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Financial Times |
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New savings bank from March
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| Sri Lanka Savings Bank (SLSB), set up last year to absorb the now defunct Pramuka Bank depositors’ assets and liabilities, will be ready to run by next month, according to Central Bank and Finance Ministry sources. |
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| Vittachi: In or out by Feb 21 |
| Dr. V.P. Vittachi, who is embroiled in a dispute with his hostile partner Harry Jayawardene as to the Chairmanship of Stassen Exports, will have to wait until February 21, 2007 to find out whether he can resume his position at the helm of the company, in one of the most widely-followed corporate cases. |
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| Ranil on peace and the economy at FCCISL forum |
| Opposition leader Ranil Wickremesinghe is addressing the business community next week on peace and the economy. He will speak on “Maintaining the balance of peace building and economic development: the way forward” at the monthly meeting of the Business for Peace (BPA) organized under the aegis of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL). The meeting is on February 20 at the JAIC Hilton, Colombo. |
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| Standard Chartered Bank clinches CPC oil hedging deal |
| The Ceylon Petroleum Corporation (CPC) together with the Central Bank has selected Standard Chartered Bank for oil hedging to counter swelling oil prices in the world market. |
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