US funds commit Rs. 43 b for 2008
Asia Capital, Central Bank end successful road
United States based Funds have pledged a whopping
US$ 400 million into Sri Lankan Government Securities before end
2008. The assurance has been given to Asia Capital Ltd by its US
partner Auerbach Grayson and Co. LLC of New York which has direct
access to major United States based funds who have pledged the funds
before end 2008, Asia Capital 's Head of Treasury Nandi Anthony told
Daily News Business.
Fuel prices eat into LIOC profits
Lanka IOC Plc will focus on the lubricant
business with the reduction of their diesel and petrol profit
margins, Chairman K. Ramakrishnan said. "Due to the escalation of
international petrol and diesel prices it has become un-economical
for them to be in the diesel and petrol business.
Dialog TV to break-even in four years
Dialog Television is looking at a break-even
point in the next four years. "We need to hit 400,000 subscribers to
break even and a further 100,000 to get our operations off the red.
Subscribers are the key to our success," Chief Executive Officer,
Dialog Television, Nushad Perera said.