Category: Economy and Markets
‘s Central Bank raises policy rates
Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign in galloping inflation Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign […]
Norway’s new government offers to maintain Sri Lanka peace bid
Norway’s government-elect will offer to continue peace mediation efforts in Sri Lanka “in whatever manner the parties want,” top peace envoy Erik Solheim told AFP.Norway’s government-elect will offer to continue peace mediation efforts in Sri Lanka “in whatever manner the parties want,” top peace envoy Erik Solheim told AFP. “After the new government is formed […]
Sri Lanka’s Central Bank raises policy rates
Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign in galloping inflation Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign […]
‘s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
Sri Lanka’s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
Another registration system for tsunami victims
The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better.The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better. The computerised centres will […]
The ADB’s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
Tigers reject truce talks at Sri Lanka airport
Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s only international airport Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s […]
‘s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
NTB – MLL merger put up for approval
Nations Trust Bank on Thursday said it is pushing a deal to merge with Mercantile Leasing Limited.Nations Trust Bank on Thursday said it is pushing a deal to merge with Mercantile Leasing Limited. The deal will add a leasing business to NTB’s commercial banking portfolio. The merger however needs MLL board, shareholders and Central Bank […]
Sri Lanka PM agrees to scrap plans to share power with Tigers
Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main Marxist party under which he agreed to drop plans to share power with Tiger rebels, but said he hoped the move would not lead to a resumption of war. Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main […]
‘s private debt
Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system.Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system. The DEX initially limited to govt., […]