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Treasury bill rates creep up
Sri Lanka’s borrowing costs rose at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. Sri Lanka’s borrowing costs rose at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. The bank re-issued Rs. 10,745 million worth of bills but accepted […]
‘s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
Sri Lankan markets jittery as bullets fly
Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are hopeful the government will use Thursday’s budget to regain investor confidence. Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are […]
Safe Deposit
Sri Lanka’s Central Bank is drawing up laws to keep close tabs on companies engaged in transfer of money into the country, an official said.Sri Lanka’s Central Bank is drawing up laws to keep close tabs on companies engaged in transfer of money into the country, an official said. Just under a million of the […]
Paper Power
Sri Lankan importers pay up millions of rupees in penalties every month by not knowing about import regulations, says Customs Department.Sri Lankan importers pay up millions of rupees in penalties every month by not knowing about import regulations, says Customs Department. “Sometimes importers pay around Rs 2 million a month on penalties, due to lack […]
Sri Lanka asks Norway to save peace bid amid war fears
Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil Tiger rebels, amid a recent spate of violence which has killed 29 and raised fears that the country could slip back into war. Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil […]
Norway sets terms to keep up Sri Lankan peace bid
OSLO, Dec 7 (AFP) – Norway’s government on Wednesday said it would agree to a Sri Lankan request to relaunch its bid to broker peace between Colombo and Tamil Tiger rebels, but only if certain conditions were met. OSLO, Dec 7 (AFP) – Norway’s government on Wednesday said it would agree to a Sri Lankan […]
” violence claims 29 lives in Sri Lanka
The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]
Sri Lanka asks Norway to keep up peace bid
Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to review Oslo’s role, a government statement said Wednesday.Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to […]
Sri Lanka tightens defences amid fears for truce
Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger rebels was in danger of collapse after a fresh wave of violence killed 27, officials said.Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger […]