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Finance Minister pledged to lower growth in the monetary base, the main instrument in the conduct of Monetary Policy in Sri Lanka
Finance Minister pledged to lower growth in the monetary base, the main instrument in the conduct of Monetary Policy in Sri Lanka, in a letter to the IMF while also asking for help to recover from the Tsunami.Finance Minister pledged to lower growth in the monetary base, the main instrument in the conduct of Monetary […]
Tsunami affected coastal retail sector is bouncing back fast according to a survey by A C Nielsen
Tsunami affected coastal retail sector is bouncing back fast according to a survey by A C Nielsen, an international market information company.Tsunami affected coastal retail sector is bouncing back fast according to a survey by A C Nielsen, an international market information company. But the government’s 100-meter rule is preventing 200 small retail shops from […]
Switching Places
Consumer goods retailer Singer (Sri Lanka) Ltd plans to switch some of its expensive short-term debt with a Rs.400 mn four-year debenture issue in April.As at end 2004, Singer’s long-term debt stock stood at Rs. 1.3 bn, but the company is keen to lock in inexpensive funds taking advantage of present low interest rates. Short […]
Aid Report
Sri Lanka has received a total of Rs.9.8 bn (Rs. 9812.5 mn) in tsunami aid as at March 10, from governments, non-state agencies and others as private, foreign and local donations, the Central Bank said.Sri Lanka has received a total of Rs. 9.8 bn (Rs. 9812.5 mn) in tsunami aid as at March 10, from […]
Call Waiting
The ICT Agency on Friday said it has suspended its regional telecom network licensing process as per Tuesday’s court injunction taken out by the seven network operators.The ICT Agency on Friday said it has suspended its regional telecom network licensing process as per Tuesday’s court injunction taken out by the seven network operators. Network operators […]
Oil Troubles
Volatile global oil prices could force the government into a funding squeeze in months, as it tries to pay a growing import bill while refusing to raise local prices.Volatile global oil prices could force the government into a funding squeeze in months, as it tries to pay a growing import bill while refusing to raise […]
A top ADB meeting opens Friday, amidst reports that Sri Lanka, India and the Maldives are short of US$ 1.2 bn in aid.
A top meeting of donors opened in Manila today to review the progress of tsunami reconstruction, amidst reports that India, Maldives and Sri Lanka still need US$ 1.2 bn in added funding. A top meeting of donors opened in Manila today to review the progress of tsunami reconstruction, amidst reports that India, Maldives and Sri […]
Easy Justice
Mobile legal clinics will travel out to tsunami ravaged areas, dishing out free legal advice for all families who lost vital personal papers in the floods. Mobile legal clinics will travel out to tsunami ravaged areas, dishing out free legal advice for all families who lost vital personal papers in the floods. The clinics will […]
Central Bank kept its key short-term interest rates unchanged to tame inflation
The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision earlier in March to control inflation in the second half of 2005.The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision […]