Economy & Markets

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 …

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 …

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 0.1 percent in the same period last year, Finance Minister K …

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 …

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 …

Credit Drip

The World Bank Wednesday approved the first tranche of US$ 125 mn in support credit, to shore up the countrys poverty reduction strategy.rnrn The Poverty …

Lease Backed

Cash rich National Savings Bank (NSB) bought up Rs. 200 million worth of securitised paper last week, locking its returns for up to five years.rn Ceylease and …

Racing On

The All Share index moved 15 points closer to the psychological 1000 point mark, closing at 969 on Wednesday. Despite the current gloom surrounding the peace …

Side Dish

The government wants an interim cure for the collapsed peace talks so it can stick to development plans and aid utilisation schedules. Proposals being touted …

Aid scare

Economists are warning that key fiscal targets could be missed as donors pledge a record amount of aid.Most of the US$ 4.5bn pledged at the Tokyo Donor …

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