Tag: lbo
Sri Lanka’s September inflation dips
Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday.Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. The twelve […]
Oil Spurt
Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity at its Sapugaskanda refinery and save on its fuel bill.Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity […]
The US will defer Sri Lanka’s debt for a year as tsunami bonus
The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building.The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building. “The deferred […]
‘s debt for a year as tsunami bonus
The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building.The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building. “The deferred […]
Foreign investments bypassing paradise isle
Foreign investments bypassing paradise isle, despite preferential trade access to major world markets. Sri Lanka’s investment promotion agency, the Board Of Investment (BOI), says foreign investment is not flowing into the island, despite preferential access into two of the world’s largest markets – India, and the EU. “Investment into Sri Lanka has been stagnating for […]
‘s getting richer says the Central Bank
Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to expand Sri Lanka’s second quarter economy, the country’s Central Bank said Friday.Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to […]
Green Power
Renewable energy player Vidulanka Ltd plans to tap the capital markets next year to raise around Rs.265 million to fund upcoming power projects, officials said Wednesday.Renewable energy player Vidulanka Ltd plans to tap the capital markets next year to raise around Rs. 265 million to fund upcoming power projects, officials said Wednesday. The power producer […]
Sri Lanka’s main opposition party plans to splash millions on welfare subsidies and ban dowries
Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer year-end bonuses to public servants and splash out billions of rupees by way of welfare subsidies, if it wins the November presidential poll, its leader said Tuesday. Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer […]
The EU considers banning the LTTE – cracks down on illlegal fund raising
The European Union said Monday that it may ban the LTTE and will no longer receive any Tamil Tiger delegation in its member states until further notice.The European Union said Monday that it may ban the LTTE and will no longer receive any Tamil Tiger delegation in its member states until further notice. “The European […]
‘s main opposition party plans to splash millions on welfare subsidies and ban dowries
Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer year-end bonuses to public servants and splash out billions of rupees by way of welfare subsidies, if it wins the November presidential poll, its leader said Tuesday. Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer […]
‘s Got the Power?
Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General Manager for his conduct.Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General […]
Sloth Rate
Sri Lanka moves up three positions in the World Human Development tables, but income poverty remains a problem.Sri Lanka moves up three positions in the World Human Development tables, but income poverty remains a problem. The report released in 2005 is relates to 2003 data. Sri Lanka moved up three places from 96th to 93rd […]