All Blogs
‘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 […]
Sri Lanka issues its first inflation linked bond
Sri Lankan government Wednesday issued its maiden inflation linked bond by privately placing it with two-state banks. Sri Lankan government Wednesday issued its maiden inflation linked bond by privately placing it with two-state banks. The funds raised, will help the government clear part of it’s overdrafts currently owed to state-own Bank of Ceylon and People’s […]
Sri Lanka budget burdens larger companies
Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the government’s pro-poor focus also means higher taxes which could hit corporate profitability, analysts and investors said.Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the […]
Coin Collection
Sri Lanka’s Central Bank says it will save over Rs.600 million in minting costs as it gives a face lift to the island’s coin collection. Sri Lanka’s Central Bank says it will save over Rs. 600 million in minting costs as it gives a face lift to the island’s coin collection. Wednesday, Colombo : A […]
Trunk Call
Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call centre business in the Asian region, a joint communiqué said Wednesday. Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call […]
Sri Lankan chopper attacked
A Sri Lankan airforce helicopter came under attack Wednesday while on its way to the island’s restive eastern coast to pick up foreign diplomats, a military official said.A Sri Lankan airforce helicopter came under attack Wednesday while on its way to the island’s restive eastern coast to pick up foreign diplomats, a military official said. […]
Short Flight
Three local airlines are on a six-month test run to India for a licence to fly international, but sentiments are mixed, with some fearing a crowded airspace.Three local airlines are on a six-month test run to India for a licence to fly international, but sentiments are mixed, with some fearing a crowded airspace. Last week, […]
Co-op Capital
Sri Lanka’s Cooperative Leasing took its first tentative steps into the capital markets on Tuesday by pledging its tiny portfolio to raise cash for future funding needs.Sri Lanka’s Cooperative Leasing took its first tentative steps into the capital markets on Tuesday by pledging its tiny portfolio to raise cash for future funding needs. The two-year […]
Low expectations at world trade talks
Trade ministers from 149 countries sat down for global trade talks today, in Hong Kong, flanked by anti-globalisation protests outside.Trade ministers from 149 countries sat down for global trade talks today, in Hong Kong, flanked by anti-globalisation protests outside. Hong Kong is playing host to the sixth Ministerial Meeting of the World Trade Organisation (WTO) […]
New Track
A solution to Colombo’s commuter traffic could have to wait till mid 2006, when a Japan funded urban transport master plan is completed.A solution to Colombo’s commuter traffic could have to wait till mid 2006, when a Japan funded urban transport master plan is completed. The newly minted New Railroad Development Ministry has been charged […]