Business
HSBC groups SL among ‘take-off’ economies where inequality also high
* Petroleum industry could provide infrastructure boost, structural reforms needed
May 21, 2013, 8:02 pmA new HSBC report groups Sri Lanka with China and Malaysia as ‘take-off’ economies where inequality also is the highest in the Asia.Despite being one of the smaller economies in emerging Asia at USD60bn in 2012, Sri Lanka’s infrastructure development is greater than many of its neighbours with a notable policy shift towards China and the petroleum industry may provide an extra boost, the report said.
Read More...NDB Capital Holdings profits up 572%
May 21, 2013, 8:03 pm
The first quarter of 2013 was a highly successful period for NDB Capital Holdings PLC (NCAP) with the company recording Rs. 320 million in revenue compared to Rs. 64 million during the first quarter of 2012, a 5 fold growth. This increased revenue tran...
Banks can now list investments in gilt unit trusts as liquid assets
May 21, 2013, 8:06 pm
The Central Bank will allow banks to include their investments in Gilt Unit Trusts in their balance sheets as liquid assets, the Securities and Exchange Commission (SEC) said.As an initiative to develop the Unit Trust industry, the SEC made represen...
Bourse closes in the red, T-bill yields flat, bond yields up
May 21, 2013, 8:07 pm
The Colombo bourse reversed a four day uptrend to close in the red on Tuesday with turnover reaching Rs. 2.2 billion driven by trades in JKH, Com Bank and Distilleries.The All Share Price Index fell 0.39 percent to close 25.03 points lower at 6,441....
Singer Finance Chairman Hemaka steps down, top economist Dr. Kelegama takes over
May 21, 2013, 8:08 pm
Hemaka D.S. Amarasuriya, whose successful chairmanship spanned Singer Finance’s formative years, and who served on the Board of Singer Finance for nine consecutive years since its incorporation, will be stepping down from the Board of Singer Fina...
HNB holds on to ‘AA-’ rating
May 21, 2013, 6:18 pmFitch Ratings has affirmed Hatton National Bank PLC’s (HNB) National Long-term rating at ‘AA-(lka)’. The Outlook is Stable. The agency also affirmed HNB’s outstanding subordinated redeemable debentures of LKR6bn at ‘A+(lka)...
Singer Sri Lanka successfully raises Rs. 1.5bn
May 21, 2013, 8:04 pmSinger (Sri Lanka) PLC’s three-year listed unsecured redeemable debenture issue was oversubscribed almost immediately after opening yesterday (21) and was subsequently closed in the early hours of the opening day itself.
Harsha hounds EPF
May 21, 2013, 8:07 pmOpposition lawmaker Dr. Harsha De Silva yesterday requested the Parliamentary Committee on Public Accounts (COPA) to summon top EPF officials to resume its audit queries.
14th Sri Lanka Economic Summit to be held from 9th – 11th July 2013
May 21, 2013, 8:08 pmThe Sri Lanka Economic Summit 2013, the flagship event of the Ceylon Chamber of Commerce will be held on the 9th, 10th and 11th July, 2013 at the Cinnamon Grand, Colombo under the theme "Re- Balancing the Economy". The Sri Lanka Economic Summ...
Ceylon Gilt-Edged Fund gets triple-A rating
May 21, 2013, 8:09 pm
Fitch Ratings has assigned the Ceylon Gilt-Edged Fund a ‘AAA(lka)’ National Fund Credit Rating and ‘V1(lka)’ National Fund Volatility Rating. The fund is managed by Ceylon Asset Management (CAM)."The ‘AAA(lka)&rsquo...
Seminar on ‘Exchange Control Regulations & New Policy Measures’
May 21, 2013, 6:19 pmA Seminar on "Exchange Control Regulations" has been organized by the National Chamber of Commerce of Sri Lanka to explain the new policy measures and practical aspects of Exchange Control Regulations currently in force. The seminar/ workshop...
- SriLankan Airlines renews commitment to IATA safety audits
- ‘Dolos Mahe’ shopping a success at Arpico Supercentre
- Com Bank felicitated as an exemplary corporate citizen by Colombo Municipal Council
- Prima Kottumee Cup Noodles for those on the go
- People’s Bank initiates govt.-World Bank matching grant scheme for tourism SMEs
- Little Lion bags award for hygiene
- Biodiversity as a Cornerstone of Sustainable Development: A Sri Lankan Perspective
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