Economy & Markets

No Brakes

The rupee slipped up against the US dollar to end at 99.15, despite a state bank selling some dollars to shore up the currency.The rupee opened at 99.25, …

Flat Out

Treasury bond yields for two-year papers remained flat, despite Mondays auction being oversubscribed, the Central Bank said.The bank offered Rs. 1 bn, but …

Listing Debt

The Central Bank has allowed the Employee Provident Fund to list its Rs. 240 bn government treasury portfolio on the CSEs new debt trading system, the DEX.The …

Not Now

Sri Lankas Tiger rebels have asked for direct reconstruction aid as a political crisis in the government here stalled their peace process, but donors have …

Roadblock

rnThe sacking of Sri Lankas parliament could hold up at least US$ 176 mn in World Bank aid to the island, whose economy is headed for a serious slow down, a …

In Use

Sri Lankas aid utilisation recorded an all time high of nearly US$ 1bn for 2003 and came close to forecast targets despite a politically volatile year that …

Trade off

The Comprehensive Economic Partnership Agreement (CEPA) between India and Sri Lanka is looking to be the latest casualty of the political uncertainty that …

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