OTHER NEWS Sri Lankans abroad invited to invest in T-Bills, bonds Colombo indices mixed at market close Sri Lankans abroad invited to invest in T-Bills, bonds Seylan Bank to explain ‘operations’ to media    Advertisement Print Version | Email to friend Andaman transhipment centre to compete with Singapore, Colombo 02-12-2008 An international transhipment centre is likely to come up in the Andaman and Nicobar islands, promising to compete with Colombo and Singapore in cargo handling. \'\'There will be a deep draft port with international transhipment facility at Great Nicobar. It will compete with Colombo and Singapore - the busiest transhipment centres in the world,\'\' Andaman and Nicobar Islands Chief Secretary Vivek Rae said. WAPCOS, a public sector consultant, was at present doing feasibility study on the proposed hub that would facilitate ships from different directions to unload cargo to be carried to new destinations, he said. Great Nicobar, with a size of 8,000 square km, is largest of the Andaman and Nicobar islands and twice the size of Bangkok. The Union Territory authorities had also approached Indian Oil Corporation for setting up an oil bunker (storage) terminal at Great Nicobar and the proposal was under consideration. The proposed bunker would facilitate import of crude, particularly from the South-East Asian countries like Singapore and Malaysia. \'\'Bringing oil through this route will be cheaper for the ship liners since there will be no taxes,\'\' Mr Rae said. While the Ministry of Shipping had been requested the declare Port Blair as a major port, a feasibility study was also underway for setting up a number of fish landing centers across the islands, he said. Print Version | Email to friend

Sri Lankans abroad invited to invest in T-Bills, bonds Wed, 07-01-2009 12:00:00 The government on Wednesday invited the Sri Lankans living abroad and migrant workers to invest in Rupee-denominated Treasury bills and Treasury bonds with effect from January 6. The initiative by the Central Bank (CB), announced last Friday in the CB’s 'Road Map: Monetary and Financial Sector Policies for 2009 and beyond', is intended to provide a safe and highly liquid investment opportunity for Sri Lankans abroad, while providing them with an attractive return on their invest... |FULL STORY|

Colombo indices mixed at market close Wed, 07-01-2009 12:00:00 Colombo stocks barely changed from morning at Wednesday’s market close, with both indices marginally up on thin turnover, analysts said. JKH was 25 cents high to Rs 50.25 trading 48,300 shares, with Dialog also seeing a 25 cents increase to Rs 6 as was in the morning. The turnover was at Rs 46 million with the All Share Index at 1,550.07, up by just 0.6 points and Milanka up by 18.59 points to 1,672.94 at stock market close. Ceylinco shares such as Seylan was up by Rs 1... |FULL STORY|

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Sri Lankans abroad invited to invest in T-Bills, bonds Wed, 07-01-2009 12:00:00 The government on Wednesday invited the Sri Lankans living abroad and migrant workers to invest in Rupee-denominated Treasury bills and Treasury bonds with effect from January 6. The initiative by the Central Bank (CB), announced last Friday in the CB’s 'Road Map: Monetary and Financial Sector Policies for 2009 and beyond', is intended to provide a safe and highly liquid investment opportunity for Sri Lankans abroad, while providing them with an attractive return on their invest... |FULL STORY|

Seylan Bank to explain ‘operations’ to media Wed, 07-01-2009 05:00:00 Seylan Bank has called a press conference for tomorrow (Thursday morning) to brief the media on recent developments relating to the management takeover and other issues, a spokesperson for its PR firm said. She said the Bank planned to explain the involvement between Seylan, the Central Bank and the Bank of Ceylon (BoC), the new board of directors and the level of deposits and withdrawals, among other matters. The Central Bank last week handed over management to the BoC which in... |FULL STORY|

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