Category: Economy and Markets
Clearance Sale
Government is planning to restructure its loss making food retailer endash Cooperative Wholesale Establish endash to return it to profitability in the next two years, for an eventual public listing. CWE has accumulated Rs. 8.2 bn in losses during the past few years, arising from politically motivated pricing policies and low management efficiency. Consumer Affairs […]
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 […]
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 […]