Category: Economy and Markets
Finance Minister warns exporters not to hoard their proceeds abroad
Finance Minister Dr. Sarath Amunugama sent out a strong warning to exporters asking them to repatriate their proceeds and help ease the pressure on the rupee. Finance Minister Dr. Sarath Amunugama sent out a strong warning to exporters asking them to repatriate their proceeds and help ease the pressure on the rupee. The Sri Lankan […]
Govt. to borrow over Rs. 50 bn from local debt market
The Central Bank says it will re-issue Rs.7,010 mn worth of two-year treasury bonds and Rs.43,655 mn in treasury bills to the debt market, as part of its borrowing programme for August.The Central Bank says it will re-issue Rs. 7,010 mn worth of two-year treasury bonds and Rs. 43,655 mn in treasury bills to the […]
Lack of proper identification at crime scenes, stumps local law enforcement authorities
If you plan to shoot off someone in Sri Lanka, please make a note to leave behind indisputable proof – like an identity card – to help local law enforcement authorities track you down. If you plan to shoot off someone in Sri Lanka, please make a note to leave behind indisputable proof – like […]
Rising yields are forcing market makers in government securities to look for ways of minimising book losses.
Rising yields are forcing market makers in government securities to look for ways of minimising book losses.Rising yields are forcing market makers in government securities to look for ways of minimising book losses. Bond yields have risen by over four percent during the past few months forcing Primary Dealers to mark to market their portfolios […]
A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks.
A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks.A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks. Escalating tension between the LTTE and the government has spilt over to killings and […]
The Sri Lankan government will comfort families of migrant workers with therapy sessions.
The Sri Lankan government will comfort families of migrant workers with therapy sessions. The Sri Lankan government will comfort families of migrant workers with therapy sessions. “We want to do counselling for families where mothers have gone abroad,” said Labour & Foreign Employment Minister, Athauda Seneviratne, on Monday. Cabinet, said Seneviratne, sanctioned this move a […]
Trade deficit for May expands on falling apparel earnings and higher oil bill
Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday.Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday. Trade deficit […]
The World Bank lends US$ 64.7 mn for agro and community development projects in the North & East.
The World Bank has come forward with a US$ 64.7 mn loan to finance agro and community development projects in the North & East. The World Bank has come forward with a US$ 64.7 mn loan to finance agro and community development projects in the North & East. The funds will be channeled through the […]
India wants 187 items removed from Sri Lanka’s negative list that gives protection to 1,180 items
Sri Lanka and India will meet in mid August for another round of hard bargaining on the Indo-Sri Lanka Free Trade Agreement (ISLFTA).Sri Lanka and India will meet in mid August for another round of hard bargaining on the Indo-Sri Lanka Free Trade Agreement (ISLFTA). The three day meetings starting on August 16 will end […]
Donors want a joint aid group that was set up last year, to get moving to better plan aid and ensure funds go down to the levels its meant to reach.
Donors want a joint aid group that was set up last year and including government, to get moving to better plan aid and ensure funds go down to the levels its meant to reach.Donors want a joint aid group that was set up last year and including government, to get moving to better plan aid […]
Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast.
Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast.Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast. Sri Lanka won export tariff reductions into the European Union in January this year based on […]
Cash rich National Savings Bank bought up Rs. 60 mn worth of securitised paper last week, locking its returns for up to one year.
Cash rich National Savings Bank bought up Rs. 60 mn worth of securitised paper last week, locking its returns for up to one year.Cash rich National Savings Bank bought up Rs. 60 mn worth of securitised paper last week, locking its returns for up to one year. Ceylease Financial Services and People’s Merchant Bank issued […]