“If the authorities had included a competitive bidding, the government could have gained hugely, given the interest of the parties who want to get into stockbrokering business”

Nod for additional trading members

In addition to the five short listed Trading members, who have already obtained the nod from the Colombo Stock Exchange (CSE), approval will be granted to a few extra Trading members, following appeals made to the Securities and Exchange Commission (SEC), by those not chosen in the initial selection process, a senior SEC official told The Bottom Line.
“Currently, the SEC is deliberating on the appeals by those who were not selected. Read More

Uproar over cut on Seylan’s terminal benefits

Retired employees of Sri Lanka’s troubled Seylan Bank last week said they have formed an association to take up their concerns over the trimming down of terminal benefits for the newly retired employees stemming from the new management. Read More

Central Bank opens Jaffna office today

The Central Bank of Sri Lanka (CBSL) today opened its fourth Provincial Office in the Northern Province at No. 105, Arsadi Road, Jaffna. At present, CBSL operates Provincial Offices (POs) in the Southern, North-Central and Central Provinces. One of the primary functions of the POs is to implement the development-oriented loan schemes introduced by CBSL in the respective provinces. Read More

  • Golden Key protestors burn coffins

    Several coffins were set ablaze last Friday in a mass-protest staged by the ill-fated Golden Key depositors at Bambalapitiya to demonstrate the economic hardships faced by them following the collapse of the Golden Key Credit Card Company, a subsidiary of Ceylinco Group, nearly one and half years ago
    (Pic by Rukshan Abeywansha)

Plantation

Tea a perennial crop or beverage?
“The proof of the pudding is going to be in the eating,” President Obama said recently commenting on the Chinese currency policy change.   Read More

Budget Proposals - 2010

Budget Focus
The Budget for 2010 is a transitional budget reflecting expenditure under the previously functioning ministries adjusted to the new ministries   Read More

Motorist

AMW launches Zen Estillo in Sri Lanka
Suzuki Maruti, marketed by AMW, one of the country’s pioneer automotive companies, has launched the 2010 Zen Estilo with a vibrant look... Read More

Stories

marketBudget Proposals - 2010money