Economy & Markets

Decreasing

The bank said it offered and accepted bids for Rs. 5.569 bn. rnrnThree-month notes slipped six basis points to 12.66 percent, six month treasuries dropped …

Slipping

The bank said it offered and accepted bids for Rs. 500 mn. rnrnThe weighted average yield dropped to 13.73 percent from 14.94 percent recorded in the previous …

High Fever

The repo-rate or the repurchase rate is the key benchmark, which sets the floor in the overnight call money market, as it enables lenders to invest excess …

Big Steps

The bank has amended the existing legislations and created separate categories for commercial banks and non-commercial banks. rnrnThe new guidelines which came …

No Problem

The government has also decided to shift the venue of the customarily aid group meeting from Paris to Colombo, in order to allow a greater participation of Sri …

Petty Cash

Finance Minister K N Choksy said around Rs. 29.7 bn were needed for a month starting from March 19, until the budget debate is concluded. rnrnHe estimated …

Beware

Amendments to the Companies quote Act would focus on enhancing minority shareholders rights and disclosing directors quote duties, he added. rnrnCommenting on …

Multiplying

The Central Bank plans to expand the number of primary dealers dealing exclusively in government debt.rn rnNewcomers will be on par with existing primary …

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