Corporate bond market needs punch
Lanka Ratings re-branded as RAM Ratings:
The Government bond market is active than the
corporate bond market in Sri Lanka and the local corporate bond
market needs to develop more. Executive Director of RAM Holdings
Berhad, Suresh Menon said only Rs. 2 billion was raised by corporate
bonds as against Rs. 886 billion government bonds in Sri Lanka.
"There is a huge potential for the corporate bond market to grow.
However the local corporate bond market is undeveloped," Menon said.
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Ceylinco Insurance profits top Rs. 1 billion in 2007
Ceylinco Insurance has created history once
again, becoming the first listed insurance company in Sri Lanka to
record an after tax profit of over Rs. 1 billion, a feat it achieved
in the year ending December 31, 2007.
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SLT posts Rs 5.6 b profits for 2007
Sri Lanka Telecom PLC reported an after tax
group net profit of Rs. 5.6 billion during the year 2007 compared to
Rs. 5.4 billion of the previous year. The group has achieved a 3.7%
growth despite the reduction of call and rental chargers of fixed
lines and reduction of CDMA connection charges during the year, SLT
said yesterday.
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