Amortization saving to top Rs 100 b this year
central Bank of Sri Lanka said that depreciation is expected to save 100 billion rupees in 2014.
In addition, current efforts of depreciation costs to move on. In the medium term, continue to provide a space in the ATM borrowing long and reduced interest costs as a reduction.
At the same time, a deeper secondary market for government securities is extended and deepened, while improving transparency.
Sri Lanka bank, non-bank lender merger path outlined
Plan published by the banking supervisory authority said that banks Sri Lanka and thus incurring the largest non-bank lenders will be asked to consume up to three second-stage companies with tax breaks and better funding.
At a presentation of central bank governor Nivard Cabraal Sri Lanka for the financial sector, identified 19 non-bank lender called financial corporations in the "Grade A" compatible demand for regulation and has a capital of more than one billion rupees and assets of over $ 8 billion rupees.
But 38 others identified in the category "B" below requirements.
Intel expects no revenue growth in 2014
The largest manufacturer of computer chips in the world, Intel, said he did not expect a growth in turnover in 2014, in after-hours trading sends its share of 5%.
The low is forecast to continue to be hurt by lower sales of personal as chipmakers computers.
The turnover of the division of Intel, the chips for desktops represents 4% in 2013, a year ago.
However, the company said it had signs in recent months that the PC sector was "stabilization".
