Banking and Finance

New Plan

Sri Lanka has been urged to devise a new Poverty Reduction Strategy (PRS) with the World Bank following the donor meeting in May. online pharmacy buy diflucan …

Thin Ice

Sri Lanka's tiny Rs. 17 bn insurance industry needs to 'tighten up its act' on regulation and solvency margins, after the recent tsunami left behind Rs. online …

Cash Crunch

The government's overdue subsidy payments for fuel and flour had snowballed to a massive Rs. online pharmacy buy diflucan with best prices today in the USA buy …

PABC makes profit

Pan Asia Bank Corporation (PABC) hopes to increase its capital adequacy ratio through a Rights Issue early next year.buy temovate online buy temovate online no …

Up, Up

Workers' remittances are a key source of foreign exchange for developing countries, at more than 100 billion dollars a year and expected to rise, but …

Pay Up

Sri Lanka's Central Bank on Friday raised the minimum capital requirement for commercial banks by 400 percent to promote a robust and stable financial system. …

Joint Forces

The government says is it has not yet been able to set up a joint mechanism to fund the North and East, and is waiting for a word from the LTTE top brass. …

Hic Hic

Sri Lanka's warring parties are yet to agree on how to disburse millions of dollars in foreign aid for tsunami survivors more than three months after the …

Short Selling

The Public Enterprises Reform Commission (PERC) has billed just over a million rupees for the government so far, selling its minority stakes in listed …

Swiss Aid

Switzerland on Wednesday gave Sri Lanka US$ 7 mn as aid for cash grants to rebuild houses outside the coastal buffer zone in tsunami affected areas. online …

Thrice Over

Destitute Hambantota entreprenuers, who were hit by the tsunami, then battered by the government's buffer zone rules, are now caught in another vicious trap as …

People Power

People’s Bank said last year’s profits beat targets set in its restructuring plan despite increasing pressure on margins and higher provision for staff …

Big Mama

Treasury Secretary says the country’s risk-averse banking sector has failed to assist entrepreneurs especially in the small and medium sector. buy zithromax …

Abracadabra

State-run People's Bank is counting on an asset revaluation plus a Rs. 8 bn cash injection from the Asian Development Bank to stay afloat in the coming years. …

Top Insurer

The Insurance Board of Sri Lanka has posted Lasinee Seresinhe as it new Director General. online pharmacy buy strattera with best prices today in the USA …

Millennium Challenge Corporation of US asks Sri Lanka to whip its economy into shape

Mar 31, 2005 (LBO) - The Millennium Challenge Corporation has asked Sri Lanka to whip its economic plan into suitable shape to access funds in its US$ 1 bn …

Single Window

The birth of new financial services powerhouse that seeks to take capital-related activities to a new paradigm and across national borders, was announced today …

Second Window

The Commercial Bank of Ceylon has extended its reach in Bangladesh with the opening of a branch at the Bangladesh Export Processing Zone Authority (BEPZA) …

Fee Offer

Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on …

Pension Plans

Over 3000 employees from the three state banks and the Central Bank want the government to reintroduce an employer contributed pension scheme. online pharmacy …