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‘s
Colombo, Feb 2 (PTI) Panic-stricken Sri Lankan legislators today agreed to put off their sittings by nearly two weeks following a bomb scare inside the assembly hall. Speaker W. J. M. Lokubandara said political party leaders agreed to put off the assembly till February 14. The assembly opened today half an hour behind schedule after […]
High prices of firewood, cigarettes fail to ignite Sri Lanka’s inflation
Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices in firewood and cigarettes, the Census & Statistics Deparment said Tuesday. Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices […]
Big Step
Jan. 31 (LBO) ? Sri Lanka’s leasing industry is asking authorities to allow them to raise public deposits in return for infusing higher capital into the business, industry officials said.Jan. 31 (LBO) ? Sri Lanka’s leasing industry is asking authorities to allow them to raise public deposits in return for infusing higher capital into the […]
Raising Stakes
Jan 31 (LBO) – Aitken Spence upped its stake in Ace Power Embilipitiya (Private) Ltd.from 50 percent to 74 percent, the Colombo Stock Exchange said Tuesday. Jan 31 (LBO) – Aitken Spence upped its stake in Ace Power Embilipitiya (Private) Ltd. from 50 percent to 74 percent, the Colombo Stock Exchange said Tuesday. Ace Power […]
Import duties go up on rice, wheat flour
Jan. 31 (LBO) – Sri Lanka Tuesday raised import duties (taxes) on rice and wheat flour to discourage flour imports and to boost demand for local rice, the Finance Ministry said.It was not clear whether the tax will apply to the Singapore-owned Prima mill in Trincomalee, which imports whole grain for milling inside the country. […]
‘s inflation
Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices in firewood and cigarettes, the Census & Statistics Deparment said Tuesday. Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices […]
Top donors to shake hands with Tamil Tigers on Friday
Jan. 31 (LBO) – Top officials from international donor agencies will travel to the north on Friday to meet Tamil Tiger representatives to discuss reconstruction work, a joint statement said Tuesday.Jan. 31 (LBO) – Top officials from international donor agencies will travel to the north on Friday to meet Tamil Tiger representatives to discuss reconstruction […]
Anchors Away
The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February.The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February. A visiting […]
Capital Building
Sri Lankan venture capital firm, V Capital will invest in the luxury homes business, after exiting all its earlier investments.Sri Lankan venture capital firm, V Capital will invest in the luxury homes business, after exiting all its earlier investments. Formally knows as C F Ventures, V Capital recently restructured under a new, Malaysia based majority […]
Big Mama
Jan. 30 (LBO) ? Sri Lanka’s state-run Bank of Ceylon said Monday, that a generally upbeat sentiment in business helped its profits swell by 13 percent for the past year.Jan. 30 (LBO) ? Sri Lanka’s state-run Bank of Ceylon said Monday, that a generally upbeat sentiment in business helped its profits swell by 13 percent […]