Author: lbostgadmin
Freezing
Parate executions or the foreclosure on default loans by banks, would not cover micro enterprises whose borrowings are less than Rs.1 mn as at March 31. rnrnEntrepreneurs whose borrowing does not exceed Rs. 500,000 as at March 31 are also eligible for the package under the government quote s 100-day programme. rnrnDeputy Finance Minister, Bandula […]
Bond Business
However, the banks said it offered and accepted bids for Rs.1.250 bn.rn rnThe issue carries a coupon rate of 12.2.5 percent. Today quote s auction is part of the bank quote s Rs. 5 bn three-year bond programme scheduled for January and February.rn
Fresh Notes
Though the euro was introduced two years ago, real notes and coins were only issued on January 1, 2002.rn rnThe old national currencies cease to be legal tender from July 1, 2002.
Fat SLIM
The additional awards include 10 marcom award categories such as PR, direct response marketing, corporate promotional material and interactive marketing.rn rnMarcom Awards are given for excellence in high technology and interactive advertising, public relations and marketing communications. rn rnThe move comes as public relations, direct marketing and other below the line tools are taking over […]
Setting Standards
ldblquote Sri Lanka was chosen for the centre since a majority of the bank quote s IT developers/programmers in its Regional Centre in Dubai, are Sri Lankans, and some of these were seconded from the Sri Lankan operations, dblquote the bank said in a statement. Currently employing 18 people, the centre is expected to employ […]
Union Terror
ldblquote We have been out of our offices since December 28.Despite top-level government intervention, the environment is still not conducive for us to return to work dblquote , he said. The agitation was initiated by ruling party UNP trade union endash Jathika Sevaka Sangamaya (JSS), but senior UNP quote s intervened to avoid damage to […]
Extended Banking
Earlier ABN Amro has been able to constantly maintain an impressive ROE of nearly 30 percent on profit after tax around Rs.150 mn. High ROE quote s are a common feature among foreign banks that cater to a niche market in Sri Lanka. Due to high restructuring expenses following the takeover, the figure is expected […]
Talking Back
rnThe surplus staff was offered a Voluntary Retirement Scheme based on employees age, years of service and years up to retirement.rn rnA number of staffers had accepted the offer with the bank referring the matter of about 100 excess staffers to the Labour Commissioner, the bank said in a release today.rn rnThe Ceylon Bank Employes […]
No Extras
Emirates SkyCargo has removed the fuel surcharge with worldwide effect from January 1 2002.
Labour Check Up
The consultancy is expected to submit their proposals by March this year for eventual cabinet approval and islandwide implementation. ldblquote The E&Y consultants will get representations from the unions, private sector and government agencies in their policy development process. We are very keen on learning about future employment requirements of the private sector and develop […]
Time to Heal
Year-end arrivals took a 16 percent plunge to 340,000 from 400,414 in 2000 but Tourist Board Officials are forecasting a turnaround of around 450,000 arrivals this year. November arrivals were down a steep 46.6 percent compared to 2000, with an overall decline of 15 percent for the year. Asia Securities Tourist Sector Analyst Ramzi Rishard […]
Fishing in the Maldives
Janshakthi Insurance Co. kicks off its expansion plans for the New Year with a branch office in the Maldives later this month.rn rnThe company has been dealing with the Maldives for sometime, through a few insurance brokers. rnrnldblquote The branch gives Maldivians a direct contact point to us and we will initially concentrate on general […]