HSBC int'l loan of US $ 45 mn for Sampath Bank
The investor confidence for Sri Lanka is growing
and this was the reason for arranging the over subscription of US$45
million three-year syndicated loan facility for Sampath Bank Ltd, by
Hong Kong Bank.
New price index to measure inflation
A new official consumer price index was launched
by the Department of Census and Statistis replacing the Colombo
Consumer Price Index. Director, Price and Wages of the DCS, D.S.
Gunawardana said the new price index, the New Colombo Consumers'
Price Index (CCPI(N)) is more realistic than the CCPI because it is
based on the recent Household Income and Expenditure Survey (2002)
that represents contemporaneous purchasing habits of the consumers.
Capital Reach to provide financial advice to SME sector
Realising the clients' need for proper and
timely financial advice, Capital Reach through their Consulting Arm
commenced an additional service to clients of Capital Reach Leasing
Ltd which is a Central Bank approved Finance Company.