Tag: lbo
Boiling Point
A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in three slabs.A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in […]
Swedish Aid
The Swedish Government pitched in with a US$ 20 mn loan on Friday to light up villages, as well as small and medium industries in rural Sri Lanka.The Swedish Government pitched in with a US$ 20 mn loan on Friday to light up villages, as well as small and medium industries in rural Sri Lanka. […]
Sri Lankan pepper no threat to Indian pepper
Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka.Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka. “The Indian trade delegation from Delhi that was here in August were […]
WTO agrees to look at adjustment costs when quotas are gone
Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone.Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone. The WTO’s Goods and Services Council agreed this […]
Changing Tracks
Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year.Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year. Under earlier terms, about eight suppliers would sell […]
Subsidies feed up fat cats and not those that need it, says the International Labour Organisation.
Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO).Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO). A report published by the ILO […]
Diplomatic moves to extend supplier credit to tide over external shocks and stabilise a nervy rupee
Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said.Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said. […]
Gas Leak
Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase.Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase. “We had a discussion yesterday, and we asked […]
Sri Lanka lobbies for emergency fund to tide over external shocks like high oil prices
Sri Lanka asked international monetary authorities to come up with a contingent facility to tide over crude oil shocks that’s strangling trade dependent nations.Sri Lanka asked international monetary authorities to come up with a contingent facility to tide over crude oil shocks that’s strangling trade dependent nations. Such funds could be used to help develop […]
Filling Up
Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a US$ 150 mn credit line. Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a […]
Import bill gallops ahead as fuel prices eats gains from textile and apparel exports
Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said Friday. Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said […]
Chamber says Govt., tax policies need to be more consistent and transparent
Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date.Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date. […]