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Abracadabra
State-run People’s Bank is counting on an asset revaluation plus a Rs. 8 bn cash injection from the Asian Development Bank to stay afloat in the coming years.State-run People’s Bank is counting on an asset revaluation plus a Rs. 8 bn cash injection from the Asian Development Bank to stay afloat in the coming years. […]
Invisible Lines
Three months on from the tsunami, the island’s surveyors are finding that their maps dating back to the 1930s are just not enough to assess the damage to the country’s coast. Three months on from the tsunami, the island’s surveyors are finding that their maps dating back to the 1930s are just not enough to […]
Making Growth
The lagging effects of the agriculture sector took a chunk of growth off Sri Lanka’s industrial sector which contributed 36 percent to the country’s GDP growth.The lagging effects of the agriculture sector took a chunk of growth off Sri Lanka’s industrial sector which contributed 36 percent to the country’s GDP growth. The Central Bank in […]
Sri Lanka needs fiscal discipline and bipartisan consensus on economic policy
Sri Lanka needs fiscal discipline and bipartisan consensus on economic policy to replicate the success of other fast growing economies, a top private sector professional said.Sri Lanka needs fiscal discipline and bipartisan consensus on economic policy to replicate the success of other fast growing economies, a top private sector professional said. Drawing parallels with the […]
Inflation in March takes a sort dip, but annual inflation moves up to 11.1 %
The headlong rise in inflation showed signs of slowing in March as the point to point increase in Colombo inflation (CCPI) for the last 12 months shifted down slightly to 15.5 per cent from 15.9 per cent a month before, Central Bank said.The headlong rise in inflation showed signs of slowing in March as the […]
Last quarter growth plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent
Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to a revised GDP growth number for 2003 of 6 percent.Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to […]
Fourth quarter GDP growth plummets to 4.4% capping annual growth at 5.4 %
Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to a revised GDP growth number for 2003 of 6 percent.Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to […]
Fee Offer
Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Merchant Bank of Sri Lanka will expand its fee based capital market service portfolio in a tie up with Indian investment banking giant SBI Caps on Wednesday. Among […]
Second Window
The Commercial Bank of Ceylon has extended its reach in Bangladesh with the opening of a branch at the Bangladesh Export Processing Zone Authority (BEPZA) complex in Dhanmondi, a main commercial hub of Dhaka.The Commercial Bank of Ceylon has extended its reach in Bangladesh with the opening of a branch at the Bangladesh Export Processing […]
Single Window
The birth of new financial services powerhouse that seeks to take capital-related activities to a new paradigm and across national borders, was announced today by the Bartleet Group, Sri Lanka’s pioneering financial services conglomerate.The birth of new financial services powerhouse that seeks to take capital-related activities to a new paradigm and across national borders, was […]