Category: Money

Sri Lanka’s treasury yields kept its upward momentum ahead of Wednesday’s monetary policy review announcement. Sri Lanka’s treasury yields kept its upward momentum ahead of Wednesday’s monetary policy review announcement. The Central Bank said it sold one year treasury notes at a yield of 9.41 percent, slightly up from last week’s 9.39 percent. Yields for […]

State-run Bank of Ceylon is shopping in the local and foreign markets for debt capital, to fund ongoing business activities and expand its capital base, a top official said Monday.State-run Bank of Ceylon is shopping in the local and foreign markets for debt capital, to fund ongoing business activities and expand its capital base, a […]

Galloping taxes on imported vehicles and higher fuel costs have failed to curb Sri Lanka’s thirst for new wheels, industry watchers said Friday. Galloping taxes on imported vehicles and higher fuel costs have failed to curb Sri Lanka’s thirst for new wheels, industry watchers said Friday. The car industry was hit by a tsunami after […]

Galloping taxes on imported vehicles and higher fuel costs have failed to curb Sri Lanka’s thirst for new wheels, industry watchers said Friday. Galloping taxes on imported vehicles and higher fuel costs have failed to curb Sri Lanka’s thirst for new wheels, industry watchers said Friday. The car industry was hit by a tsunami after […]

Sri Lanka hopes to use its upcoming sovereign rating to retire some old expensive foreign currency debt and streamline its borrowing programme, Treasury Secretary said Wednesday. Sri Lanka hopes to use its upcoming sovereign rating to retire some old expensive foreign currency debt and streamline its borrowing programme, Treasury Secretary said Wednesday. The island nation […]

Leasing companies and mortgage banks are raising more money through debt issues to take advantage of higher demand for credit and to cap their own interest rates. Leasing companies and mortgage banks are raising more money through debt issues to take advantage of higher demand for credit and to cap their own interest rates. However […]

Sri Lanka’s exchange rate has started to depreciate faster despite the Central Bank using its reserves to defend the currency.Sri Lanka’s exchange rate has started to depreciate faster despite the Central Bank using its reserves to defend the currency. From November 2003 the Sri Lanka rupee fell rapidly as government fiscal discipline slipped and dollar […]

The securities watchdog is drafting new guidelines to regulate unquoted debt paper issued by listed companies, its Director General said Tuesday. The securities watchdog is drafting new guidelines to regulate unquoted debt paper issued by listed companies, its Director General said Tuesday. The move comes after the Securities & Exchange Commission recently mandated quoted companies […]

Securitisation deals are expected to multiply after amendments to the Leasing Act cleared legal hurdles. Securitisation deals are expected to multiply after amendments to the Leasing Act cleared legal hurdles. Parliament approved amendments to the Leasing Act this month that would allow lease receivables to be assigned to the Special Purpose Vehicle (SPV) or trust, […]

Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease up. Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease […]

Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease up. Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease […]

Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face of loose fiscal policy.Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face […]