All Blogs
Stress Test
Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink.Ironically, psychiatrists don’t feel like treating Sri Lankan’s either.Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink. Ironically, psychiatrists don’t feel […]
Call Transfer
A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog.A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog. The Vishwa […]
Govt.’s role to expand, as private sector cant lead the country on its own
The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country.The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country. But he says the state has got the […]
Treasury yields fall as government banks and pension funds put in low bids
Treasury bill and bond yields fell in primary auctions this week as government banks and pension funds put in low bids that drove yields down. Treasury bill and bond yields fell in primary auctions this week as government banks and pension funds put in low bids that drove yields down. Treasury bills yields eased nearly […]
Central Bank to go for long term bonds
Central Bank told primary dealers that four and five year bond auctions will be held soon after gilt yields declined in the market.Central Bank told primary dealers that four and five year bond auctions will be held soon after gilt yields declined in the market. Central Bank says four-year bonds will be on offer at […]
Good Times
Local financial sector, dominated by banks, has been growing at a healthy pace for decades.Local financial sector, dominated by banks, has been growing at a healthy pace for decades. Over the last five years banks with their access to cheap deposits have also made in-roads to specialized areas in the financial sector like leasing. The […]
Second Act
The Strategic Enterprise Management Agency (SEMA) is drawing up legislation to permanently insulate state institutions from political interference.The Strategic Enterprise Management Agency (SEMA) is drawing up legislation to permanently insulate state institutions from political interference. The Act will give Singapore-style independence for state owned institutions to take commercial decisions. “In our Charter, one of the […]
Gold Revelation
Contradicting all previous claims that GoldQuest products are priced at several times their real gold value because of a supposed ‘numismatic’ value, the company has revealed to the Court of Appeal that its products are over priced because it has membership maintenance fees incorporated into the sale price. Contradicting all previous claims that GoldQuest products […]
Gold Conspiracy
Sri Lanka Customs have filed documents in the Court of Appeal which bares an alleged scheme to subvert officials in at least three government departments in a an elaborate conspiracy to defraud the government of tens of millions of rupees in revenue, from the import of GoldQuest products.Sri Lanka Customs have filed documents in the […]
‘s role to expand, as private sector cant lead the country on its own
The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country.The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country. But he says the state has got the […]