Borrowing Spree
A series of Reconstruction bonds are due to hit the market later this year, while the remaining US$ 91.5 mn of the US$ 250 mn development bonds will be issued …
Economy & Markets
Final Issue
The two-year bond will be linked to the six months London interbank offered rate or LIBOR. rn rnThe government last year said it was raising up to US$ 250 mn …
Hard Talk
ldblquote It is vital that fiscal programme remains on track to ensure that the overall budget target of 8.5 percent of GDP is not exceeded, while protecting …
New Faces
There has been a positive response to Central Bank quote s call to expand the government securities market by issuing new licences.rn rnThe bank quote s …
Restoring Jaffna
rnSri Lanka quote s top trade chamber, the Ceylon Chamber of Commerce, has identified three priority areas for development by the private sector, on a …
Moving On
The Central Bank cut its key short-term discount rate by lowering the overnight reverse repurchase rate (reverse repo) by ten basis points to 13.75 percent …
Slower Pick Up
The bank said the deficit for the first quarter shrank 18.5 percent to US$ 277 mn from US$ 340 mn recorded in the same period 2001. rnrnExport earnings for the …
Rising Prices
Increasing food prices pushed the Colombo District Consumer Price Index up by 6.5 per cent (point to point) to 137.9 from 137.1 in
Colombo Venue
Held for the first time in Sri Lanka, the forum brings together donor countries and lending agencies. rnrnUnlike the earlier Paris Aid group meetings, the …
Full Throttle
The government quote s residual stakes in sugar plantations have been completed. Preparation work on disposing minority stakes in Lanka Marine Services (LMS), …
Cautious Nod
But IMF quote s Deputy Managing Director Shigemitsu Sugisaki warned that promised structural reforms have to be stepped up if the country is to achieve a 6 …
Sugisaki Coming
Shigemitsu Sugisaki, is the most senior official dealing with Sri Lanka, will arrive on Tuesday for a two-day visit, the Central Bank said today. rnThe IMF …
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 …
Money Cleansing
rnMinister Bandula Goonerwardene at the Cabinet press briefing today said the government hoped to utilize the funds to boost local investments. The proposed …
Terror Treasure
Proceeds from the auction will be used as seed capital for the proposed Youth Corps, Minister Bandula Goonerwardene said. rn rnThe Gold collection, which …
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 …
Trading Bonds
ldblquote To minimize the overdraft we are hoping to securities the debt on a piecemeal basis, dblquote Superintendent Public Debt, Dharma Dheerasinghe told …
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 …
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 …
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 …