Economy & Markets

Little Push

The Central Bank quote s Public Debt Dept. has issued strict guidelines to putting minimum limits for primary dealers to bid at treasury bond …

Second Bout

Sri Lanka is pushing for trade in services including tourism, shipping, software, agriculture and port development to be included under the FTA. rnSri Lanka …

Revving Up

Despite a dismal 0.1 percent growth in the first quarter, Central Bank quote s Deputy Governor P M Nagahawatte says the economy is on target to achieve a 3.7 …

Closer Look

The suggestion that a post-implementation review (PIR) mechanism be put in place was mooted at the recent development forum held in Colombo. rnrnServing a kind …

Full House

The Central Bank says the response was phenomenon, but stopped short from disclosing how much of bids it received. rnrnThe US$ 91.5 mn of the US$ 250 mn issue …

Long Term Dues

Superintendent Public Debt, Dharma Dheerasinghe told Lanka Business Online that the bank hopes to offer around Rs. 1.5 bn at the initial issue. rnrnThe bond is …

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 be issued …

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 protecting …

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 US$ 250 mn …

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 quote s …

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 percent …

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 earnings for the …

Colombo Venue

Held for the first time in Sri Lanka, the forum brings together donor countries and lending agencies. rnrnUnlike the earlier Paris Aid group meetings, the …

Full Throttle

The government quote s residual stakes in sugar plantations have been completed. Preparation work on disposing minority stakes in Lanka Marine Services (LMS), …

Cautious Nod

But IMF quote s Deputy Managing Director Shigemitsu Sugisaki warned that promised structural reforms have to be stepped up if the country is to achieve a 6 …

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