Banking and Finance

Wriggling In

The Inland Revenue Dept is trying to coax the banking sector to give out the national identity card number of its deposit holders. online pharmacy …

Reverse Psychology

The Inland Revenue Dept has submitted a paper to overturn part of the tax amnesty bill presented by the previous government. buy celexa online …

Don’t Be Duped

The Central Bank on Wednesday warned the public against using foreign currency bank drafts or membership charges to invest in pyramid or similar referral …

Sweet Dreams

Fulfilling the dreams and aspirations you have for your child becomes a reality with Arshirvada Child Life Plan launched recently by Life Insurance Corporation …

Tax Treat

A Sri Lanka-US taxation treaty kicked in on Monday, harmonising joint tax laws and allowing for tax credit and concessions for investors in both …

Negotiable Brokering

A proposal to reduce transaction fees for equity investments is now being debated among regulators and stockbrokers.SEC Director General Palitha Silva …

Debt Raising

Senkadagala Finance plans to shortly tap the market to raise up to Rs. 500 mn in debt to feed its growing leasing portfolio.The firms Managing Director …

Listing Rules

The securities watchdog will shortly include fresh guidelines to the ongoing listing rules to facilitate close ended unit trust.The move comes after the …

Acting Fast

The Finance Minister has won the Cabinet nod to go ahead to enact five amendments to tax related acts to seal up its revenue lines and increase collection. …

Heavy Load

The Treasury says it has forked out Rs. 6 bn todate to subsidise essential items like petroleum, wheat, flour, fertilizer and sugar. online pharmacy …

Building High

A 22.46 percent larger loan book propped up by lower interest rates and growing demand for homes upped income at Housing Development Finance Corp. online …

Audit Check

The securities watchdog has issued tough guidelines on the role of auditors and non-audit services, which will be made compulsory for listed firms from next …

Mismatch

Total revenue for the period Jan-Apr fell three percent to Rs. 91.7 bn while overall expenditure jumped 33 percent to Rs. 121.0 bn, the Finance Minister Dr. …

Upping It

The Central Bank says it hopes to raise up to US$ 400 mn in bonds shortly, to bridge the budget deficit and ease the pressure on the local debt market.The bank …

Masala Recipe

Experts from Indian Bank are flying in next month to help out with giving alternate proposals to revamp the technically insolvent Peoples Bank.The Indian bank …

Quick Cash

Commercial Bank of Ceylon has tied up with Xpress Money, to provide Lankan expatriates facilities to transfer funds to Sri Lanka instantly. With this …

Forest Fog

Developing countries like Sri Lanka exploit natural resources to grow exports that help pay off foreign debt.Encroachment of forests like Sinharaja by tea …

Watch Out

The Central Bank came out strongly against pyramid style investments, warning public not to park their savings in quick money making schemes.rnrnrnThe banks …

Under the Wing

Eagle Insurance paid some Rs. 145 mn for International Finance Corporations (IFC) 15 per cent stake in Union Assurance, in a deal that went through the Colombo …

Community Support

ADB will help restore basic social infrastructure and community services in conflict-affected northern and eastern regions of Sri Lanka, through a US$10 …