Legal Tips
The Employees Trust Fund has sought Auditor Generals advice to dispose part of its loss making equity portfolio.ETF has fully provided for the Rs. buy cenforce …
Banking and Finance
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Band Aid
The Central Bank is expected to meet the consortium of investors keen on reviving Pramuka Bank for another round of talks early next week.With the suspension …
Banks and Robbers
The Rajarata Development Banks (RDB) decision to interdict the entire staff at its Medirigiriya branch after it was robbed at gunpoint recently will be met by …
Be Specific
The consortium of investors keen on reviving Pramuka Bank, were set a Thursday morning deadline to submit a more detailed proposal.Central Bank and its …
Silver Lining
The government plans to take a fresh approach to divest its stake in Shell Gas Lanka Ltd., after its initial attempts fell through.rnrnrnrnrnrnrnNew Page …
Fuzzy Signals
The Central Bank will meet a consortium of investors keen on buying Pramuka Bank on Wednesday evening to shed more light to their complex proposal.Hopes ran …
Lack of Trust
The securities watchdog on Thursday said it was talking to the Unit Trust industry to generate new ideas on how to grow the sector. Initial recommendations …
Easing Leasing
The Treasury has assured the leasing industry to review a proposal in the budget to tax lease assets at market value at the end of the leasing period.Under …
Closing Shop
State lending arm, the Private Sector Infrastructure Development Company (PSIDC), is to be wound up after funding just two projects in its five-year term.PSIDC …
Good Marks
Senkadagala Finance Company Ltd got its long-term unsecured senior debt upgraded to SL BBB+ by Fitch Ratings Lanka Ltd.SL BBB+ rating denotes that there is …
Clean Up
The government will hold off divesture plans for the six regional development banks until 2005, giving time for the banks to clean up their act. rnThe Central …
Pensions Wedding
An international consultant is going to help the government to merge the two State pension funds in a bid to draw on the synergies between the two.UK based …
Will Reveal
Peoples Bank, which has negative net assets, says they will go public once they get their credit rating from Fitch Ratings Lanka.Sampath Bank and Seylan Bank …
Less Is More
A legal expert told members of the Institute of Chartered Accountants (ICASL) that fiscal concessions are important to encourage companies to play a more …
Close Tabs
The insurance watchdog is seeking Finance Ministry approval to start a dedicated insurance supervision division.Presently, the Insurance Board of Sri Lanka …
Brick Hunt
rnrnrnrnrnrnNew Page 1rnrnrnrnrnThernbulk of state housing banks shares are held with the National HousingrnDevelopment Authority.rnldblquote Theyrnown around …
Cherry Picking
Peoples Banks restructuring committee is likely to be choosy in its search for a strategic partner who will inject capital to the bank.ldblquote It wont be an …
Interesting Option
Peoples Bank says it will consider lowering interest rates on some Rs. 12 billion outstanding from the Ceylon Electricity Board, if a proposed …
Spending Spree
Commercial Banks Automated Teller Machine (ATM) network disbursed a record Rs 300 million over the three-day weekend in December, the bank said this week. …
No Problem
The first test run of the Central Banks Scripless Securities Settlement System (SSSS) went thought without a hitch on Tuesday.The first set of firms …