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Leaving The Bud

Leaving The Bud

VAT, which comes into effect from July 1, is slapped on tea exports. But the tea trade is against the move as it pushes the weekly tea auction prices …

Borrowing Spree

A series of Reconstruction bonds are due to hit the market later this year, while the remaining US$ 91.5 mn of the US$ 250 mn development bonds will …

SLIC Sale

The Public Enterprises Reform Commission (PERC) is to call for Expressions of Interests (EOIs) to dispose the government quote s controlling stake in …

Band Aid

The extra addition is estimated to cost around Rs. 680 mn, and the firm plans to raise the money through a combination of preference shares to …

New Faces

There has been a positive response to Central Bank quote s call to expand the government securities market by issuing new licences.rn rnThe bank …

Hard Talk

ldblquote It is vital that fiscal programme remains on track to ensure that the overall budget target of 8.5 percent of GDP is not exceeded, while …

Final Issue

The two-year bond will be linked to the six months London interbank offered rate or LIBOR. rn rnThe government last year said it was raising up to …

Restoring Jaffna

rnSri Lanka quote s top trade chamber, the Ceylon Chamber of Commerce, has identified three priority areas for development by the private sector, on …

Moving On

The Central Bank cut its key short-term discount rate by lowering the overnight reverse repurchase rate (reverse repo) by ten basis points to 13.75 …

Freeing IDD

Ratification of the Telecom Draft policy is also expected in August, officials close to the ruling coalition said.rn rnEarlier this year, the …

Slower Pick Up

The bank said the deficit for the first quarter shrank 18.5 percent to US$ 277 mn from US$ 340 mn recorded in the same period 2001. rnrnExport …

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