Economy & Markets

Crash

The Colombo stock market took a plunge as President Chandrika Kumaratunga sacked three key ministers and took over the portfolios of Defence, Interior and …

Six Calls

Six investment banks are vying to take up the post of international ratings advisor to the government, as it embarks on the process of seeking a sovereign …

Skywards

Maintaining a positive growth trend over the past few months, Sri Lankas export earnings posted a double-digit growth for the first eight months of this year, …

Round II

Seylan Bank is raising over a billion rupees in debt, to meet its capital adequacy requirements.The bank said a billion rupees will be raised through a …

Bids Galore

The Central Banks maiden 20-year treasury bond issue was snapped up at 6.08 percent as investors put in bids for Rs. 4.24 bn.The issue carried a coupon of …

Bloom Time

Sri Lankas primary dealers signed up with Bloomberg to set up a bond-trading platform.At the moment the scripless securities system is not yet operational, but …

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