Finance News Archive
21-Aug-2005
- 'Govt keen to enhance efficiency of State sector - Finance Minister (Daily News) Finance Minister Dr. Sarath Amunugama reiterates that the Government will take all measures to consolidate the State sector by enhancing its efficiency through sound management skills, instead of privatising State-owned institutions.
- 'Finance Ministry agrees to amend tax laws ? Fund of Funds to be categorised into equity, debt (The Hindu) THE Fund of Funds (FoF) segment of the mutual fund industry could soon get a boost with Ministry of Finance agreeing to permit categorisation of such mother funds into "equity-oriented" and "debt-oriented" funds for taxation purposes.
- 'Brazil finance min accused of getting kickbacks (Reuters via Yahoo! News) An ex-aide to Brazil's finance minister accused his former boss on Friday of receiving kickbacks when he was a mayor, stoking the political crisis surrounding President Luiz Inacio Lula da Silva's government.
- 'Finance, BOC see sharp rise in oil smuggling cases (INQ7money.net) THE DEPARTMENT of Finance and the Bureau of Customs are closing ranks to thwart attempts to smuggle oil products given the unabated rise in the world market prices of crude oil.
- 'Finance Ministry still waiting on budget documents (Trinidad Express) SEVERAL documents critical for preparation of the 2005/2006 national budget are still not available to the Ministry of Finance, the Sunday Express understands.
- 'Finance Department nixes $5 coin proposal to help Olympic athletes (Canadian Press via Yahoo! News) OTTAWA (CP) - The federal government has backed off from a proposal to replace Canada's $5 paper currency with a more economical $5 coin and use the savings to help fund the country's Olympic athletes.
- 'Emerging debt to firm on bonds, Brazil (Reuters via Yahoo! News) Emerging government debt spreads are likely to tighten this week as U.S. Treasuries continue to firm while Brazil's market-friendly Finance minister keeps his post amid a bribery scandal.