Tue, 28 Sep 2021 Today's Paper

CB has misled the Govt. again

13 March 2019 09:06 am - 0     - {{hitsCtrl.values.hits}}

A A A

By Yohan Perera and 
Ajith Siriwardana  
The Central Bank has once again misled the government by inducing it to go for International Sovereign Bonds (ISB) amounting to US$3.5 million at an interest rate of 8.5%, Minister Ravi Karunanayake told Parliament yesterday.


Taking part in the debate on the second reading of the Budget, he said the rates at which Sri Lanka had issued ISBs were high when compared to several other countries in the region.   


The minister said Malaysia had issued ISBs at 3.75 per cent and Thailand 2.5 per cent.  


“Sri Lanka could have gone for a rate less than five per cent if the CB had not mishandled the economy,” he said.  


Responding to a question asked by JVP MP Anura Kumara Dissanayake whether he did not raise this matter in the Cabinet, the minister said he did not.  
Meanwhile, the minister called for the setting up of common corridors to avoid excess expenses when providing infrastructure facilities.   


“The condition of the roads in Colombo has become worse than the ones in the outstations. We see the roads being constantly dug up to lay pipelines and dug up again to lay power lines. Such work cost the country a huge amount of funds. This is a key area which the Government has to keep in mind to better manage the economy,” he said.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


A state-sponsored elephant racket in the works

A controversial new gazette has been issued seeking to employ elephants for w

Waiver of registration questioned: Import of covid related drugs, products shrouded in controversy

The National Medicines Regulatory Authority- the independent authority that r

Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India