Economy & Markets

Rating Call

The Central Bank plans to hire Fitch Ratings International to give a sovereign rating for the countrys debt. A sovereign rating serves as an indication of a …

Large Hands

HSBC says its Sri Lankan operation has successfully raised funds for the government this year, including a US$ 33 mn long-term loan to develop the Northern …

Nexi Monday

The US$ 100 mn loan to the government arranged through Citibank NA, will come into the Treasury quote s coffers next Monday.The treasury is expected to retire …

Money Money

Central Bank has started issuing Central Bank securities to check reserve money growth, as its own supplies of treasury bills dwindle away.ldblquote We started …

Wider Net

The governments privatisation arm is throwing its doors open to the local investment banking community to help them out as financial advisors for upcoming …

Tight Fist

The provision, generally known as Section (t) exempted trading profits from dealing treasury securities.rnrnThough trading profits is actually the small spread …

Washed Out

The rupee closed up at Rs. 94.55 against the US dollar on Friday, as exporters asked the government to step in and support falling prices.So far, the rupee has …

Tempting Treats

The Colombo Stock Exchange has made an attractive offer to primary dealers, to entice them to make use of the exchanges top of the range debt trading system.To …

Private Tuition

The private sector will absorb 5,000 unemployed graduates under a revamped graduate assistance programme. The Sarasavi Saviya Programme, the successor to the …

Deflation

The Board of Investment is forging ahead with a colossal restructuring effort, with UNDP stepping in, to guide the re-haul the top investment promotion vehicle …

Netting The LTTE

International donors to the country are trying to set up a mechanism through, which the LTTE could directly get involved in aid disbursement to the North and …

Shrinking Fast

Sri Lankas trade deficit for the first seven months of this year shrank to US$ 824 mn as the countrys import bill galloped ahead of export earnings.The Central …

Aid Review ~ 01

Japans special envoy Yasushi Akashi says the government and the LTTE need to resume talks urgently. Akashi said the donor community is expecting the two …

Stable Mode

The Central Bank on Tuesday opted not to cut its key benchmark interest rates, buoyed by strong economic recovery and an influx of foreign investments.In May, …

Aid +

The Asian Development Bank, on Tuesday finalised plans to raise its lending assistance to Sri Lanka to US$ 700 million over the next three years. The extended …

Live Trades

Becoming the first in the South Asian region, Sri Lanka quote s inter-bank payment and settlement system went live on Monday, with Rs. 119 bn worth …

New Limits

The Central Bank on Friday revised the limits on the daily foreign exchange net open positions (NOP) of commercial banks starting from September 1.buy premarin …

Investor Surge

Malaysian investment volumes of Rs. 2.5 bn are projected to grow by 100 percent after successful investment promos in Kuala Lumpur recently, the Board of …

Slight Hiccup

The International Monetary Fund says it will delay releasing the second US$ 80 mn installment next month, as the government has missed two of its targets.The …

State Ruins

State Engineering Corporation officials say its role has to change from a construction company to a foreign market oriented skills development centre.The plan …