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Wednesday, 19 August, 2009
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Down but not enough
Interest rates, a major throttle to companies and key to spur a quicker recovery in the economy, are declining but not fast enough.
Perhaps taking a softer view Central Bank yesterday remained passive by not revising downwards its policy rates, a move which surprised financial and business circles.
Full story...>>
Credit going
cheap?
Is credit going cheap? Most corporates who borrow would say not quite with even the Central Bank admitting interest rates haven’t come down as fast it should but for cash-strapped consumers there is zero credit now extended for 2 years.
Standard Chartered Bank last week unveiled a unique scheme where its Credit Cardholders can purchase goods at Abans Elite, Damro, Modern Homes, Singer Mega, Softlogic Max and Softlogic Lifestyle Electronics at 0% interest and repay in 18 or 24 months.
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Entrepreneurialism with beauty: High flying AirAsia Group CEO Tony Fernandes (left) with his flashy flight attendants and Malaysian High Commissioner Rosli Ismail, Sri Lanka Tourism Promotion Bureau Chairman Bernard Goonetilleke and local agents Setmil Aviation Chairman Arjuna Hettiaratchchi at yesterday’s media launch of Asia’s first budget carrier’s maiden daily flights to Colombo from Malaysia.
Pic by Rukshan Abeywansa |
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Revolutionary AirAsia chief asks SL to open up to opportunity
By Nizla Naizer
The man who revolutionized the budget airline industry in Asia, AirAsia Group CEO Tony Fernandes has emphasised that Sri Lanka must open up to change and new opportunity in order to reap the benefits of development.
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| THE
FRONT PAGE |
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“Stock market surge is quite significant,” says Ray
“It was speculated that a decisive end to the war would bring about a surge in the stock market. Whilst most markets throughout the world were taking a beating due to the global economic crisis, our exchange had hopes of there being a resurgence – and this is exactly how it turned out!
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Eternal German Charm
By Nizla Naizer
For quarter of a century, in a column filled corner of the Galle Face Court, an unobtrusive restaurant has been capturing the loyalty of customers with cuisine that comes straight from the heart of Deutschland. Founded by a German, it was known to generations as the German Restaurant.
Full Story...>>
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