Category: Economy and Markets
Cutting Red Tape – Budget Update1
Finance Minister K N Choksy officially said the economy contracted by 1.3 percent during 2001. rnrnHe outlined a range of measures that the government plans to streamline in its quest for revive the economy. rnA new Commissioner General is to be appointed to contain defence expenditure, which currently accounts for 20 percent of the total […]
New Paint — Budget Update 3
Finance Minister K N Choksy told parliament that the bonds will be issued in both rupee and US dollar denominations. online pharmacy buy abilify with best prices today in the USA buy naprosyn online https://www.dentalcosmetix.com/wp-content/uploads/2022/08/png/naprosyn.html no prescription pharmacy rnrnDollar denominated bonds will be limited to non-resident Sri Lankans, while the local investors will be able […]
Moving On
The reversal comes after the bank raised the reverse repo rate by 10 basis points on Thursday in line with the bank quote s new policy of making regular changes to its key discount rates, to make it more responsive to market developments. buy lexapro online http://abucm.org/assets/pdf/lexapro.html no prescription pharmacy rnThe bank on Wednesday cut […]
Shifting Direction
The Central Bank revised its short term discount rate today by raising the reverse repurchase rate (reverse repo) to 13.6 percent, from 13.5 percent.
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 […]
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. buy champix online https://www.islington-chiropractic.co.uk/wp-content/uploads/2022/08/png/champix.html no prescription pharmacy rnrnThe fund would release the funds after checking the budget due this Friday for the reforms mutually […]
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. buy zithromax online zithromax online generic buy elavil online buy elavil online no prescription rnrnldblquote Banking supervision could have been […]
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.
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 […]
Hole In The Coffers
The Central Bank estimates state revenue at Rs. online pharmacy buy abilify with best prices today in the USA 275 bn, while total debt servicing stands at Rs. buy stromectol online https://www.dentalcosmetix.com/wp-content/uploads/2022/08/png/stromectol.html no prescription pharmacy 300 bn, the bank quote s Superintendent Public Debt, Dharma Dheerasinghe told Lanka Business Online. rnrnHe said the bank is […]
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.
North Bound
rnWith investor interest in the area perking up, development projects are beginning to get underway with road rehabilitation and water/sanitation projects, among those high on the agenda.rn rnIn addition to four large-scale industries in the area, there are a total of 3548 industrial units in the area employing some 15,000 people.rn rnMost of these are […]