The Monetary Board at a meeting on Friday decided to
permit foreign investment in the Treasury Bill market limiting such
investment to 10% of the Bills in issue in a move that is expected to push
down interest rates and free capital for local investment, a senior
Central Bank official said yesterday.The bank in February last year
liberalized the bond market permitting foreign investment first up to
5% of the Treasury Bonds in issue and later raising this limit to 10%
of the bonds in issue...
Top security plan for
Eastern Provincial election
With barely a week away from the May 10th first ever polls
for the Eastern Provincial council (EPC) a strategic security plan on the
advise of the secretary of Defence Col (Retd) Gotabya Rajapaksa had been
put into...
Devananda pledges political
leadership to develop North
Minister Douglas Devananda, the leader of the EPDP and Chairman of the
Special Advisory Committee for the Northern Province yesterday said he
would give political leadership and guidance to all community
oriented...
