Author: lbostgadmin
Sailors Bond
Sri Lanka Ports Authority is considering a dollar bond issue this year to fund the initial phase of the proposed Colombo South harbour project.Sri Lanka Ports Authority is considering a dollar bond issue this year to fund the initial phase of the proposed Colombo South harbour project. The port needs to raise over US$ 200 […]
Japan agrees to defer payments on US$ 225 mn due in 2005
Japan on Tuesday confirmed Sri Lanka’s calls to postpone up to US$ 220 mn in loans owed to the East Asian development partner this year.Japan on Tuesday confirmed Sri Lanka’s calls to postpone up to US$ 220 mn in loans owed to the East Asian development partner this year. The total US$ 225 mn debt […]
Farmers get land for homes, farming land next on list
The Agriculture Ministry say over 140,000 farming families in Sri Lanka are landless, with not even a few perches to build a house.The Agriculture Ministry say over 140,000 farming families in Sri Lanka are landless, with not even a few perches to build a house. A new initiative hopes to distribute a minimum 6 perches […]
Tigers push for tsunami deal with Sri Lankan government
Tamil Tiger rebels Thursday pushed for “serious engagement” with Sri Lanka’s government to share billions of dollars of tsunami aid despite official fears that such a deal threatens the president’s life.Tamil Tiger rebels Thursday pushed for “serious engagement” with Sri Lanka’s government to share billions of dollars of tsunami aid despite official fears that such […]
Foreign donors dangle cash carrot to push peace in Sri Lanka
An increased foreign aid offer of three billion dollars for Sri Lanka’s tsunami recovery is mainly aimed at pushing Colombo and Tamil Tiger rebels to salvage their peace talks, diplomats said Wednesday.An increased foreign aid offer of three billion dollars for Sri Lanka’s tsunami recovery is mainly aimed at pushing Colombo and Tamil Tiger rebels […]
Southern Sail
Sri Lanka is in talks with Chine to fund a US$ 90 mn tank farm in Hambantota – the first phase of a proposed mega port development in the South of the island. Sri Lanka is in talks with Chine to fund a US$ 90 mn tank farm in Hambantota – the first phase of […]
Temp Jobs
Sri Lanka will import air traffic controllers from neighbouring India to prevent a shutdown of international flights in case local unions strike, the airport chief said Thursday.Sri Lanka will import air traffic controllers from neighbouring India to prevent a shutdown of international flights in case local unions strike, the airport chief said Thursday. A handful […]
Burning Issues
National carrier SriLankan Airlines is hoping international jet fuel prices will cool off this month as it launches thrice weekly services to Beijing China from June 15.National carrier SriLankan Airlines is hoping international jet fuel prices will cool off this month as it launches thrice weekly services to Beijing China from June 15. Fuel accounts […]
Fly Over
The US to do feasibility for Sri Lanka’s second international airport located in the South of the island, says Minister of Ports and Aviation Mangala Samaraweera.The US to do feasibility for Sri Lanka’s second international airport located in the South of the island, says Minister of Ports and Aviation Mangala Samaraweera. “The US Trade and […]
Foreign aid absorption to increase by 18 percent in 2005
Sri Lanka hopes to increase foreign aid absorption by about 18 percent this year, compared to utilisation in 2004, to accommodate tsunami aid inflows.Sri Lanka hopes to increase foreign aid absorption by about 18 percent this year, compared to utilisation in 2004, to accommodate tsunami aid inflows. “The public investment programme for this year is […]
Donors add US$ 500 mn to pledges taking total to over US$ 3 bn
The Kandy donor parley closed two days of dialog on Tuesday adding over US$ 500 mn in new commitments.The Kandy donor parley closed two days of dialog on Tuesday adding over US$ 500 mn in new commitments. The new pledges top up US$ 2.5 bn in tsunami aid and debt relief pledged already. The funds […]
The country’s first Millennium Development Goals Report, presented to Sri Lanka’s bilateral and multilateral donors, shows that strides in health and education, the island will miss targets to halve poverty by 2015.
Sri Lanka is falling behind on social sector gains and unemployment and poverty rises in tsunami and conflict hit areas, warns a UN report released during Tuesday’s aid parley. Sri Lanka is falling behind on social sector gains and unemployment and poverty rises in tsunami and conflict hit areas, warns a UN report released during […]