Economy & Markets

Dissolved

President Chandrika Kumaratunga dissolved parliament late Saturday, calling for a snap poll on April 2, to break the bitter political deadlock.Parliamentary …

Marching Up

Treasury bill yields continued to tick upwards with three-month paper gaining by seven basis points at Tuesdays auction, the Central Bank said Tuesday.The bank …

Be Good

Central Bank, Governor A. S. Jayawardena said foreign exchange market should take a longer-term view of the rupee and avoid aberrant behavior.The governor said …

Maiden Run

The Central Bank will start issuing its maiden batch government treasuries in scripless form this week, allowing the market to settle their transactions …

Aid Ok

The international community will detach part of the US$ 4.5 billion in aid committed to rebuild Sri Lanka from progress with the peace process. Japanese …

Secure Funds

Asian Finance Ltd has raised Rs. 100 mn by securitising its future cash receivables to fund its working capital.Structured and placed by National Wealth Corp …

Tailspin

Hopes of securing US$ 80 mn from the International Monetary Fund (IMF) next month has been put off, due to the current turn of events in Sri Lanka, a top …

Mute Market

Secondary market trading in government securities has tapered off to a fraction of last years levels with political uncertainty putting bond dealers on the …

Any Takers?

Saddled with debts of over Rs. 11 bn, the CEB is coming to the market again to securitise its future cash flows by borrowing over a billion rupees.CEB tapped …

Aid Drip

The Asian Development Bank on Wednesday approved US$ 80 mn to rehabilitate conflict areas – a first such loan since the Tokyo aid parley last year. The …

Good Marks

Fitch Ratings Lanka Ltd (FRL) has assigned SL A national credit rating to the Implied Long-term unsecured Senior Debt of First Capital Treasuries Ltd (FCTL).SL …

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