Economy & Markets

More Cash

The unsecured, subordinated redeemable debenture will carry a five-year tenure and will be quoted on the Colombo Stock Exchange. rnrnThe issue will be doubled …

Easing Ahead

The Central Bank offered and accepted bids for Rs. 6.565 bn despite the auction being oversubscribed with bids for Rs. 12.461 bn. rnrnBids on offer this week …

Building Debt

Construction work on the head office complex is expected to cost the bank around Rs. 4 bn. rnrnThe securatised paper carrying a ten-year tenure, will be …

Easing Up

Money brokers are expecting a benchmark repo interest rate cut towards end April, due to twin effects of the IMF disbursement and improved liquidity in the …

New Head

Gunaratne is a Chartered Accountant by profession and presently is the Chairman of Sevanagala Sugar Industries. rnrnSevanagala Sugar, is in the process of …

Ganu Denu

The Board has also approved Sri Lanka quote s request to extend the period of the current programme by two months to August 19 2002. rnrnThe Sri Lankan …

Holding Firm

Three-month notes dropped one basis point to 12.93 percent, six month bills slipped one basis point to 12.97 percent and one year treasuries lost four basis …

Cutting Tape

Cabinet spokesman Prof. G L Peiris announced that a decision to this effect was taken yesterday, allowing private operators re-enter domestic air travel. …

Small Solace

ldblquote Both the Government and Central Bank have responded positively to our concerns about the negative effect of Debit Tax dblquote , Primary Dealers …

Looking South

As part of its efforts to deepen the debt market, Ceylinco Shriram Securities Ltd opened its sixth regional office in Matara today. rn rnThe firm is targeting …

Picking Up

The bank said the deficit in January had shrunk to US$ 131 mn from US$ 228 mn in the same month a year ago. rnPresenting its growth-oriented budget last week, …

Squeezing Out

In a letter to the Central Bank, the Primary Dealers Association says the killer tax of 0.1 percent is threatening money market and gilt-edge securities …

Moving On

The reversal comes after the bank raised the reverse repo rate by 10 basis points on Thursday in line with the bank quote s new policy of making regular …