Economy & Markets

The Matrix

Sri Lanka has a 45 percent chance of achieving peace within a volatile political situation, which will push the Colombo bourse up by 25 percent to 30 …

Co-producer

Far from the buzz and the luxuries of a metropolitan city lie the backwater villages of the Uva and Southern Provinces, home to some of the most impoverished …

Green Rain

International donors wrapped up the two-day Tokyo parley pledging over US$ 4.5 bn in aid over the next four years to rebuild Sri Lanka. The amount includes US$ …

Yawning Gap

The trade deficit widened during the first four months of this year as the import bill galloped ahead of total exports, the Central Bank said Tuesday.The bank …

DEX Next

The Colombo Stock Exchange is going ahead with the launch of its new Debt Trading Board in June with or without access to the primary market for government …

Building Permit

Traditionally, most of Sri Lanka quote s mega construction projects have been awarded to foreign contractors. But local construction companies say its time the …

String Sting

A top state official is calling the government to break away from being over dependant on aid agencies. BOI Chairman Arjunna Mahendran pointed out that …

Small Bite

The Colombo Stock Exchange is talking to Central Bank to get access to 5 percent of the primary government securities market.If approved, the move would amount …

Quicksand

A pilot project to mine Sri Lanka’s seabed off the Western coast for offshore sand to sustain a flagging construction industry, has gone up for Treasury …

Home Run

The Urban Development Authoritys (UDA) call to develop five of its properties in the Colombo District, received 140 proposals when the tender closed on Monday. …

Losing Interest

The Central Bank on Friday cut key interest rates by 75 basis points on Friday.The bank lowered the Reverse Repurchase Rate to 10.25%, while the Repurchase …

Lower Lending

The Central Bank on Friday cut its key short-term discount rates by 75 basis points, in line with its policy of lowering rates.The bank lowered the reverse …

Heading Up

Treasury Bill yeilds moved up by 64 basis points at the close of this weeks auction.rnrnrnrnrnrnNew Page 1rnrnrnrnrn rn rn rn rn rn   rn Amount rn Bids rn …

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