Category: Banking and Finance

Sri Lanka Insurance Corp. quote s (SLIC) controlling stake in Commercial Bank may come up for grabs when the insurance giant is sold off this year.rn rnSLIC currently owns 29.91 percent in Commercial Bank, which is worth around Rs. 659 mn as at Dec. 31, 2001. The DFCC Bank is the next highest shareholder of […]

Insurance industry has been lobbying for this facility for many years, due to the dearth of long-term investible products and fluctuating local interest rates. online pharmacy buy diflucan with best prices today in the USA buy metformin online https://yourolddog.com/wp-content/uploads/2020/08/png/metformin.html no prescription pharmacy rnrnldblquote Until the capital account is fully liberalised, we can only help out […]

Sri Lanka Insurance Corp. quote s privatisation kicked off today with the government calling for expressions of interest from local and overseas investors.rn rnPotential investors would get the management control and ownership of a stakes up to 90 percent of SLIC, with a possible option to buy the employees 10 percent shares. rnThe closing date […]

SL AAendash long-term rating denotes a very low expectation of credit risk. buy levaquin online cialisnextdaydeliveryusa.com/dir/levaquin.html no prescription buy furosemide online https://opmt.com/wp-content/logs/wbcr_image_optimizer/log/furosemide.html no prescription The rating indicates a very strong capacity for timely payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events, FRL said in a release on Monday. rn rnBOC […]

Housing Development Finance Corp., the state owned housing giant, is looking to raise Rs. 600 mn through a private placement later this year.rnrnCabinet approval has also come through to give HDFC lquote banking status quote enabling it to mobilise public deposits, CEO C A Sarathchandra told Lanka Business Online.rn rnThe housing giant is banking on […]

The agency is to be given strong debt recovery powers to clean up banks quote balance sheets jointly with the private sector, Prime Minister Ranil Wickremasinghe said. buy antabuse online https://www.dentalcosmetix.com/wp-content/uploads/2022/08/png/antabuse.html no prescription pharmacy buy nolvadex online https://curohealthservices.com/wp-content/uploads/2022/08/png/nolvadex.html no prescription pharmacy rnrnBad debts currently account for 18 percent of the banking sector quote s total […]

The Ceylon Chamber of Commerce has urged the Government to make exits for failed companies easier whilst making useful recommendations on the new Company Law as well stressing the need for proper dealing of bankruptcies.

The Housing Development and Finance Corp (HDFC) today securitised Rs. 260.5 mn of its Rs. 4.0 bn housing loan portfolio.rnrnPeoples Merchant Bank (PMB) who structured the issues says they adopted a typical “Pay Through Securitisation” format in structuring this instrument, where receivables pertaining to HDFC`s zero default mortgage loan portfolio was securatised.rn rnThese securatised notes, […]

Investors can log into www.unittrust.lk for information on the local industry and financial markets, a release states. rnrnThe site provides frequently asked questions on the Unit Trust investments, monthly performance summary of all funds, unit prices and weekly Treasury bill auction results. rnrnThe association has plans to post useful articles and analysis by member companies. […]

Nations Trust Bank confirmed it has bought over Waldock McKenzie quote s fixed income and margin trading portfolio from John Keells Holdings.

Under the proposed laws it would be a serious offence to disclose the VAT component in invoices issued to customers who are not registered for VAT. If a business issues a tax invoice to a customer who is not registered as a VAT payer with Inland Revenue, the firm will be slapped with a minimum […]

Deferring the Value Added Tax for another month will not put a strain on state revenues as the government is reaping an unexpected windfall through the 10 percent Withholding Tax.