Category: Economy and Markets
The Central Bank says it has got Rs. 5.9 bn in tsunami aid to date.
The Central Bank said on Friday that it had received Rs. 5.9 bn in tsunami aid through government and Non Governmental Agencies as at February 15.The Central Bank said on Friday that it had received Rs. 5.9 bn in tsunami aid through government and Non Governmental Agencies as at February 15. The funds had come […]
Legal experts are proposing a new technique to carry out securities transactions, more easily, cutting costs and legal uncertainties
Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties.Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties. The latest proposal is a legal techniques knows a Declaration of Trust, where a group of […]
Top UN officials to meet local lawmakers to set up a team on disaster preparedness.
Top officials of the United Nations will tour tsunami hit Asia, also meeting local lawmakers to help set up a select committee on disaster preparedness.Top officials of the United Nations will tour tsunami hit Asia, also meeting local lawmakers to help set up a select committee on disaster preparedness. Sri Lanka has asked for United […]
Iran seeks more trade with Sri Lanka, offers US$ 10 mn for tsunami relief
Iran gave US$ 10 mn to Sri Lanka for tsunami relief during talks here Thursday on increasing bilateral trade in tea and oil, a government statement said.Iran gave US$ 10 mn to Sri Lanka for tsunami relief during talks here Thursday on increasing bilateral trade in tea and oil, a government statement said. Discussions were […]
Make use of lowering trade barriers in China, says the Chinese government
Sri Lankan exporters and tourism industry must make use of lowering trade barriers in the US$ 13 trillion Chinese economy, says the Chinese government.Sri Lankan exporters and tourism industry must make use of lowering trade barriers in the US$ 13 trillion Chinese economy, says the Chinese government. “There are many opportunities in China after the […]
Sri Lanka expects to reign in its galloping inflation in the next few months, but savers will still get a raw deal as the Central Bank fights shy to tighten monetary policy
Sri Lanka expects to reign in its galloping inflation in the next few months, but savers will still get a raw deal as the Central Bank fights shy to tighten monetary policy.Sri Lanka expects to reign in its galloping inflation in the next few months, but savers will still get a raw deal as the […]
Unemployement up by 300,000 by year end if tsunami aid not used properly, ILO
Over 300,000 people in Sri Lanka will still be unemployed by the end of this year, if tsunami aid is not properly used, warns the International Labour Organisation (ILO).Over 300,000 people in Sri Lanka will still be unemployed by the end of this year, if tsunami aid is not properly used, warns the International Labour […]
Sri Lanka left its key interest rates unchanged for the third consecutive month as the Central Bank looks for signs that inflation may slow on easing global oil prices
Sri Lanka left its key interest rates unchanged for the third consecutive month as the Central Bank looks for signs that inflation may slow on easing global oil prices.Sri Lanka left its key interest rates unchanged for the third consecutive month as the Central Bank looks for signs that inflation may slow on easing global […]
Rs 6 bn fertiliser subsidy to be replaced by more farmer-friendly subsidy
The Ministry of Agriculture says it will cancel the current Rs 6 bn fertiliser subsidy for a more farmer-friendly subsidy scheme this year. The Ministry of Agriculture says it will cancel the current Rs 6 bn fertiliser subsidy for a more farmer-friendly subsidy scheme this year. “The government spends Rs 6 bn on fertiliser subsidy. […]
Compensation formula for termination of employees in March
A new compensation formula for termination of employees will come into force in March, says the Labour Ministry.A new compensation formula for termination of employees will come into force in March, says the Labour Ministry. “It will be gazetted most probably in two weeks time.The formula was approved by Cabinet and it is now at […]
The EU fields a team to tsunami hit Asia to decide how € 350 mn should be spent.
The European Commission will field a team to tsunami hit Indonesia and Sri Lanka today, to best decide how to spend € 350 mn for reconstruction work.The European Commission will field a team to tsunami hit Indonesia and Sri Lanka today, to best decide how to spend € 350 mn for reconstruction work. The team […]
IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidising big corporations at the expense of poor savers
IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers.IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers. IMF’s outgoing Resident Representative Jeremy Carter said Central Bank should […]