All Blogs
Plan B
Feb. 06 (BLO) Sri Lanka’s key information technology communication agency, ICT Agency, plans to opt for a consortium built fibre optic internet backbone or data only licenses instead of the disputed regional telecom network licenses. Sri Lanka’s three-fixed line and four cellular network operators took the state ICT policy implementing body to courts in early […]
’s top donors not convinced that the situation is conducive for reconstruction and investment
Feb 06 (LBO) – A drop in violence and impending peace talks between warring factions has failed to convince Sri Lanka’s top donors that the situation is conducive for reconstruction and investment, officials said Monday. Top officials of the tropical island’s key donors – the World Bank and the Asian Development Bank (ADB) – said […]
Trimmed Changers
Feb 04 (LVP) – Five moneychangers have lost their license after they failed to comply with new capital requirements set by the regulator. Moneychangers operate as a supplement to commercial banks, and can buy foreign exchange from the public in return for domestic currency. Most operate in Colombo’s Fort area. Sri Lanka’s Central Bank, which […]
Sri Lanka frees 2,000 prisoners to mark Freedom Day
Feb 4 (AFP) – Sri Lankan authorities Saturday freed nearly 2,000 convicts to mark the island’s 58th anniversary of independence from Britain, a prison spokesman said. A presidential pardon helped 1,995 inmates, including 57 women, serving time for minor offences to leave prisons across the island, the spokesman said adding that 450 of them were […]
Sri Lanka shows military might as Tigers protest anniversary
Feb 4 (AFP) – Sri Lanka put on a bristling display of its military might to mark freedom day Saturday as Tamil rebels forced a work stoppage ahead of key talks to save a tenuous truce in the strife-torn island.Shops were closed and public transport was off the streets in the restive northeastern port district […]
Junk bonds for patriots
Feb.03, 2006 (LBO) — Sri Lanka Friday announced plans to issue US$250million-worth of sovereign bonds with the first US$25 million tranche going on sale next Monday, officials said. Treasury Secretary P. B. Jayasundera said the securities dubbed, “Sri Lanka Nation Building Bonds,” give expatriate countrymen a chance to take part in the island’s development activities. […]
Billion dollar bond to hit the road shortly
Feb. 3 (LBO)- Sri Lanka will shortly start selling a billion dollars in government bonds with the help of Citibank, Treasury Secretary Jayasundara said Friday. “Citibank has been appointed and we will finalise the process within the next two weeks,” Jayasundara told reporters. Jayasundara said the structure of the billion-dollar issue is being worked out […]
Tsunami Line
Feb 03 (LBO) – Sri Lanka’s DFCC Bank is in line to pick up over €70million worth of concessionary funding lines this year, as it looks for ways to expand its loan book, a top official said Thursday. Germany’s flagship public development bank Kreditanstalt für Wideraufbau (KfW), is leading the way, with a €5.45 million […]
Bond Show
Feb. 3 (LBO) – Sri Lanka will shortly start selling a billion dollars in government bonds with the help of Citibank, Treasury Secretary P B Jayasundara said Friday.“Citibank has been appointed and we will finalise the process within the next two weeks,” Jayasundara told reporters. Jayasundara said the structure of the billion-dollar issue is being […]
Patriotic Rates
Feb.03 (LBO) — Sri Lanka Friday announced plans to issue US0 million-worth of sovereign bonds with the first US million tranche going on sale next Monday, officials said.Treasury Secretary P B Jayasundera said the securities dubbed, “Sri Lanka Nation Building Bonds,” give expatriate countrymen a chance to take part in the island’s development activities. “We […]