Author: lbostgadmin
Study Link
rnThe most recent to join the fray are local giants Ceylinco Consolidated in a tie up with US based lquote President quote s Network quote endash a network of over 90 colleges and universities in America. rn rnTogether the two organisations will offer US/Sri Lanka sponsored university education in Colombo this April at the lquote […]
Early Bird
In its second year as a stand-alone publication and the first since distribution was made independent of the White Pages, the 2002 edition is expected to reach a much wider target group this year, the company said. rnrnThe directory is delivered free to all telephone subscribers. rnrnThe company has tied up with the Sri Lanka […]
Slippery Situation
The Rs20, 000 per MT surcharge was imposed in February last year to arrest a downward pressure on nut prices, boosting farm gate prices for nuts. While providing much needed relief for growers, the latter half of last year saw a sharp drop in export volumes of desiccated coconut(DC), a 40 percent decline over 2000 quote […]
Raising Capital
The issue due to open on Jan. 21 also carries the option of raising a further Rs. 30 mn in the event of an oversubscription, the bank said. rnrnWith a minimum Rs. 1,000 subscription, the issue quote s interest rates vary from 13 percent to 14.5 percent depending on each individual type of investments. rnrnThe […]
Paski Returns
ldblquote Mr. Paskerlingum and current advisor to Prime Minister, Mr.K Wijedasa are expected to join Policy Ministry as consultants to streamline the reform process dblquote , source said. rnrnldblquote Mr Paskerlingum quote s wide experience in working through the bureaucracy to serve the needs of the investor community, is expected to come handy in the […]
Talking Yens
The trip follows last Friday quote s announcement made by the Japanese government to relax its travel advisory on Sri Lanka. rnrnCabinet spokesman, Prof. G L Peiris told the media today that the Japanese government quote s decision would not only help the tourism industry, but trade relations between the two countries too. rnrnEarlier a […]
Changing The Rules
While front running was included as a new offence, the new rules broadly look at facilitating deregulation process of the industry, SEC quote s Director Legal, Kithsiri Gunawardene told Lanka Business Online. rnThe Securities and Exchange Commission quote s rules lay down the procedures to grant licences to the stock exchange, stockbrokers and stock dealers. […]
Standing Out
Ratwatte condemned the Ceylon Bank Employees Union (CBEU) protests against the restructuring management team, calling it an ldblquote uncivilised act not suited for professional bankers.“ rnrnHe further said reforms at People quote s Bank would continue regardless of party politics since the financial viability of the bank depends on them. rnrnldblquote This protest is totally […]
Monthly Special
ldblquote Improving our interest cost structure by encouraging more current account deposits, is not the main objective of the promotion. Through the years the use of cheques by retail and business customers have become stagnant, due to lack of promotions, HNB Deputy General Manager, Dulip Daluwatte told Lanka Business Online. rnrnHNB being the largest private […]
Another Drop
The bank said the auction was oversubscribed with bids for Rs.4.850 bn, but the bank offered and accepted bids for only Rs.1.000 bn. rnrnThe weighted average yield dropped 13 basis points to 14.33 percent from yesterday quote s auction of 14.46 percent. rnrnThe issue carrying a 12.25 percent coupon, is part of the bonds scheduled […]
Vote For Funds
The move comes after the government quote s maiden budget presentation was pushed back to late March, to accommodate the local government elections, Cabinet spokesman Prof. G L Peiris said today. rnrnLast October, President Chandrika Kumaratunga used her constitutional powers to approve state funds for a three-month period up to March 31, 2002. rnrnldblquote There […]
Make My Day
As expected by political analysts, Weerawansa confirmed his party would take a hardline stand against the privatisation programme. rnrnldblquote It quote s going to be a horror budget. That quote s why government is trying to postpone the budget till local government elections are over dblquote , he told Lanka Business Online in an interview. […]