Category: Economy and Markets
Sri Lanka peace hopes dim amid fresh row over venue: diplomats
Hopes for a revival of Sri Lanka’s peace process dimmed after Tamil Tiger rebels rejected a government offer to hold ice-breaking talks at an Asian venue hosted by Japan, diplomats said Sunday.Hopes for a revival of Sri Lanka’s peace process dimmed after Tamil Tiger rebels rejected a government offer to hold ice-breaking talks at an […]
‘s HNB goes for mammoth bond issue
Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs.1.31 billion in debt to top up its capital and fall in line with regulatory requirements. Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs. 1.31 billion in debt to top up its capital and fall in line with regulatory requirements. […]
Tigers reject Asian venue for Sri Lanka peace talks
Tamil Tiger rebels Saturday rejected a Sri Lankan offer to hold peace talks at an Asian venue and insisted that any negotiations must be in the capital of the peacebroker Norway.Tamil Tiger rebels Saturday rejected a Sri Lankan offer to hold peace talks at an Asian venue and insisted that any negotiations must be in […]
Sri Lanka monitors blame Tigers for chopper attack
Scandinavian ceasefire monitors in Sri Lanka blamed Tamil Tigers for shooting at an unarmed military helicopter earlier this week and said the attack seriously undermined the fragile truce.Scandinavian ceasefire monitors in Sri Lanka blamed Tamil Tigers for shooting at an unarmed military helicopter earlier this week and said the attack seriously undermined the fragile truce. […]
Tsunami disbursements are considered higher than usual aid disbursement
Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed.Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed. […]
Sri Lanka agrees to key rebel demand for peace talks abroad
The Sri Lankan government on Friday formally invited the Tamil Tigers to resume peace talks, saying it was “amenable” to a key guerrilla demand to hold negotiations abroad.The Sri Lankan government on Friday formally invited the Tamil Tigers to resume peace talks, saying it was “amenable” to a key guerrilla demand to hold negotiations abroad. […]
Norway says it will remain Sri Lankan peacemaker but on its own terms
HONG KONG, Dec 15 (AFP) – Norway’s foreign minister told his Sri Lankan counterpart Thursday that Oslo would continue trying to broker peace in the island’s long-running ethnic conflict, but only under strict conditions.HONG KONG, Dec 15 (AFP) – Norway’s foreign minister told his Sri Lankan counterpart Thursday that Oslo would continue trying to broker […]
‘s rating
Sri Lanka’s maiden sovereign rating has helped upgrade the island’s dominant telco, Sri Lanka Telecom, two international credit rating agencies said Wednesday. Sri Lanka’s maiden sovereign rating has helped upgrade the island’s dominant telco, Sri Lanka Telecom, two international credit rating agencies said Wednesday. New York based Standard & Poor’s Ratings Services revised its outlook […]
Sri Lanka’s borrowing costs flat
Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday.Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. The bank re-issued Rs. 9,988 million worth of bills, but […]
Sri Lankan chopper attacked
A Sri Lankan airforce helicopter came under attack Wednesday while on its way to the island’s restive eastern coast to pick up foreign diplomats, a military official said.A Sri Lankan airforce helicopter came under attack Wednesday while on its way to the island’s restive eastern coast to pick up foreign diplomats, a military official said. […]
Sri Lanka budget burdens larger companies
Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the government’s pro-poor focus also means higher taxes which could hit corporate profitability, analysts and investors said.Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the […]
‘s borrowing costs flat
Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday.Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. The bank re-issued Rs. 9,988 million worth of bills, but […]