Category: Policy
Sri Lanka RDA engineers write to PM over DG demotion
Sept 28, 2015 (LBO) – Sri Lanka’s Road Development Authority Engineers’ Association (RDAEA) has written to the Prime Minister regarding the demotion of the Director General of the RDA as they have not yet received a response from the President’s office, a union official said. “We have written to the President, and we had a […]
Central bank holds rates unchanged; private sector credit up 21 pct
Sept 25, 2015 (LBO) – Sri Lanka’s central bank held key interest rates unchanged on Monday despite credit to the private sector rising 21 percent due to low interest rates amid a further drop in foreign reserves. The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank were […]
Sri Lanka to construct houses for families affected by the conflict
Sep 24, 2015 (LBO) – Sri Lanka plans to call for proposals from interested local and foreign parties to build houses for families affected by conflict, the government’s media spokesman, Rajitha Senaratne, said. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy diflucan with best prices today in the USA […]
Monetary Policy should focus on Price Stability: IMF Study
Sep 21, 2015 (LBO) – Monetary policy should stick to its core mandate of price stability, and should deviate from its traditional role only if the benefits to the economy outweigh the costs, a new IMF study showed. Based on current knowledge, the case for using monetary policy to contain risks to financial stability—commonly referred to […]
Debt report: Sri Lanka market watchful after IMF comments
Sept 21, 2015 (LBO) – Sri Lanka’s debt market was watchful on Monday after International Monetary Fund remarks that the central bank could adopt a tightening bias. The bond market cramped up with thin trading, dealers said, as secondary yields of five year bonds ticked up slightly by 5 basis points. On Friday, the IMF […]
IMF says Sri Lanka monetary policy appropriate, aim for tightening bias
Sept 20, 2015 (LBO) – The International Monetary Fund believes Sri Lanka’s current monetary policy stance to be appropriate and the central bank should look to tighten monetary policy in the future, it said in a statement. online pharmacy buy abilify with best prices today in the USA buy abilify online https://qpharmacorp.com/wp-content/uploads/2023/08/png/abilify.html no prescription pharmacy […]
Expert view: Sri Lanka needs a global economic strategy, says Razeen Sally
A NEW GLOBAL ECONOMIC STRATEGY FOR SRI LANKA Razeen Sally Sri Lanka desperately needs a new global economic strategy, and that is what the government has promised. But this is not just about dry economics: it must be part of a broader strategy for national renewal. Sri Lanka needs a decisive shift to markets and […]
Sri Lanka’s cabinet decides policy on advisors
Sep 18, 2015 (LBO) – Sri Lanka’s Cabinet of Ministers has decided on policy with regard to appointment of advisors to the Cabinet and payment of their allowances, media spokesman, Minister Rajitha Senaratne had said. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy diflucan with best prices today in […]
No change! US holds interest rates unchanged
Sept 18, 2015 (LBO) – The U.S. held interest rates steady on Thursday after a two-day monetary policy meeting citing low inflation and uncertain global economic growth. The yield on 10-year U.S. Treasuries fell to 2.23 percent from 2.30 percent the previous day. The S&P index closed down 0.26 percent, while the Nikkei is now down […]
Bank of Japan holds rates flat despite economic contraction
Sept 16, 2015 (LBO) – The Bank of Japan held interest rates unchanged on Tuesday despite calls for further monetary policy easing from the central bank after a 0.3 percent contraction of the Japanese economy in the second quarter. The contraction follows a similar 0.3 percent contraction in the third quarter of last year. “Japan’s […]
‘s vehicle import bill, says Murtaza
Sept 15, 2015 (LBO) – A rash of credit-fueled vehicle imports is affecting Sri Lanka’s balance of payments at the moment. But the bigger problem is not addressing fundamental monetary and fiscal policy issues, says Murtaza Jafferjee, the chief executive at Colombo-based JB Securities. online pharmacy buy keflex with best prices today in the USA […]
Central Bank directs banks to reduce loan ratio on motor vehicles
Sept 15, 2015 (LBO) – Sri Lanka’s Central Bank has issued a directive to commercial banks, speciaized banks and financial institutions to reduce the loan to value (LTV) ratio to 70 percent in respect of loans granted for purchases or utilisation of motor vehicles. “The Central Bank of Sri Lanka has observed with concern the […]