Economy & Markets

High Fever

The repo-rate or the repurchase rate is the key benchmark, which sets the floor in the overnight call money market, as it enables lenders to invest excess …

Big Steps

The bank has amended the existing legislations and created separate categories for commercial banks and non-commercial banks. rnrnThe new guidelines which came …

No Problem

The government has also decided to shift the venue of the customarily aid group meeting from Paris to Colombo, in order to allow a greater participation of Sri …

Petty Cash

Finance Minister K N Choksy said around Rs. 29.7 bn were needed for a month starting from March 19, until the budget debate is concluded. rnrnHe estimated …

Multiplying

The Central Bank plans to expand the number of primary dealers dealing exclusively in government debt.rn rnNewcomers will be on par with existing primary …

Beware

Amendments to the Companies quote Act would focus on enhancing minority shareholders rights and disclosing directors quote duties, he added. rnrnCommenting on …

Slipping

Treasury bonds continued to slide at this week quote s auction with three-year notes shedding three basis points to 14.30 percent, the Central Bank

Another Drop

The bank said the auction was oversubscribed with bids for Rs. 4.850 bn, but the bank offered and accepted bids for only Rs. 1.000 bn. rnrnThe weighted average …