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Sri Lanka raises US$ 220 mn via inflation linked bond
Sri Lanka’s Central Bank said Friday that it had issued a Rs.22 billion bond linked to an inflation index, which will help clear part of the government’s overdrafts with two state banks.Sri Lanka’s Central Bank said Friday that it had issued a Rs. 22 billion bond linked to an inflation index, which will help clear […]
Busting Flour
India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead.India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead. Cabinet spokesperson Anura Priyadarshana Yapa told reporters on […]
More Money
The World Bank on Thursday approved a US0 million package of assistance to develop Sri Lanka’s roads and education.The World Bank on Thursday approved a US$160 million package of assistance to develop Sri Lanka’s roads and education. Up to US0 million credit from World Bank’s International Development Association (IDA) will finance development of national road […]
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. […]
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. […]
Fire Alarm
A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. The fire was […]
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 […]
International credit rating agencies upgrade Sri Lanka Telecom’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 […]
‘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 […]