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New Faces
There has been a positive response to Central Bank quote s call to expand the government securities market by issuing new licences.rn rnThe bank quote s Superintendent Public Debt, Dharma Dheerasinghe told Lanka Business Online that lquote a few parties have already submitted their applications. quotern rnrnMarket watchers speculated that the new comers include Peoples […]
Final Issue
The two-year bond will be linked to the six months London interbank offered rate or LIBOR.rn rnThe government last year said it was raising up to US$ 250 mn through the bond issues to help bridge the yawning budget deficit. However, only US $ 158.5 million two year bonds were issued.rn rnEarlier this year in […]
Affinity With Nalanda
The use of the Nalanda College Affinity Card by cardholders will help expedite the construction work of the proposed sports complex for the school because each time the card is used 0.1 per cent of the total value of transaction goes to the Old Nalandians Sports Development Trust Fund, the banks said in a release. […]
Hard Talk
ldblquote It is vital that fiscal programme remains on track to ensure that the overall budget target of 8.5 percent of GDP is not exceeded, while protecting pro-poor spending, dblquote IMF quote s Deputy Division Chief (Asian & Pacific Dept.) Jeremy Carter said addressing delegates at the Sri Lanka Development Forum today. rnrnCarter urged the […]
Calling For Change
Federation of Asia Pacific Air Cargo Association (FAPPA) Chairman, Diren Hallock addressing the executive council meeting yesterday said that the only International airport in an export driven economy was a strategic policy tool and hence needed to be developed more rapidly.rn rnSome of the proposed improvements include a dedicated Apron, Airside Terminal concessionary parking rates, […]
Weathering the storm
rnThe award was presented by the parent company Emirates, at the airline quote s annual Reservations Conference in Dubai, in May this year.rn rnThe award recognizes the efforts of the Emirates Colombo station following the July 24 attack on the Bandaranaike International Airport and the events of September 11 in USA. rn rn”The second half […]
Moving On
The Central Bank cut its key short-term discount rate by lowering the overnight reverse repurchase rate (reverse repo) by ten basis points to 13.75 percent this morning.The announcement is in line with the bank quote s new policy of making regular changes to its key discount rates, to make it more responsive to market developments, […]
Life Extension
Officials say the Excite Freedom would last two times longer and require only one battery water refill a year.rn rnThe battery now being imported from India, will eventually be produced locally to cater to the luxury vehicle market. rn rnDirector Motor and Battery Directorate, Sheran Fernando said the battery was ideally suited for Sri Lankan […]
Freeing IDD
Ratification of the Telecom Draft policy is also expected in August, officials close to the ruling coalition said.rn rnEarlier this year, the Telecommunications Regulatory Commission (TRC) announced plans to issue international voice licences. rn rnA number of companies were reported to have expressed interest including the wireless local loop operators (Suntel and Lankabell) and other […]
Restoring Jaffna
rnSri Lanka quote s top trade chamber, the Ceylon Chamber of Commerce, has identified three priority areas for development by the private sector, on a commercial scale. rn rnThese include low cost housing, repair and rehabilitation of road networks as well as construction and operation of up to three star level hotels and tourist facilities.rn […]