Economy & Markets

Rate Cut

The Central Bank on Friday cut key short-term rates by 100 basis points in line with the bank quote s new policy of making regular changes to its key discount …

Official Nod

A top Central Bank official said that cabinet has already approved the issue as part of the government quote s borrowing programme for 2002. rnThe exact …

Debt For Capital

The bank quote s capital adequacy ratio stands at little over 9 percent, which is just short of the minimum 10 percent criteria Central Bank plans to implement …

Brushing Up

Mopping up past mistakes and infusing fresh discipline in the 225 state owned enterprises, a mandatory Code of Best Practices in Corporate Governance has …

Queuing Up

Central Bank officials say J P Morgan, HSBC and Solomon Smith Barney the investment-banking arm of Citi Group have expressed interest to raise up to US$ 400 mn …

Little Push

The Central Bank quote s Public Debt Dept. has issued strict guidelines to putting minimum limits for primary dealers to bid at treasury bond …

Second Bout

Sri Lanka is pushing for trade in services including tourism, shipping, software, agriculture and port development to be included under the FTA. rnSri Lanka …

Revving Up

Despite a dismal 0.1 percent growth in the first quarter, Central Bank quote s Deputy Governor P M Nagahawatte says the economy is on target to achieve a 3.7 …

Full House

The Central Bank says the response was phenomenon, but stopped short from disclosing how much of bids it received. rnrnThe US$ 91.5 mn of the US$ 250 mn issue …

Closer Look

The suggestion that a post-implementation review (PIR) mechanism be put in place was mooted at the recent development forum held in Colombo. rnrnServing a kind …

Long Term Dues

Superintendent Public Debt, Dharma Dheerasinghe told Lanka Business Online that the bank hopes to offer around Rs. 1.5 bn at the initial issue. rnrnThe bond is …

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 …

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 …

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 …

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 …