All News

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 …

Money Matters

Three-month treasury yields continued to surge upwards as the market becomes uneasy over the upcoming April polls.The Central Bank offered and …

Grand Slam

Sri Lankas Prime Minister has accused the countrys president of jeopardising a ceasefire with Tamil rebels and scuttling economic recovery in his …

Get Going

The four co-chairs of peace have expressed disappointment over the current political situation and repeated their call on the Sri Lankan government …

Saffron Power

Nationalist party, Sihala Urumaya said Tuesday that it was exclusively fielding Buddhist monks to contest the 225 seats up for grabs at snap …

Quick Dip

Conglomerate Hemas Holdings delved deeper into the tourism sector on Monday to pick up a 47 percent slice in Associated Hotels, the owning company of …

Moral Support

A state bank crept into the foreign exchange markets on Tuesday morning to shore the rupee up, to prevent it from touching the psychological 100.00 …

Dusting Cobwebs

The Merchant Bank of Sri Lanka (MBSL) is exploring ways to wipe off its accumulated losses through a balance sheet clean up process.The bank is …

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 …

Back to Basics

The problem with subsidies is that the rich enjoy them as much as the poor. The cross subsidy on diesel is a classic example.Owners of fuel guzzling …

Be Careful

Asian countries are enjoying some of their best years after the East Asian crisis. But a top IMF official says the party might end quickly if …

Good Tidings

The US Agency for International Development said it has finalised a five-year US$ 120 mn plan to support peace and reform in Sri LankaVisiting USAID …

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, …

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 …

Party Pooper

Sri Lankas system of party politics is accelerating into action with the President clearing the way to stockpile state resources under the Alliance …