Category:
Thinks Of Us
Forex licences are currently limited to licensed commercial banks and money brokers. rnrnFinancial Institutes like DFI quote s are currently barred from carrying out trade financing activities due to the lack of a forex licence. rnrnldblquote There is no reason why the commercial banks should be the only forex dealers. Licenses should be broad based […]
MICE Hunt
Driven by the belief that Sri Lanka can offer more than just leisure tourism, hard driven efforts are underway to harness the business community in attracting high spending corporate tourists. rnrnldblquote We need a collective effort from various industry sectors to go out and actively bid for Sri Lanka to handle regional and international conferences […]
Paskiquote s Theories
High non-performing loans of Bank of Ceylon quote s and Peoples Bank were highlighted as the cause for the high intervention cost in the local financial sector, at the Financial Reforms forum that ended today. rnrnldblquote Banking supervision could have been more forceful on state banks to control their lending to dubious projects dblquote , […]
Jeremy Here
Carter was in the island early last month to carry out a review of the government fiscal performance that will lead to the release of the next US$ 30 mn tranche. rnrnThe fund would release the funds after checking the budget due this Friday for the reforms mutually agreed between the government and IMF. rnrnDr. […]
Plugging The Hole
Tittawelle in his presentation about the role of the government at the financial reforms forum today, identified public service reforms and pension reforms as other key initiatives to bridge the fiscal deficit. rnrnContinues trend of budget deficits recorded during the past two decades has resulted in the mammoth public debt, which has a significant crowding […]
Wobble Start
The rupee wobbled sharply against the US dollar, following Central Bank quote s decision to cut its key short-term rates by 50 basis points this morning.
Hole In The Coffers
The Central Bank estimates state revenue at Rs.275 bn, while total debt servicing stands at Rs.300 bn, the bank quote s Superintendent Public Debt, Dharma Dheerasinghe told Lanka Business Online. rnrnHe said the bank is looking at introducing interest rate swaps, inflation linked bonds and short-term borrowings to tide through the crisis. rnrnPresently, interest payments […]
Debt Bank
A senior government official warned that the economy is in a silent crisis, which is evident in the balance sheets of the banks.rnArjuna Mahendran, BOI Chairman and a key player in the government economic think tank, unveiled a structure of a debt recovery agency called lquote Recovery and Collection Agency quote or RACA as a […]
Do Or Die
ldblquote Some of you will benefit, some won quote t, some will have to close down, but the country quote s economy will flourish as a result of the efficient financial sector dblquote , he said opening the curtain raiser of the top level Financial Sector Reforms Forum today. rnrnThe three-day forum has brought together […]
DEX Exchange
The Colombo Stock Exchange quote s (CSE) is putting the finishing touches to its long awaited debt trading system, which is due to make its debut next month.
Get Going
Issues ranging from market regulators incompetence to issues that are strangling the debt market, the insurance sector, the Central Bank quote s role, exchange control regulations will be hotly debated over the three day conference starting March 18. rnrnThe absence of a long-term bond market, which will resolve the current maturity mismatches between loans and […]
Clean Slate
A top rung Economists is suggesting the government converts one of the two state owned commercial banks to a Non-Performing Loan (NPL) management agency in view of clearing the local financial sectors financial overhang. rnrnldblquote Most Sri Lankan banks cannot provide the risk capital or seed capital to high potential businesses because of their bad […]