Economy & Markets

North Bound

rnWith investor interest in the area perking up, development projects are beginning to get underway with road rehabilitation and water/sanitation projects, …

Act Now

Ajantha Madurapperum also called for proactive measures to prevent a liquidity shortfall in the festive month of April. rnrnThe Central Bank cut its discount …

Double Issue

The company plans to use the funds to help finance its two power projects in Matara and Horana. rnThe group will issue Rs. 200 mn worth of two-year …

Tall Order

The accord sets out specific time bound targets including detailed mechanism to monitor progress and also represents ADB quote s long-term commitment to Sri …

Poor Outlook

ldblquote 2001 was one of the worst years in terms of economic performance. Poor monetary and fiscal management was compounded by a series of external and …

Helping Hand

The Manila based bank, which funded economic development and poverty alleviation projects worth US$ 2.7 bn during its 34 years stint in Sri Lanka, has already …

Mini Rally

The rupee depreciated by around 20cts from Rs. 94.70 to Rs. 94.90 against the greenback, during the mid-day trading today. rnrnThe Central Bank has yesterday …

Decreasing

The bank said it offered and accepted bids for Rs. 5.569 bn. rnrnThree-month notes slipped six basis points to 12.66 percent, six month treasuries dropped …

Slipping

The bank said it offered and accepted bids for Rs. 500 mn. rnrnThe weighted average yield dropped to 13.73 percent from 14.94 percent recorded in the previous …

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 …

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 …

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 …