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ADB pushes for publicly tradable securitised bonds in the capital market
Asian Development Bank (ADB) is pushing for publicly tradable securitised bonds in the capital market.Asian Development Bank (ADB) is pushing for publicly tradable securitised bonds in the capital market. The bank is to support a securitisation bill to parliament so that Special Purpose Vehicles or SPV’s used in these deals, can be set up as […]
Sri Lanka resurrect plans for a sovereign rating, to cash in on foreign investor interest in the post tsunami era
Sri Lankan government has resurrected plans for a sovereign rating, to capitalise on the goodwill of foreign aid and investments that’s flowing through, in the post-tsunami era. Sri Lankan government has resurrected plans for a sovereign rating, to capitalise on the goodwill of foreign aid and investments that’s flowing through, in the post-tsunami era. A […]
All for One
The International Accounting Standards Board (IASB) said countries would benefit by adopting International Accounting Standards. The International Accounting Standards Board (IASB) said countries would benefit by adopting International Accounting Standards. Uniform standards can help investors compare accounts and aid local companies to access international markets. “We have to come up with one single set of […]
A Haunted Bank
Government announced a third re-capitalization of People’s Bank costing taxpayers a mammoth Rs.8 .5 billion. Government announced a third re-capitalization of People’s Bank costing taxpayers a mammoth Rs.8 .5 billion. Currently, People’s Bank is the only large bank not meeting Central Bank’s minimum capital limits. The government re-capitalisation drive will require People’s Bank to pay […]
Peace secretariat chief asks MIGA to take a look at North East Sri Lanka
The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East.The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East. Peace Secretariat Chief Jayantha Dhanapala, has invited Multilateral Investment Guarantee Agency (MIGA) to look […]
IMF: Rebuilding to pressure Sri Lanka ’05 fiscal outlook
Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said.Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said. “Lower tourism receipts and a reconstruction-related […]
imf graph
IMF graph IMF graph Selected Economic and Social Indicators 2004 2005 2006 Pre- Post- tsunami tsunami GDP and inflation (%) Real GDP growth 5.2 6.0 5.3 6.0 Average inflation 7.6 10.5 12 7.5 Public finances (% of GDP) […]
Painkillers
State owned Ceypetco says the Treasury will settle Rs.6 bn outstanding in subsidy claims this year, even as deferred payments to Iran fall due in July.State owned Ceypetco says the Treasury will settle Rs. 6 bn outstanding in subsidy claims this year, even as deferred payments to Iran fall due in July. Not allowed to […]
’05 fiscal outlook
Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said.Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said. “Lower tourism receipts and a reconstruction-related […]
Shifting Sideways
The Asian Development Bank has reallocated US$ 7 mn from a Rural Finance Sector Development Project in Sri Lanka to provide emergency microcredit to tsunami affected people in the country.The Asian Development Bank has reallocated US$ 7 mn from a Rural Finance Sector Development Project in Sri Lanka to provide emergency microcredit to tsunami affected […]