Author: lbostgadmin
People Power
People’s Bank said last year’s profits beat targets set in its restructuring plan despite increasing pressure on margins and higher provision for staff retirement. People’s Bank said last year’s profits beat targets set in its restructuring plan despite increasing pressure on margins and higher provision for staff retirement. However the State bank employees protested against […]
Big Mama
Treasury Secretary says the country’s risk-averse banking sector has failed to assist entrepreneurs especially in the small and medium sector.Treasury Secretary says the country’s risk-averse banking sector has failed to assist entrepreneurs especially in the small and medium sector. Doctor Jayasundera was speaking at the launch of the country’s first bank for small and medium […]
Government is reversing policy by issuing Rs. 38 billion in Rupee Securities
Government is reversing policy by issuing Rs.38 billion in Rupee Securities, which don’t have market determined interest rates this month to lower borrowing costs. Government is reversing policy by issuing Rs. 38 billion in Rupee Securities, which don’t have market determined interest rates this month to lower borrowing costs. Most of the rupee security stock […]
Paul Wolfowitz lands top job as World Bank President
The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President.The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President. The Bush […]
Short Circuit
The District Court set a May 3 date to decide on the telco industry’s case against the ICT Agency’s rural telecom licensing process.The District Court set a May 3 date to decide on the telco industry’s case against the ICT Agency’s rural telecom licensing process. The court date was made after the ICT Agency filed […]
We Want More
Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Treasury Secretary and member of the Monetary Board, the decision making […]
Doctor Says
Public health experts say ‘the right to health’ is unaffordable for Sri Lanka because the government health service can’t afford to pay damages if more people sue.Public health experts say ‘the right to health’ is unaffordable for Sri Lanka because the government health service can’t afford to pay damages if more people sue. Civil rights […]
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 […]
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 […]
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 […]
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 […]
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 […]