Economy & Markets

New Faces

The Colombo Stock Exchange on Wednesday admitted five new members to trade on its upcoming debt securities board, the DEX.The trading members are: Capital …

Safety Features

The government is looking at offering up to one year as compensation for employees who lose their jobs and also allow people to take their provident fund …

More Horsepower

The Government is giving Parliament more power to crack the whip on errant public institutions and corporations by strengthening the Parliamentary Public …

Donor Support

The World Bank said its funding for the North and East of the island could continue through an interim administration if the government so wished.The bank, …

Big Push

As some of the Tokyo aid dollars begin to roll in, a top level government committee is looking at fast tracking some of the key infrastructure projects.Top …

Aid Float

Sri Lankas cash float just got heavier, with the World Bank upping its aid from US$ 800 mn to US$ 1 bn over the next four years.rnldblquote For the next two …

Safety Lock

The Colombo Stock Exchange unveiled a range of management strategies to reduce transaction risks on its debt exchange (DEX) including liquidity deposits by …

Trade Net

Potential Euro-Sri Lankan business partners in the plastics and rubber sector will be linked up via a joint trade database floated today.rnLaunched by the …

Outright sales

Central Bank may start outright sales of government securities as early as next week with rising foreign inflows boosting the countrys money …

Looking Glass

Government plans to set up 14 Oversight Committees to look over key state functions is on track, with proposals going to parliament in a few weeks.ldblquote …

Bulls Eye

The Finance Minister said last week that fiscal targets were on track in his first Fiscal Position Report. The Government said that privatisation proceeds were …

Midyear Review

Sri Lankas top trade chamber has commended the government on pushing ahead with a series of legislative reforms, but said more work needs to be done to …

Pilot Test

ADB on Wednesday approved a technical assistance (TA) grant of US$800,000 to pilot test two community information networks that will bring vital information to …

Debt Call

Housing Development Finance Corp. has teamed up with debt dealer Capital Alliance to take financial instruments to the provinces.rnldblquote Depositors in the …

Sustaining Power

Limited energy supply could hinder a so far promising economic recovery over the next few years, Central Bank officials warned today.rnrnldblquote If the …

VAT Slips?

The Value Added Tax continues to disappoint with revenues again falling short of expectations, with rising refunds eating away at collection.ldblquote Refunds …

On Target

The Sri Lankan economy grew by 5.5 percent in the first quarter of 2003, up sharply from growth of 0. online pharmacy …

More Money

Danish authorities on Tuesday signed a development co-operation agreement to fund a multitude of projects yet to be identified.rnrnThe fresh aid facility will …

Book Keeping

Independent reviews of public sector accounts will take off in July, in line with ongoing reforms to revamp the public sector to be accountable and …

Peace Rally

Banking stocks stole the market Thursday, with National Development Bank and NDB Bank (NBL) netting 50 percent of the Rs. 457.21 mn in total turnover.Brokers …