All News

Lending Cheap

The Central Bank on Tuesday cut key short-term rates by 75 basis points in line with its policy of lowering lending rates.The bank lowered the …

Axe On Dollars

The government has drastically cut its planned commercial dollar borrowings in the wake of large aid flows and promised long term structural …

What of IT?

Millennium Information Technologys client list was propped up with two new big accounts in 2002, but two other clients going bust contributed to a …

The Next G

Six licences to test and develop 3G cellular services are on offer, valid for one year for strictly non-commercial trial purposes. The …

Bumper crop

Bumper crop

Tea production is expected to touch the 308-mn kilo mark for 2002 brokers predict, given improved harvests in November the same year. For the eleven …

Traffic Patrol

Consultants appointed to study Sri Lankas frequency spectrum commenced work in December 2002 and are expected to submit the final report before May …

Game GDP

The authors, Dr. Anila Dias Bandaranaike, D Wasantha and T M Z Mustaliph of the Central Banks Statistics Dept. have developed a methodology to …

Balance Sheet

The proposed Public Finance Act is to be pushed through to Cabinet as an urgent bill, as Parliament resumes work in the New Year. The new Bill raises …

Cashing In

Coming through a battering last year, all signs are that tourists are flocking back with arrivals shooting up a massive 86 percent in the third …

Lending Long-term

The Central Bank plans to issue a 10-year bond issue in January, as part of its efforts to build a long-term yield curve.Officials from the banks …