Author: LBO
Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes
Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes.Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes. […]
Sri Lanka’s peace bid suffers fresh blow from killing spree
A weekend killing spree has compounded problems for Sri Lanka’s already troubled peace process and dimmed prospects of a deal on tsunami aid, diplomats and officials said Sunday.A weekend killing spree has compounded problems for Sri Lanka’s already troubled peace process and dimmed prospects of a deal on tsunami aid, diplomats and officials said Sunday. […]
Sri Lanka’s 2004 trade deficit widens by US$ 677 mn, dragged down by a 44% jump in oil import bill
Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import bill cost the cashed starved treasury an extra US$ 372 mn, the Central Bank said Monday.Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import […]
IMF: Rebuilding to pressure Sri Lanka ’05 fiscal outlook
Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said.Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said. “Lower tourism receipts and a reconstruction-related […]
Sri Lanka on alert ahead of ex-US presidents’ visit
Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said.Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said. Bush and Clinton will arrive in […]
VSNL Lanka links HSBC’s Colombo call centre with a 45 megabits per second data line
Telco operator India’s VSNL, connected HSBC’s Sri Lankan call centre with a 45 mega bits per second data line last week, in a deal worth US$ 30,000 per month.Telco operator India’s VSNL, connected HSBC’s Sri Lankan call centre with a 45 mega bits per second data line last week, in a deal worth US$ 30,000 […]
A Visit to the Former ‘Tsunami Capital’
The sign below an exhibit at the Pacific Tsunami Museum in Hilo, Hawaii, claims that Hilo is ‘the tsunami capital of the world.‘ Dr George D. Curtis, the scientific advisor to the museum, covered that sign with his hand and said quietly, ‘now, we’ll have to change that.‘ That is just one of the things […]
Tsunami a blessing in disguise for Sri Lanka’s economy
The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which had been heading for a major catastrophe, according to analysts.The Indian Ocean tsunamis killed 31,000 people in Sri Lanka and caused unprecedented damage, but were also a blessing to its economy which […]
Sri Lanka’s ruling Marxists demand probe on foreign tsunami volunteers
Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused Tiger rebels of importing war-machinery under the guise of aid.Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused […]
Help ’em
The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. Humanitarian […]
Sri Lanka’s trade deficit continues to run wild, egged on by hefty petroleum bills
Despite introducing hefty taxes to curb imports of non-essential items like motor vehicles, Sri Lanka’s trade deficit continued to run wild, egged on by hefty petroleum and investment goods bills, the Central Bank said Thu.Despite introducing hefty taxes to curb imports of non-essential items like motor vehicles, Sri Lanka’s trade deficit continued to run wild, […]
Trick ‘n Treat
Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up over US$ 500 mn in additional loans in the coming weeks, a joint statement said Tue.Top multilateral donors who are drawing up new financing plans for Sri Lanka’s post-tsunami period are due to stump up […]