Economy & Markets

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 …

Steady Ship

The Central Bank left its key short-term rates unchanged on Wednesday, signalling that it was comfortable with the countrys economic fundamentals.The overnight …

Bad Grade

Sri Lanka is set to score very low in a second review of the peace process by the international donor community set for January 23. The first review in …

New Page

The government is looking at amending laws to allow foreign investors into the corporate debt market, without liberalising the capital account.Foreigners are …

Greenlight

The Colombo Stock Exchanges debt trading system is likely to take off this month, giving smalltime investors closer access to the government debt market.Seylan …

On Track

Central Bank said GDP growth was on track to meet annual target of 5.5 percent this year but warned that political instability and progress on peace would be …

Steady Run

The Central Bank, Wednesday, left growth projections of 5.5 percent for 2003 intact, but warned that key structural reforms had to go ahead to maintain the …

Third Opinion

So far, the bank has mandated Fitch Ratings Inc. to give Sri Lanka its first country rating. Fitch was selected for its local presence through Fitch Ratings …

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