Author: lbostgadmin
Colombo Stock Exchange tours Australia
The Colombo Stock Exchange will go on tour to Australia and New Zealand, trying to convince potential investors to cash in on Asia’s best performing market. The Colombo Stock Exchange will go on tour to Australia and New Zealand, trying to convince potential investors to cash in on Asia’s best performing market. The Investor Road […]
Dial Up
Singapore Telecom’s local venture on Wednesday rolled out retail internet solutions, building up for potential growth in Sri Lanka’s IT market.Singapore Telecom’s local venture on Wednesday rolled out retail internet solutions, building up for potential growth in Sri Lanka’s IT market. LankaCom however says regulatory and a lack of access to fixed line operators infrastructure […]
Who Cares?
Central Bank on right track; Treasury caught lying! Those of you regular readers might recall my congratulatory message to the Central Bank a couple of months back for standing their ground and tightening monetary policy at long last. Central Bank on right track; Treasury caught lying! Those of you regular readers might recall my congratulatory […]
Tea Auction Update: CTC tea prices pick up
CTC tea prices are picking up again after a four month lull, with winter buying nearing and quality levels improving. Sri Lanka’s long April and May holiday season is blamed, which annually contributes to a quality drop and a subsequent backlog of made teas.CTC tea prices were at Rs. 154 at this week’s auction, down […]
Sri Lanka moves closer to maiden foreign bond
The Sri Lankan government is closer to launching a maiden bond issue in international debt markets than at anytime in recent years. The Sri Lankan government is closer to launching a maiden bond issue in international debt markets than at anytime in recent years. Some market participants say the offering, which would refinance the government’s […]
No Room
Sri Lanka’s Ministry of Health is trying to broad base mental health treatment facilities, because mental hospitals have run out of room.Sri Lanka’s Ministry of Health is trying to broad base mental health treatment facilities, because mental hospitals have run out of room. “We are trying to open hospitals in the periphery and at least […]
Weak Signals
Fixed line giant Sri Lanka Telecom reported a 55 percent drop in its after tax profits, on the back of higher operating costs and provisions to the telecom development fund. Fixed line giant Sri Lanka Telecom reported a 55 percent drop in its after tax profits, on the back of higher operating costs and provisions […]
Guinea Pigs
State-run Bank of Ceylon has picked up the mandate to manage surplus government cash in excess of Rs. 10 billion, Treasury Secretary said Wednesday. State-run Bank of Ceylon has picked up the mandate to manage surplus government cash in excess of Rs. 10 billion, Treasury Secretary said Wednesday. The surplus funds of government corporations are […]
Sri Lanka takes stock on total debt profile
Sri Lanka hopes to use its upcoming sovereign rating to retire some old expensive foreign currency debt and streamline its borrowing programme, Treasury Secretary said Wednesday. Sri Lanka hopes to use its upcoming sovereign rating to retire some old expensive foreign currency debt and streamline its borrowing programme, Treasury Secretary said Wednesday. The island nation […]
Sri Lanka hopes to keep budget gap below 9%
The Sri Lankan government expects its budget deficit to be less than 9% of gross domestic product in 2005, helped by steady revenue growth, the country’s treasury secretary said Wednesday.The Sri Lankan government expects its budget deficit to be less than 9% of gross domestic product in 2005, helped by steady revenue growth, the country’s […]
Laughing Gas
Laugfs Gas will cut Rs. 101 off its 12.5 kg retail cylinder price, after the Govt., last week removed the 15% VAT Value Added Tax) on Liquid Petroleum Gas (LPG).Laugfs Gas will cut Rs. 101 off its 12.5 kg retail cylinder price, after the Govt., last week removed the 15% VAT Value Added Tax) on […]
Tighten Belts
Asia will feel the weight of economic adjustments in China and the US, warns Asian banking giant HSBC.Asia will feel the weight of economic adjustments in China and the US, warns Asian banking giant HSBC. Addressing the local business community in Sri Lanka, HSBC’s chief economist for the Asia Pacific region, Arup Raha said monetary […]