Author: lbostgadmin
Securities watchdog drafts laws to regulate unquote debt issues
The securities watchdog is drafting new guidelines to regulate unquoted debt paper issued by listed companies, its Director General said Tuesday. The securities watchdog is drafting new guidelines to regulate unquoted debt paper issued by listed companies, its Director General said Tuesday. The move comes after the Securities & Exchange Commission recently mandated quoted companies […]
Hoteliers and inbound tour operators say tourism industry in dire straits
Tourism authorities say tourist numbers to the island are increasing but hoteliers and inbound tour operators say the industry is in dire straits.Tourism authorities say tourist numbers to the island are increasing but hoteliers and inbound tour operators say the industry is in dire straits. According to Tourist Board statistics tourist arrivals increased 35 percent […]
Bengali Capital
London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market.London based private equity firm Aureos Capital has partnered Sri Lanka’s Commercial Bank push private equity in the Bangladeshi market. A statement on Monday said Aureos Capital, through its wholly owned subsidiary – Aureos South Asia […]
Semi-Detached
Newly merged NDB Bank Ltd may look at buying out its partners in its housing bank, with an eye to consolidate operations, officials said Monday. Newly merged NDB Bank Ltd may look at buying out its partners in its housing bank, with an eye to consolidate operations, officials said Monday. NDB Bank – formerly known […]
Flight Options
Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries.Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries. An open skies agreement removes all […]
Sri Lanka picks Citigroup as sovereign rating advisors
Sri Lanka has picked Citigroup N. A. as an advisor for its upcoming sovereign rating, the Central Bank said Monday. Sri Lanka has picked Citigroup N. A. as an advisor for its upcoming sovereign rating, the Central Bank said Monday. The country rating is being carried out on the recommendation by the Sovereign Rating Steering […]
Donor Cartel
The Treasury Secretary, Dr. P B Jayasundera last week criticised what he called a ‘donor cartel’, whose recommended policies have not been able to lift people out of poverty since the economy was liberalised.The Treasury Secretary, Dr. P B Jayasundera last week criticised what he called a ‘donor cartel’, whose recommended policies have not been […]
Back to Basics
Bank of Ceylon said that earnings will grow around 25 percent after group earnings fell 20 percent last year due mainly to higher taxation.Bank of Ceylon said that earnings will grow around 25 percent after group earnings fell 20 percent last year due mainly to higher taxation. The bank also paid higher a higher 1 […]
Soothing Balm
Ceylon Petroleum Corp (CPC) is issuing additional stocks of petrol on Saturday, to prevent motorists from triggering another panic attack on Sri Lankan fuel sheds, its Chairman said.Ceylon Petroleum Corp (CPC) is issuing additional stocks of petrol on Saturday, to prevent motorists from triggering another panic attack on Sri Lankan fuel sheds, its Chairman said. […]
Sri Lanka July annualized inflation 12.7%
Sri Lanka’s consumer price index rose 12.7 percent in the 12 months to the end of July, accelerating from 11.1 percent rise in June, due to a hike in fuel prices, the Census and Statistics Board said Friday.Sri Lanka’s consumer price index rose 12.7 percent in the 12 months to the end of July, accelerating […]
Panic, Panic
Sri Lankan motorists queued up at petrol sheds late Friday in a bout of panic buying on rumours that fuel shipments due early next week were being delayed.Sri Lankan motorists queued up at petrol sheds late Friday in a bout of panic buying on rumours that fuel shipments due early next week were being delayed. […]
Hello Operator
Dialog Telekom, Telekom Malaysia Bhd’s Sri Lankan mobile unit, is expected to come out with a rating in the coming weeks, officials said Thursday.Dialog Telekom, Telekom Malaysia Bhd’s Sri Lankan mobile unit, is expected to come out with a rating in the coming weeks, officials said Thursday. Sri Lanka’s largest mobile operator has already signed […]