Category: Money

Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. In March industrial exports fell, reversing a trend of rising double-digit growth. In […]

Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. In March industrial exports fell, reversing a trend of rising double-digit growth. In […]

Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years. Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years. Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days […]

Faced with rising competition and thin margins in a quota free era, Sri Lankan exporters are turning to sophisticated hedging instruments to gain a competitive edge. Faced with rising competition and thin margins in a quota free era, Sri Lankan exporters are turning to sophisticated hedging instruments to gain a competitive edge. Sri Lankan apparel […]

The Sri Lankan government is planning a fresh round of US$ 250 million commercial dollar borrowing this year to plug gaps in the budget without putting too much pressure on domestic markets. The Sri Lankan government is planning a fresh round of US$ 250 million commercial dollar borrowing this year to plug gaps in the […]

Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part of efforts to curb inflation, a senior official said Monday.Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part […]

Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part of efforts to curb inflation, a senior official said Monday.Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part […]

Fitch Ratings Lanka Ltd (FRL) assigns A+ (sri) for Singer Sri Lanka’s (SSL) proposed LKR300mn 2005/2009 debentures. Fitch Ratings Lanka Ltd (FRL) assigns A+ (sri) for Singer Sri Lanka’s (SSL) proposed LKR300mn 2005/2009 debentures. The agency also upgrades ratings assigned to SSL’s existing LKR204mn 2004/2008, LKR250mn 2004/2008 and LKR300mn 2002/2005 unsecured debentures to A+ (sri) […]

Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still leaves them short changed.Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still […]

Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still leaves them short changed.Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still […]

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 […]

Primary dealers criticized interest rate policy uncertainty and have resisted Central Bank moves to increase their minimum capital requirement.Primary dealers criticized interest rate policy uncertainty and have resisted Central Bank moves to increase their minimum capital requirement. A proposal to bring in a risk weighting for capital, over time is expected to go to the […]