Business Today

business-today-logo
SUBSCRIPTION
ADVERTISE
Menu
  • Home
  • Issues
    • 1996 to 1999
      • 1996
        • May 1996
        • June 1996
        • July 1996
        • August 1996
        • September 1996
        • October 1996
        • November 1996
        • December 1996
      • 1997
        • January 1997
        • FEBRUARY 1997
        • March 1997
        • April 1997
        • May 1997
        • June 1997
        • July 1997
        • August 1997
        • September 1997
        • October 1997
        • November 1997
        • December 1997
    • 2000 to 2009
      • 2006
        • January 2006
        • February 2006
        • March 2006
        • April 2006
        • May 2006
        • June 2006
        • July 2006
        • August 2006
        • September 2006
        • October 2006
        • November 2006
        • December 2006
      • 2007
        • January 2007
        • February 2007
        • March 2007
        • April 2007
        • May 2007
        • July 2007
        • June 2007
        • August 2007
        • September 2007
        • October 2007
        • November 2007
        • December 2007
      • 2008
        • January 2008
        • February 2008
        • March 2008
        • May 2008
        • April 2008
        • June 2008
        • July 2008
        • August 2008
        • September 2008
        • November 2008
        • October 2008
        • December 2008
      • 2009
        • January 2009
        • February 2009
        • March 2009
        • April 2009
        • May 2009
        • June 2009
        • July 2009
        • August 2009
        • September 2009
        • October 2009
        • November 2009
        • December 2009
    • 2010 to 2019
      • 2010
        • January 2010
        • February 2010
        • March 2010
        • April 2010
        • May 2010
        • June 2010
        • July 2010
        • August 2010
        • September 2010
        • October 2010
        • November 2010
        • December 2010
      • 2011
        • January 2011
        • February 2011
        • March 2011
        • April 2011
        • May 2011
        • June 2011
        • July 2011
        • August 2011
        • September 2011
        • October 2011
        • November 2011
        • December 2011
      • 2012
        • January 2012
        • February 2012
        • March 2012
        • April 2012
        • May 2012
        • June 2012
        • July 2012
        • August 2012
        • September 2012
        • October 2012
        • November 2012
        • December 2012
      • 2013
        • January 2013
        • February 2013
        • March 2013
        • April 2013
        • May 2013
        • June 2013
        • July 2013
        • August 2013
        • September 2013
        • October 2013
        • November 2013
        • December 2013
      • 2014
        • January 2014
        • February 2014
        • March 2014
        • April 2014
        • May 2014
        • June 2014
        • July 2014
        • August 2014
        • September 2014
        • October 2014
        • November 2014
        • December 2014
      • 2015
        • January 2015
        • February 2015
        • March 2015
        • April 2015
        • May 2015
        • June 2015
        • July 2015
        • August 2015
        • September 2015
        • October 2015
        • November 2015
        • December 2015
      • 2016
        • January 2016
        • February 2016
        • March 2016
        • April 2016
        • May 2016
        • June 2016
        • July 2016
        • August 2016
        • September 2016
        • October 2016
        • November 2016
        • December 2016
      • 2017
        • January 2017
        • February 2017
        • March 2017
        • April 2017
        • May 2017
        • June 2017
        • July 2017
        • August 2017
        • September 2017
        • October 2017
        • November 2017
        • December 2017
      • 2018
        • January 2018
        • February 2018
        • March 2018
        • April 2018
        • May 2018
        • August 2018
        • June 2018
        • July 2018
        • September 2018
        • October 2018
        • November 2018
        • December 2018
      • 2019
        • January 2019
        • February 2019
        • March 2019
        • April 2019
        • May 2019
        • June 2019
        • July 2019
        • August 2019
        • September 2019
        • October 2019
        • November 2019
        • December 2019
    • 2020 to 2025
      • 2020
        • January 2020
        • February 2020
        • March 2020
        • April 2020
        • May 2020
        • June 2020
        • July 2020
        • August 2020
        • September 2020
        • October 2020
        • November 2020
        • December 2020
      • 2021
        • September 2021
        • October 2021
      • 2022
        • January 2022
        • February 2022
        • March 2022
        • April 2022
        • May 2022
        • June 2022
        • July 2022
        • August 2022
        • September 2022
        • October 2022
        • December 2022
      • 2023
        • January 2023
        • February 2023
        • March 2023
        • April 2023
        • May 2023
        • June 2023
        • July 2023
        • August 2023
        • September 2023
        • October 2023
        • November 2023
        • December 2023
      • 2024
        • January 2024
        • February 2024
        • March 2024
        • April 2024
        • May 2024
        • June 2024
        • July 2024
        • August 2024
        • September 2024
        • October 2024
        • November 2024
        • December 2024
      • 2025
        • January 2025
        • February 2025
        • March 2025
        • April 2025
        • May 2025
        • June 2025
  • About Us
  • BT Awards
    • BT Top 40
      • Business Today Top 40 2021 – 2022
    • BT Top 30
      • Business Today Top 30 2015 – 2016
      • Business Today Top 30 2016 – 2017
      • Business Today Top 30 2017 – 2018
      • Business Today Top 30 2018 – 2019
    • BT Top 25
      • Business Today Top 25 2011 – 2012
      • Business Today Top 25 2012 – 2013
      • Business Today Top 25 2013 – 2014
      • Business Today Top 25 2014 – 2015
    • BT Top 20
      • Business Today Top 20 2009 – 2010
      • Business Today Top 20 2010 – 2011
    • BT Top 10
      • Business Today Top 10 2008 – 2009
      • Business Today Top 10 2007 – 2008
      • Business Today Top 10 2006 – 2007
      • Business Today Top 10 2005 – 2006
      • Business Today Top 10 2003 – 2004
      • Business Today Top 10 2000 – 2001
      • Business Today Top 10 1999 – 2000
      • Business Today Top 10 1997 – 1998
      • Business Today Top 10 1996 – 1997
      • Business Today Top 10 1995 – 1996
  • For Digital Subscription
Facebook Instagram
business-today-logo
Menu
  • Home
  • Issues
    • 1996 to 1999
      • 1996
        • May 1996
        • June 1996
        • July 1996
        • August 1996
        • September 1996
        • October 1996
        • November 1996
        • December 1996
      • 1997
        • January 1997
        • FEBRUARY 1997
        • March 1997
        • April 1997
        • May 1997
        • June 1997
        • July 1997
        • August 1997
        • September 1997
        • October 1997
        • November 1997
        • December 1997
    • 2000 to 2009
      • 2006
        • January 2006
        • February 2006
        • March 2006
        • April 2006
        • May 2006
        • June 2006
        • July 2006
        • August 2006
        • September 2006
        • October 2006
        • November 2006
        • December 2006
      • 2007
        • January 2007
        • February 2007
        • March 2007
        • April 2007
        • May 2007
        • July 2007
        • June 2007
        • August 2007
        • September 2007
        • October 2007
        • November 2007
        • December 2007
      • 2008
        • January 2008
        • February 2008
        • March 2008
        • May 2008
        • April 2008
        • June 2008
        • July 2008
        • August 2008
        • September 2008
        • November 2008
        • October 2008
        • December 2008
      • 2009
        • January 2009
        • February 2009
        • March 2009
        • April 2009
        • May 2009
        • June 2009
        • July 2009
        • August 2009
        • September 2009
        • October 2009
        • November 2009
        • December 2009
    • 2010 to 2019
      • 2010
        • January 2010
        • February 2010
        • March 2010
        • April 2010
        • May 2010
        • June 2010
        • July 2010
        • August 2010
        • September 2010
        • October 2010
        • November 2010
        • December 2010
      • 2011
        • January 2011
        • February 2011
        • March 2011
        • April 2011
        • May 2011
        • June 2011
        • July 2011
        • August 2011
        • September 2011
        • October 2011
        • November 2011
        • December 2011
      • 2012
        • January 2012
        • February 2012
        • March 2012
        • April 2012
        • May 2012
        • June 2012
        • July 2012
        • August 2012
        • September 2012
        • October 2012
        • November 2012
        • December 2012
      • 2013
        • January 2013
        • February 2013
        • March 2013
        • April 2013
        • May 2013
        • June 2013
        • July 2013
        • August 2013
        • September 2013
        • October 2013
        • November 2013
        • December 2013
      • 2014
        • January 2014
        • February 2014
        • March 2014
        • April 2014
        • May 2014
        • June 2014
        • July 2014
        • August 2014
        • September 2014
        • October 2014
        • November 2014
        • December 2014
      • 2015
        • January 2015
        • February 2015
        • March 2015
        • April 2015
        • May 2015
        • June 2015
        • July 2015
        • August 2015
        • September 2015
        • October 2015
        • November 2015
        • December 2015
      • 2016
        • January 2016
        • February 2016
        • March 2016
        • April 2016
        • May 2016
        • June 2016
        • July 2016
        • August 2016
        • September 2016
        • October 2016
        • November 2016
        • December 2016
      • 2017
        • January 2017
        • February 2017
        • March 2017
        • April 2017
        • May 2017
        • June 2017
        • July 2017
        • August 2017
        • September 2017
        • October 2017
        • November 2017
        • December 2017
      • 2018
        • January 2018
        • February 2018
        • March 2018
        • April 2018
        • May 2018
        • August 2018
        • June 2018
        • July 2018
        • September 2018
        • October 2018
        • November 2018
        • December 2018
      • 2019
        • January 2019
        • February 2019
        • March 2019
        • April 2019
        • May 2019
        • June 2019
        • July 2019
        • August 2019
        • September 2019
        • October 2019
        • November 2019
        • December 2019
    • 2020 to 2025
      • 2020
        • January 2020
        • February 2020
        • March 2020
        • April 2020
        • May 2020
        • June 2020
        • July 2020
        • August 2020
        • September 2020
        • October 2020
        • November 2020
        • December 2020
      • 2021
        • September 2021
        • October 2021
      • 2022
        • January 2022
        • February 2022
        • March 2022
        • April 2022
        • May 2022
        • June 2022
        • July 2022
        • August 2022
        • September 2022
        • October 2022
        • December 2022
      • 2023
        • January 2023
        • February 2023
        • March 2023
        • April 2023
        • May 2023
        • June 2023
        • July 2023
        • August 2023
        • September 2023
        • October 2023
        • November 2023
        • December 2023
      • 2024
        • January 2024
        • February 2024
        • March 2024
        • April 2024
        • May 2024
        • June 2024
        • July 2024
        • August 2024
        • September 2024
        • October 2024
        • November 2024
        • December 2024
      • 2025
        • January 2025
        • February 2025
        • March 2025
        • April 2025
        • May 2025
        • June 2025
  • About Us
  • BT Awards
    • BT Top 40
      • Business Today Top 40 2021 – 2022
    • BT Top 30
      • Business Today Top 30 2015 – 2016
      • Business Today Top 30 2016 – 2017
      • Business Today Top 30 2017 – 2018
      • Business Today Top 30 2018 – 2019
    • BT Top 25
      • Business Today Top 25 2011 – 2012
      • Business Today Top 25 2012 – 2013
      • Business Today Top 25 2013 – 2014
      • Business Today Top 25 2014 – 2015
    • BT Top 20
      • Business Today Top 20 2009 – 2010
      • Business Today Top 20 2010 – 2011
    • BT Top 10
      • Business Today Top 10 2008 – 2009
      • Business Today Top 10 2007 – 2008
      • Business Today Top 10 2006 – 2007
      • Business Today Top 10 2005 – 2006
      • Business Today Top 10 2003 – 2004
      • Business Today Top 10 2000 – 2001
      • Business Today Top 10 1999 – 2000
      • Business Today Top 10 1997 – 1998
      • Business Today Top 10 1996 – 1997
      • Business Today Top 10 1995 – 1996
  • For Digital Subscription
business-today-logo
Menu
  • Home
  • Issues
    • 1996 to 1999
      • 1996
        • May 1996
        • June 1996
        • July 1996
        • August 1996
        • September 1996
        • October 1996
        • November 1996
        • December 1996
      • 1997
        • January 1997
        • FEBRUARY 1997
        • March 1997
        • April 1997
        • May 1997
        • June 1997
        • July 1997
        • August 1997
        • September 1997
        • October 1997
        • November 1997
        • December 1997
    • 2000 to 2009
      • 2006
        • January 2006
        • February 2006
        • March 2006
        • April 2006
        • May 2006
        • June 2006
        • July 2006
        • August 2006
        • September 2006
        • October 2006
        • November 2006
        • December 2006
      • 2007
        • January 2007
        • February 2007
        • March 2007
        • April 2007
        • May 2007
        • July 2007
        • June 2007
        • August 2007
        • September 2007
        • October 2007
        • November 2007
        • December 2007
      • 2008
        • January 2008
        • February 2008
        • March 2008
        • May 2008
        • April 2008
        • June 2008
        • July 2008
        • August 2008
        • September 2008
        • November 2008
        • October 2008
        • December 2008
      • 2009
        • January 2009
        • February 2009
        • March 2009
        • April 2009
        • May 2009
        • June 2009
        • July 2009
        • August 2009
        • September 2009
        • October 2009
        • November 2009
        • December 2009
    • 2010 to 2019
      • 2010
        • January 2010
        • February 2010
        • March 2010
        • April 2010
        • May 2010
        • June 2010
        • July 2010
        • August 2010
        • September 2010
        • October 2010
        • November 2010
        • December 2010
      • 2011
        • January 2011
        • February 2011
        • March 2011
        • April 2011
        • May 2011
        • June 2011
        • July 2011
        • August 2011
        • September 2011
        • October 2011
        • November 2011
        • December 2011
      • 2012
        • January 2012
        • February 2012
        • March 2012
        • April 2012
        • May 2012
        • June 2012
        • July 2012
        • August 2012
        • September 2012
        • October 2012
        • November 2012
        • December 2012
      • 2013
        • January 2013
        • February 2013
        • March 2013
        • April 2013
        • May 2013
        • June 2013
        • July 2013
        • August 2013
        • September 2013
        • October 2013
        • November 2013
        • December 2013
      • 2014
        • January 2014
        • February 2014
        • March 2014
        • April 2014
        • May 2014
        • June 2014
        • July 2014
        • August 2014
        • September 2014
        • October 2014
        • November 2014
        • December 2014
      • 2015
        • January 2015
        • February 2015
        • March 2015
        • April 2015
        • May 2015
        • June 2015
        • July 2015
        • August 2015
        • September 2015
        • October 2015
        • November 2015
        • December 2015
      • 2016
        • January 2016
        • February 2016
        • March 2016
        • April 2016
        • May 2016
        • June 2016
        • July 2016
        • August 2016
        • September 2016
        • October 2016
        • November 2016
        • December 2016
      • 2017
        • January 2017
        • February 2017
        • March 2017
        • April 2017
        • May 2017
        • June 2017
        • July 2017
        • August 2017
        • September 2017
        • October 2017
        • November 2017
        • December 2017
      • 2018
        • January 2018
        • February 2018
        • March 2018
        • April 2018
        • May 2018
        • August 2018
        • June 2018
        • July 2018
        • September 2018
        • October 2018
        • November 2018
        • December 2018
      • 2019
        • January 2019
        • February 2019
        • March 2019
        • April 2019
        • May 2019
        • June 2019
        • July 2019
        • August 2019
        • September 2019
        • October 2019
        • November 2019
        • December 2019
    • 2020 to 2025
      • 2020
        • January 2020
        • February 2020
        • March 2020
        • April 2020
        • May 2020
        • June 2020
        • July 2020
        • August 2020
        • September 2020
        • October 2020
        • November 2020
        • December 2020
      • 2021
        • September 2021
        • October 2021
      • 2022
        • January 2022
        • February 2022
        • March 2022
        • April 2022
        • May 2022
        • June 2022
        • July 2022
        • August 2022
        • September 2022
        • October 2022
        • December 2022
      • 2023
        • January 2023
        • February 2023
        • March 2023
        • April 2023
        • May 2023
        • June 2023
        • July 2023
        • August 2023
        • September 2023
        • October 2023
        • November 2023
        • December 2023
      • 2024
        • January 2024
        • February 2024
        • March 2024
        • April 2024
        • May 2024
        • June 2024
        • July 2024
        • August 2024
        • September 2024
        • October 2024
        • November 2024
        • December 2024
      • 2025
        • January 2025
        • February 2025
        • March 2025
        • April 2025
        • May 2025
        • June 2025
  • About Us
  • BT Awards
    • BT Top 40
      • Business Today Top 40 2021 – 2022
    • BT Top 30
      • Business Today Top 30 2015 – 2016
      • Business Today Top 30 2016 – 2017
      • Business Today Top 30 2017 – 2018
      • Business Today Top 30 2018 – 2019
    • BT Top 25
      • Business Today Top 25 2011 – 2012
      • Business Today Top 25 2012 – 2013
      • Business Today Top 25 2013 – 2014
      • Business Today Top 25 2014 – 2015
    • BT Top 20
      • Business Today Top 20 2009 – 2010
      • Business Today Top 20 2010 – 2011
    • BT Top 10
      • Business Today Top 10 2008 – 2009
      • Business Today Top 10 2007 – 2008
      • Business Today Top 10 2006 – 2007
      • Business Today Top 10 2005 – 2006
      • Business Today Top 10 2003 – 2004
      • Business Today Top 10 2000 – 2001
      • Business Today Top 10 1999 – 2000
      • Business Today Top 10 1997 – 1998
      • Business Today Top 10 1996 – 1997
      • Business Today Top 10 1995 – 1996
  • For Digital Subscription

A new Dimension in Investment Banking

by
Reading Time: 7 mins read
0
Share on Twitter
image_pdfDownload as PDF

There is no reason why Sri Lanka cannot be another Singapore in the next 10 years, with its strategic positioning, financial discipline and aggressive economic policies that economic policies that unleash the talent of its people These were the prophetic words of Usman Hassan, CEO of Citi Na tional Investment Bank the latest investment bank to join the ranks of investment banking in Sri Lanka from January 15. Citi National, is a 50-50 joint venture between the National Development Bank (NDB) one of the local banking giants in Sri Lanka with the largest profits among listed companies, and Citibank,the largest US bank with a presence in 99 countries.

NDB with its client base of over 800 and long term funds at its disposal, and Citibank with its global network specialising in corporate finance activities, have observed that with privatisation and infrastructure development taking top billing in the government’s foreseeable future, the time has now come to decrease the wide gap between investments and savings by making international markets more accessible to the local investor. Therefore, Citi National will draw from NDB’s strong local presence and Citibank’s global network to provide innovative financial solutions to Sri Lanka’s business community and potential foreign investors.

According to Hassan, Citi National aspires to be a major player in providing financial services to its customers who place value on its in-house and global expertise. The principal activities of Citi National will include advisory services in the areas of privatisation, infrastructure, corporate restructuring and mergers and acquisitions. Citi National will also focus on the development of short and long term debt markets.

Speaking on the reasons for setting up Citi National in Sri Lanka, Hassan says, “some people might say this is not the right time, the market is not picking up, there are political problems here, so why do it? The problems are more like a regional phenomena. Look at our neighbouring countries. The Financial Markets are all following the same pattern.”

“You may have heard comments made by the IMF and World Bank. They say that this is a very opportune moment. The market is just about to take off”. Adds Hassan emphatically, “I support that view. I also feel that we are very close to a political settlement and if that problem is taken care of, this market will take off with a bang. All the ingredients are there for it the policies are very con ducive for such a take off. We can’t miss out. We have to be there at the right time to capture all these opportunities.”

When comparing Sri Lanka to Bangladesh or India, Sri Lanka’s net reserves of over USS 2.5 billion, and the highest per capita income among SARC countries with excellent socio-economic indicators, puts her in a very enviable position with that of her neighbouring countries. The opportunities that exist in the emerging markets is phenomenal due to the fact that emerging markets. have a GDP in excess of US$ 5 trillion compared to the US having a GDP of about US$ 6.5 trillion and Japan over US$ 3.5 trillion.

With the growth rate at over 6%, coupled with rapid growth in an aspiring middle class, the emerging markets are likely to have a greater incline compared to the more established markets. It is important that we have a presence in this segment”, says Hassan.

“Everyone wants to be hero. and client needs are going to change. They are going to become global. When this happens, no local bank can satisfy those needs”, explains Hassan who has been with Citibank for 9 years. There is also not much competition in the developing markets and therefore margins are wider. We are a very unique investment bank in that we are going to look at every available opportunity.”

Usman Hassan, CEO of Citi National Investment Bank

The Government’s policies on private sector investment and the privatisation programme encourages the development of a vibrant private sector. However, in view of the apparent gap between savings and investments and large government borrowings from private savings and with the government debt being over 100% of the GDP, steps. should be taken to facilitate access to global markets for local corporate investors. If this does not happen, the private sector will be further ‘crowded out’, says Hassan.

There is a need to engineer and introduce new concepts and instruments in the capital markets, especially the shortage of Rupee Fencing where the foreign banks have played a limited role so far,” explains Hassan. “This shortage is further exacerbated by the fact. that there is neither a corporate bond market nor an organised secondary debt market.

“In Sri Lanka everything is short term even the yield curve is short term anything over a year is a totally different ball game. This thinking must change”. According to Hassan, there are investors who may abuse incentives given but this can be managed if regulated carefully, so people don’t take advantage of it. But it must be done. If you know it’s being used for a particular purpose like capital expenditure etc., checks must be done and the investor must be allowed to take the risk.”

“Why is there such an emphasis on bank guarantees?”, asks Hassan. “Everything has to be backed by a bank guarantee and there’s no risk element at all. Therefore, naturally the return is lower. If a reputed multinational issues a commercial paper, why do you need a bank guarantee? An investor should be able to take the risk on that Multinational. It may probably be a better risk than even the bank that guarantees it. Everyone forgets that the higher the risk, the higher is the return.”

The absence of a corporate bond market in Sri Lanka does not suggest that the investor community is unable to absorb corporate bond issues. On the contrary, it is non-existent because the policies and instruments that would foster its development are non-existent. The Government could start the process by introducing their 3, 5 and 10 year bonds with tax concessions, reduce stamp duties, eliminate tax anomalies and also encourage insurance companies, EPF, and ETF, to diversify their portfolios for the development of a long-term market”, continues Hassan.

To firmly place Sri Lanka on the map of global financial markets, a top priority would be to establish a rating for the country as this is the yardstick in all international markets. “The government should obtain a sovereign country rating from a reputed agency to be a benchmark for the country’s corporate debt issues or for an automatic rating the Government could float their bond or note of USS 100 million in the European Market”, says Hassan.

Hassan sees vast opportunities in Sri Lanka and emphasises that with the Citibank network in the Middle East, United States and Europe, Citi National will be able to make a huge contribution to the financial markets in the country. Our work in India, Pakistan and Bangladesh will definitely assist in this process.

The activities of Citi National will be in two areas fee based and fund based. “With the emphasis on privatisation we have two opportunities”, says Hassan. One is to get a mandate from the Government like Morgan Glenfield has a mandate on the telecom privatisation. If you don’t get that you can come on the buyer’s side. And that’s where your network becomes very important. We have to go across the world to find at buyer”. Hassan also sees opportunities in local restructuring in mergers and acquisitions.

“One problem area we are going to come up with is charging a fee for advisory services which have hitherto been given by banks for free”, explains Hassan. “Our services are not cheap. We are going to be expensive compared to the other merchant banks. It is not that we are expensive, it is just that the banking culture here does not allow it. We have come across this in other countries also. “What are you talking about? We can’t pay that much!”, is a line we have heard many times. It will take some time for people to see the benefits of using investment banks and paying for advisory services which they have hitherto got free.”

Another problem that has cropped up in setting up Citi National, is the dearth of personnel. With just 3 years of investment banking in the country, Hassan says that recruiting the right personnel has been posing a problem. “One more expatriate may be brought in, but only for short term stints. We will probably have 15 personnel in the bank by the end of next year.”

Citi National will go into their activities step-by-step. The fee based activities will take priority and from then on fundbased where opportunities to arrange funding, for example, from the Euromarket, will be looked into, where Citi National itself will have a small stake.

“It is very important to give a good impression to the multinationals by the banks because the bank will act as an advisor to a prospective investor and are the ambassadors of this country. Negative advice will only deter investors and it must be remembered that an acquisition is always carried out on the basis of the advisors”, says Hassan.

It may be an opportune moment to remember the words of Lee Kwan Yew, who was Head of State of Singapore for about 3 decades. “Take a look at Japan, Malaysia and Indonesia. Their growth rates are over 7%. People talk about democracy. But we don’t need democracy. We were nothing when we separated from Malaysia. but now we are among the top most developed cities in the world. We just need discipline, good management and long term policies.”

With Citi National Investment. Bank joining the other investment banks, namely Seylan Merchant, People’s Merchant, Vanik Incorporation, Jardine Fleming, HNB and Merchant Bank of Sri Lanka,maybe it is time for Sri Lanka to take a look at her future, in terms of global accessibility and strategies, opening out doors to big investors to assist in the bridging of the ever widening deficit.

Related Posts

January 1997

When Sales Drop , Say “New Improved”

The Need Of The Business
January 1997

The Need Of The Business

January 1997

Differentiating Success

business-today-logo

Location

20-2/1 Lauries Place Facing R A de Mel Mawatha Colombo 04.

Contact

+94 715 134 134

Email

info@btoptions.com

© 2023 BT Options. All Rights Reserved.