Bond 002
After a two-year hiatus, the government is tapping the international debt market to raise US$ 250 mn, to bridge the budget deficit.The Sri Lanka Development …
Economy & Markets
Peace Please
Sri Lanka needs to return to the negotiating table with the LTTE to untangle US$ 4.5 billion in international aid, but talks with the Tamil rebel faction still …
Flat
Treasury Bill rates remained flat at Wednesdays auction due to excess liquidity in the money market and a steady outlook for short-term interest rates.The …
Rowing Together
President Chandrika Kumaratungas minority government secured the deputy speakers post in Parliament on Tuesday after the main opposition party offered no …
Looking Good
Sampath Bank on Monday secured an A+ (sri) for its long-term debt and an A (sri) rating for its four-year debenture issue from Fitch Ratings.An A+ (sri) rating …
Pow-Wow
A Japanese envoy will meet with Tamil Tiger leaders in thernrebel-held town of Kilinochchi on Tuesday to discuss Sri Lankas efforts tornend a two decade civil …
Bonding Asia
The Asian Development Bank (ADB) today launched AsianBondsOnline, a one-stop clearing house of information on the rapidly growing sovereign and corporate bond …
Knock Knock
The Colombo Stock Exchange is seeking donor funds to kick-start the derivatives market.The Asian Development Bank (ADB) had earlier helped out with a …
Not For Sale
Sri Lanka will terminate a divestment program initiated by the previous government, the treasury secretary said Friday.But the new government headed by …
Chief Troubleshooter
Sri Lanka Friday named a former United Nations disarmament chief to spearhead new peace talks with Tamil Tiger rebels.Jayantha Dhanapala, a UN undersecretary …
Sweet Music
Cabinet spokesman, Reginald Cooray says the sweeteners are aimed at those who have put in a minimum five-years of service.rnrnCooray said those who put in …
Checkpoint
Relations between the police and the public are in the dumps. In fact Sri Lankans see the police as the most corrupt public institution in the country. Now …
Slight Tremor
Treasury bill rates perked up at this weeks auction, ahead of the Central Banks monthly Monetary Policy meeting on Thursday.Three month paper rose two basis …
Face To Face
Norways foreign minister met with the top Tamil Tigerrnleader Tuesday in efforts to revive peace talks between the Sri Lankanrngovernment and the guerrillas …
Closing The Gap
Sri Lankas trade deficit for February contracted marginally, on the back of a lower import bill and a drop in apparel sector revenues, the Central Bank said …
Building Up
Sri Lankas foreign reserves took a 2.2 percent dip in February, slightly above a 5.7 percent drop in January 2004, according to latest data released by the …
Spadework
Prime Minister Mahinda Rajapakse, has told the BBC that peace talks with Tamil Tigers rebels will resume before the end of July.Rajapakse told the BBC Sinhala …
At Your Service
The services sector made the biggest contribution to economic growth last year.The sector that accounted for a little over forty percent of economic activity …
Dim View
Suspected Tamil Tigers shot dead a soldier in eastern Sri Lanka after the rebels warned that Norways renewed efforts to broker peace in the island were in …
U Too
Top donors like the World Bank and the IMF say Constitutional reforms without a two-third majority in the parliament will not affect their lending program to …