Category: Economy and Markets
Central Bank says incomes of rich people grew faster over the last five years
Central Bank says incomes of rich people grew faster over the last five years.Central Bank says incomes of rich people grew faster over the last five years. The bank, which released preliminary findings of its consumer finance and socio-economic survey, says living conditions and real incomes have however, improved across the board. “That the rich […]
The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders
The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders.The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders. The government has already issued US$ […]
Govt. ramining stakes in NDB, Lanka Cement and Ceylon Shipping Agencies up for sale
The Government’s privatization arm has added a fresh set of minority stakes including parcels in NDB, Lanka Cement and Ceylon Shipping Agencies, to its list of passive investments for sale.The list included stakes in Galadari Hotels, Commercial Bank, Ceylon Agro Industries and shares in the plantation sector. Shareholding in quoted companies in the list, at […]
Norway relieves Sri Lanka’s debt burden with a million dollar grant to partially repay loans owed to the World Bank
Sri Lanka has tapped Norwegian government’s generosity for a US$ 1.13 mn grant to settle part of its debts owed to the World Bank. Sri Lanka has tapped Norwegian government’s generosity for a US$ 1.13 mn grant to settle part of its debts owed to the World Bank. The grant has been provided to a […]
Sri Lanka picks up US$ 80 mn to develop North and East
Sri Lanka picked up US$ 80 mn from the Asian Development Bank (ADB) as part of a second tranche to develop rehabilitation needs of nearly two million people affected in the North and East.Sri Lanka picked up US$ 80 mn from the Asian Development Bank (ADB) as part of a second tranche to develop rehabilitation […]
Sri Lanka is counting on its migrant workers to remit extra funds for the festive season together with dollar inflows to ease its cash crunch this Christmas
Sri Lanka is counting on its migrant workers to remit extra funds for the festive season together with dollar inflows to ease its cash crunch this Christmas.Sri Lanka is counting on its migrant workers to remit extra funds for the festive season together with dollar inflows to ease its cash crunch this Christmas. The island […]
Sri Lanka in new statute crisis over jailing of MP
Sri Lanka was plunged Wednesday into a constitutional crisis over the jailing of a key opposition MP, prompting calls for parliament to assert its power over the judiciary.Sri Lanka was plunged Wednesday into a constitutional crisis over the jailing of a key opposition MP, prompting calls for parliament to assert its power over the judiciary. […]
Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said
Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Central Bank’s policy rate is 9.00 per cent, but some banks […]
Former Sri Lanka minister jailed for two years for contempt
Sri Lanka’s Supreme Court on Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt after he made a speech critical of judges.Sri Lanka’s Supreme Court on Tuesday jailed former agriculture minister and leading opposition figure S. B. Dissanayake for contempt after he made a speech critical of judges. Dissanayake, who is […]
Sri Lanka parliament in uproar after jailing of opposition MP
Sri Lanka’s Supreme Court Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt, sparking angry protests in the national parliament Sri Lanka’s Supreme Court Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt, sparking angry protests in the national parliament Dissanayake, who is also a legislator from […]
IMF May Resume Loan
The International Monetary Fund could resume discussions with the Sri Lankan government on stalled concessional loans soon, but the lender will want to see the government’s revised plan on reducing poverty first, a senior official said.The International Monetary Fund could resume discussions with the Sri Lankan government on stalled concessional loans soon, but the lender […]
‘s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said
Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Central Bank’s policy rate is 9.00 per cent, but some banks […]