Category: Money

Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Central Bank’s policy rate is 9.00 per cent, but some banks […]

Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tuesday. Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tuesday. Financial markets milked […]

The government plans to divest remaining shares it holds in listed hospitality stocks, and tinker with taxes to encourage the growth of the capital market. The government plans to divest remaining shares it holds in listed hospitality stocks, and tinker with taxes to encourage the growth of the capital market. Next year’s budget forecasts to […]

Central Bank this week started to raise rates to stop rising inflation, caused by the government printing money. Central Bank this week started to raise rates to stop rising inflation, caused by the government printing money. But Finance Minister Sarath Amunugama says, the rising budget deficit forced the government to print money, and will attempt […]

The Central Bank plucked up the courage to raise benchmark interest rates up by 50 basis points with immediate effect, putting an end to Sri Lanka’s 12 month honeymoon of low interest rates. The Central Bank plucked up the courage to raise benchmark interest rates up by 50 basis points with immediate effect, putting an […]

The government plans to borrow Rs. 7 bn in new debt as part of its Rs. 35 bn borrowing programme for November, the Central Bank said Monday. The government plans to borrow Rs. 7 bn in new debt as part of its Rs. 35 bn borrowing programme for November, the Central Bank said Monday. Around […]

Primary dealers were lobbying to correct a rushed provision to the Inland Revenue Act last month that could slap a huge tax bill on the industry.Primary dealers were lobbying to correct a rushed provision to the Inland Revenue Act last month that could slap a huge tax bill on the industry. Although the Inland Revenue […]

The Trustee of Vanik debentureholders have asked the Colombo Stock Exchange to take action against the company for failing to honour its interest payments.The Trustee of Vanik debentureholders have asked the Colombo Stock Exchange to take action against the company for failing to honour its interest payments. Trustees Secretarius (Pvt) Ltd said the third installment […]

The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme.The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme. Of the 72,071 mn worth of paper maturing, […]

The Central Bank’s Public Debt Dept., is contemplating issuing guidelines to primary dealers on how they should present their financial statements. The Central Bank’s Public Debt Dept., is contemplating issuing guidelines to primary dealers on how they should present their financial statements. Primary dealers’ who are the market makers for government debt, currently have to […]

The Central Bank of Sri Lanka expressed concern on State sponsored subsidies, but said overall growth remains on track, to ensure there need not be a change in short-term interest rates for September. The Central Bank of Sri Lanka expressed concern on State sponsored subsidies, but said overall growth remains on track, to ensure there […]

The Central Bank has raised US$ 55.25 mn for the government through two-year Sri Lanka Development Bonds priced at 163.48 basis points above the six month’s London Interbank offered rate (LIBOR). The Central Bank has raised US$ 55.25 mn for the government through two-year Sri Lanka Development Bonds priced at 163.48 basis points above the […]