Economy & Markets

Aid Direct

The World Bank handed out Rs. 4 million of grant money directly to eight non-governmental organizations recently.This model of directly supporting …

Sampath Fortune

Sampath Bank plans to raise Rs. 1.5 billion by issuing debentures to strengthen its capital base and make long-term money available for lending.The issue which …

Bond 002

After a two-year hiatus, the government is tapping the international debt market to raise US$ 250 mn, to bridge the budget deficit.The Sri Lanka Development …

Flat

Treasury Bill rates remained flat at Wednesdays auction due to excess liquidity in the money market and a steady outlook for short-term interest rates.The …

Peace Please

Sri Lanka needs to return to the negotiating table with the LTTE to untangle US$ 4.5 billion in international aid, but talks with the Tamil rebel faction still …

Looking Good

Sampath Bank on Monday secured an A+ (sri) for its long-term debt and an A (sri) rating for its four-year debenture issue from Fitch Ratings.An A+ (sri) rating …

Pow-Wow

A Japanese envoy will meet with Tamil Tiger leaders in thernrebel-held town of Kilinochchi on Tuesday to discuss Sri Lankas efforts tornend a two decade civil …

Knock Knock

The Colombo Stock Exchange is seeking donor funds to kick-start the derivatives market.The Asian Development Bank (ADB) had earlier helped out with a …

Not For Sale

Sri Lanka will terminate a divestment program initiated by the previous government, the treasury secretary said Friday.But the new government headed by …

Staying Put

The Central Bank opted not to tinker with its short-term rates for the seventh consecutive month, as inflation bottomed out in lull period of economic …

Sweet Music

Cabinet spokesman, Reginald Cooray says the sweeteners are aimed at those who have put in a minimum five-years of service.rn rnCooray said those who put in …

Checkpoint

Relations between the police and the public are in the dumps. In fact Sri Lankans see the police as the most corrupt public institution in the country. Now …

Slight Tremor

Treasury bill rates perked up at this weeks auction, ahead of the Central Banks monthly Monetary Policy meeting on Thursday.Three month paper rose two basis …

Face To Face

Norways foreign minister met with the top Tamil Tigerrnleader Tuesday in efforts to revive peace talks between the Sri Lankanrngovernment and the guerrillas …

Building Up

Sri Lankas foreign reserves took a 2.2 percent dip in February, slightly above a 5.7 percent drop in January 2004, according to latest data released by the …

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