Author: lbostgadmin
Power Meeting
An agreement for Sri Lanka’s first coal power plant will be signed in China in end August. President Chandrika Bandaranaike Kumaratunga will sign an agreement for Sri Lanka’s first coal power plant during her visit to China in end August, said Cabinet spokesperson Nimal Siripala de Silva. The US$ 94,500 agreement will cover the first […]
‘s Through
Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels.Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels. The assembly voted 124 for and 21 against extending the […]
Crowding Out
Sri Lanka to recall its retired centralised public transport service back on to the roads, to crowd out unruly private buses.Sri Lanka to recall its retired centralised public transport service back on to the roads, to crowd out unruly private buses. Cabinet Spokesman Nimal Siripala de Silva told journalists on Thursday that the Cabinet had […]
Sri Lanka to extend emergency as Norway holds talks on peace process
Sri Lanka’s president called for a month’s extension of a state of emergency to give police and troops greater powers to hunt down the assassins of the country’s foreign minister.Sri Lanka’s president called for a month’s extension of a state of emergency to give police and troops greater powers to hunt down the assassins of […]
Norway asked to tame Tigers to protect Sri Lankan ceasefire
Sri Lanka has asked peacebroker Norway to get Tamil rebels to accept new measures to safeguard a ceasefire threatened by the killing of the island’s foreign minister, an official source said Wednesday. Sri Lanka has asked peacebroker Norway to get Tamil rebels to accept new measures to safeguard a ceasefire threatened by the killing of […]
Dim View
Sri Lanka’s Supreme Court blocking a land-mark aid sharing deal among the island’s warring parties is seen by diplomats and analysts as the worst setback for the already faltering peace process. Sri Lanka’s Supreme Court blocking a land-mark aid sharing deal among the island’s warring parties is seen by diplomats and analysts as the worst […]
Export Block
New Gulf policies to reduce domestic unemployment could impact countries like Sri Lanka, says the International Organisation for Migration (IOM).New Gulf policies to reduce domestic unemployment could impact countries like Sri Lanka, says the International Organisation for Migration (IOM). The IOM’s World Migration Report 2005, that analyses the global movement of people, notes that recent […]
Easy Prey
State-run National Savings Bank’s credit profile could take a beating if the government continues to pump in low interest bearing rupee loans, Fitch Ratings Lanka said in a report on Wednesday.State-run National Savings Bank’s credit profile could take a beating if the government continues to pump in low interest bearing rupee loans, Fitch Ratings Lanka […]
Sri Lanka holds key rate to assist economic recovery
Sri Lanka’s Central Bank left its key policy rates unchanged on Wednesday to help the island’s continued economic recovery from last year’s tsunami.Sri Lanka’s Central Bank left its key policy rates unchanged on Wednesday to help the island’s continued economic recovery from last year’s tsunami. The repurchase rate at which it drains money from the […]
‘s inflation
Despite ad hoc attempts to tame inflation through populist measures, soaring international crude prices could prompt Sri Lanka’s Central Bank to think long and hard about hiking short-term rates next month, market watchers said Wednesday. Despite ad hoc attempts to tame inflation through populist measures, soaring international crude prices could prompt Sri Lanka’s Central Bank […]
Sri Lanka ‘safe and calm’ for travellers
Sri Lanka says the island “safe and calm” for visitors following last Friday’s assassination of Foreign Minister Lakshman Kadirgamar, and urged tourists not to cancel travel plans.Sri Lanka says the island “safe and calm” for visitors following last Friday’s assassination of Foreign Minister Lakshman Kadirgamar, and urged tourists not to cancel travel plans. Top Cabinet […]
‘s policy rate announcement
Sri Lanka’s treasury yields kept its upward momentum ahead of Wednesday’s monetary policy review announcement. Sri Lanka’s treasury yields kept its upward momentum ahead of Wednesday’s monetary policy review announcement. The Central Bank said it sold one year treasury notes at a yield of 9.41 percent, slightly up from last week’s 9.39 percent. Yields for […]