Business
Commercial Bank's pre-tax profits clear billion-rupee barrier Commercial Bank and DFCC look at holding company controlling both banks Overseas penetration in Nepal and Bangladesh Ceylinco profits up, leads general & life markets among private insurers ATMs in business places No word on how company will raise $ 18 mn. to revive balance sheet Taj Lanka seeking approvals for one-off payment to long term lenders Nestle profit down last year, but good enough for fat dividend Commercial Bank goes slow on parate executions Free Float of the rupee - II Free or managed float? - a stable rupee needs macro-economic balance Bank of Ceylon’s restructuring efforts getting on stream Building earns modest profit for CFT	Provision for Dutch debt eats into Richard Pieris 9-month result Haycarb doubles 9-month profit, now ahead of previous full year Go-slow at Nuwara Eliya countered by production shift to Biyagama Ceylon Brewery alleges rapid increase of illicit booze Seeks material assistance from State Pelwatte Sugar withdraws fundamental rights action against government Go-slow affecting high & mid-grown tea supplies NDB & PERC showcases India’s telecom sector Sri Lankans are at the top of the world in their respective spheres — Deshamanya Lalith Kotelawala DFCC Stock Brokers (Pvt) Ltd. Market & business highlights Nine-month profit down but Tea Services comfortable Delmege Electronics installs cutting-edge editing system at ITN
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