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Daily Archives: January 5, 2018

Court issues open warrant to arrest Jaliya

The Colombo Fort Magistrate’s Court has issued an open warrant for the arrest of former Sri Lankan Ambassador to the United States, Jaliya Wickramasuriya. Magistrate Lanka Jayaratne also issued notice on the defendant’s four bailsmen, including his wife who signed for the bail, to appear before the court on February …

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Banking sector to have a steady phase up to 2020

First Capital Research expects the banking sector to have a steady phase during 2018E-20E with stable credit growth, improving GDP growth supporting lower Non Performing loans and lower interest rate volatility leading to stable net interest margins.   “We expect our banking sector universe to provide 25% average return over …

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New board of directors for Sri Lankan

State Enterprise Development Minister Kabir Hashim says that the government has decided to appoint a new chairman and a board of directors for the SriLankan Airlines with a view to reviving the airline.   The minister has, in a media statement. condemned what he calls attempts by certain parties with …

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Sri Lanka to raise USD 5 billion from bonds in 2018

The Sri Lankan government hopes to raise a record USD 5 billion through bond issues this year as it seeks to repay its substantial debts and finance development projects. The cabinet of ministers has approved a proposal put forward by the Minister of Finance and Mass Media Mangala Samaraweera to …

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