Nest Egg
June 28, 2006 (LBO) - A collective agreement covering the salaries and benefits of the state bank employees is due to be signed Thursday, Sri Lanka's largest …
Banking and Finance
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Foundation Stone
June 27, 2006 (LBO) – Sri Lanka's President Mahinda Rajapakse Tuesday launched a new state-own development bank aimed at assisting small and medium scale …
Humble Abode
June 23, 2006 (LBO) - Sri Lanka's housing authority is to set up a low income housing fund to help re-locate people in Colombo's under-served areas, run-down …
Plum Job
June 22, 2006 (LBO) – Sri Lanka Thursday appointed Ajith Nivard Cabraal as the governor of the Central Bank, president Mahinda Rajapakse’s office …
Big Bank
June 22, 2006 (LBO) – Sri Lanka will merge several state-owned banks catering to small medium sector enterprises into one larger bank, a top government …
Quiet Walk
June 21, 2006 (LBO) – State Bank of India plans to expand its reach in Sri Lanka, making use of an upsurge in business climate since the February 2002 …
Taxing Problem
June 18, 2006 (LBO) - Sri Lanka's financial sector has been a favorite target of fiscal authorities during the past few years. In addition to an increase in …
Green Fingers
June 14, 2006 (LBO) – Sri Lanka's securities watchdog is probing the accounts of forestry management company Touchwood Investments Ltd, to figure out how …
Small Umbrella
June 13, 2006 (LBO) – Hatton National Bank, Sri Lanka's second largest privately owned lender by assets, has stepped up its micro credit programme by …
Wage Bank
June 13, 2006 (LBO) - State bank employees will get a salary hike of up to 20 percent under a new agreement with trade unions. Bank of Ceylon, People’s …
New Broom
June 08 (LBO) - The newly set up, state-sponsored Lanka Puthra Development Bank is to begin operations by the end of this month, but the bank, which has no …
Safe Investment
June 7 (Dow Jones) - Sri Lanka's Richard Pieris & Co. said Wednesday it would make a capital gain of 125 million rupees (1.2 million dollars) from the sale of …
Against Odds
June 6, 2006 (LBO) – Diversified Hemas Holdings Ltd Tuesday posted a 16 percent growth in full-year profits for the year ended March 31, 2006, boosted by …
Facelift
The newly re-constituted Strategic Enterprises Management Agency (SEMA) says it is reviewing all state institutions under its management and developing action …
Winning Bets
June 1, 2006 (LBO) – John Keells Holdings Ltd., Sri Lanka's second-largest quoted company, had a 34 percent rise in its full-year profit as gains from …
Office Blocks
May 29 (LBO) – The Korean government gave Sri Lanka a 20 million dollar loan on Monday for an administrative complex in the South to relocate tsunami hit …
Giant Strides
May 29, 2006 (LBO) – Bank of Ceylon, Sri Lanka's biggest state owned lender in terms of assets, is confident of making a 4.5 billion profit before taxes …
Pitter Patter
May 29, 2006 (LBO) – The International Finance Corp, the private sector arm of the World Bank Group Monday launched a 10 million dollar technical …
Plumbing Job
May 26, 2006 (LBO) – Sri Lanka’s Seylan Bank's credit outlook could be downgraded if the bank fails to beef up its capital, improves profitability …
Firm Faith
May 25, 2006 (LBO) – Sri Lanka’s biggest leasing company, People’s Leasing, has begun offering Islamic financial products, catering to …