Category:
Monopoly Money
Over 6 billion notes and nearly 40 billion coins have been distributed to banks, retail shops, and cash machines, which begin dispensing the new currency at 1100GMT.Early indications are that the huge logistical task of distributing the new currency has gone relatively smoothly, with little evidence of either counterfeiting or price rises. The Euro is […]
New Year Resolutions
The government is currently developing an economic policy metrics and plans to present it to donor agencies, to start the Rs. 500 bn Poverty Reduction Growth Facility Programme (PRGF) by June this year, Economic Reforms, Science & Technology Minister Milinda Moragoda said.rnrnPRGF is a reform oriented country assistance program, which is jointly funded by both […]
Ugly Politics
The latest trade union action raised serious concerns among banking sector analysts quote who were critical about the lack pf professional independence for top management at state banks. Prime Minister Ranil Wickramasinghe and Secretary Treasury Charitha Ratwatte are expected to meet JSS officials today to diffuse the situation. rnrnJSS officials were not available for comment […]