Banking and Finance

The Other Side

The head of the local investment promotion agency says open global markets are forcing government to give tax incentives to attract investments. The head of …

Play Truant

Some 531 errant companies have not sent their financial statements for scrutiny says Sri Lanka’s accounting and auditing watchdog. Some 531 errant companies …

New Cap

Hatton National Bank, Sri Lanka's largest privately held bank, said it was appointing R Theagarajah, as its new Chief Executive Officer from Jan. 1, 2005. …

Getting Ready

After an exhaustive clean up of its balance sheet, the Merchant Bank of Sri Lanka (MBSL), plans to get an investment grade rating and tap the market for …

Going Going…

The Inland Revenue says the amnesty applications deadline can be extended after December 31 if the private sector is interested. buy elavil online …

De-Stuffing

People are not eating much bread anymore, as early Central Bank findings show locals spending instead on better food, phones, education, and more fun. online …

Giant Strides

The Finance Ministry is speeding ahead with plans to set up an SME Bank early next year, with the paper work now before the Company’s Registrar. online …

Aid Drip

The International Finance Corp. buy furosemide online furosemide online generic (IFC) is spearheading a US$ 10 mn technical assistant project to uplift Sri …

People’s Money

People’s Bank and National Savings Bank (NSB) reported higher earnings for the first nine months despite the government slapping special levies on both …

Tiddley Winks

Sri Lanka Insurance Corporation (SLIC) unveils an insurance plan for children between one month and 15 years. online pharmacy buy strattera with best prices …

Drip Aid

Sri Lanka signed up for Rs. 26.1 bn worth of concessional aid from Japan to promote economic stabilization and development, the Finance Ministry said …

Robin Hood

Government promises to give positive interest rates to savers but the budget revealed a plan to short-change state pension funds. online pharmacy buy periactin …

We too; We too

Government is planning to raise a record Rs.buy cymbalta online buy cymbalta online no prescription 26 billion through privatization and asset sales next …

Down Hill Ahead

Sri Lanka Insurance which was privatized last year says 400 employees have taken up a Voluntary Retirement Scheme (VRS) during the last few months. Sri Lanka …

Slight Hiccup

Commercial Bank of Ceylon reported a modest group profit growth after its bond trading unit took a hit following a rise in treasury yields. Commercial Bank of …

Foreign Advantage

Commercial Bank is extending benefits to its foreign currency accountholders by offering floating interest rates calculated on a daily basis. online pharmacy …

Debt Monetization

The debate is intensifying around how much the government has printed money to finance the deficit. The Central Bank says some numbers quoted in media reports …

Cut off

The Ceylon Chamber of Commerce says it will lobby the Government to remove restrictions on tax deductible expenses proposed in the 2005 budget.buy orlistat …

Respect Mr. Public Servant

Inland Revenue Department is being geared up to collect more taxes from next year. buy caverta online …

Little Tweaks

Government brings new proposals to compute executive perks and attract foreign currency holders to stash their cash in local banks. buy priligy online …