …
Index Link
The treasury of Sri Lankas first development bank snapped up bulk of a two index linked commercial paper issues this week, betting that the stock market would …
Making It Work
rnrnrnrnrnrnNew Page 1rnrnrnrnrnSources said Bank of Ceylon,rnNSB, Commercial Bank and John Keells Holdings are keen to invest.rnThe government is …
Safe Bet
Nations Trust Bank has secured a SL A- national rating from Fitch Ratings Lanka for its long-term unsecured senior debt.SL A- long-term rating denotes a low …
Skyward Mobility
SriLankan Airlines tied mobile usage to its frequent flyer rewards programme endash Skywards, tying up with local mobile operator Dialog GSM. The partnership …
Revenue Options
The Accounting Watchdog plans to charge a cess from firms it audits accounts, beginning next year.rnrnrnrnrnrnNew Page 1rnrnrnrnrnPlansrnare also underway to …
Spurring Growth
A Sri Lankan contingent flying to China on August 08, will look to obtain technology transfers and investment partnerships for the local rubber and tea …
Quick Drip
Cutting out the hassle in claiming medical bills, Eagle Insurance on Monday launched a cashless hospital bill payment system. The cashless payment system, a …
More Exploring
Central Bank withdrew its appeal in the Supreme Court, against the order given by the Court of Appeal on the Pramuka case on Monday.The Appeal court issued a …
Split Options
Telecom operators have provisionally consented to split transit operation revenue in a 40:60 basis to replace the present 20:80 ratio.However, the new ratio …
Trickling In
The first tranche of Japans commitment at the Tokyo donor conference rolled into the country today through a grant of Rs. 1.198 billion for a water supply …