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Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of GNP
Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of GNP while keeping total expenses within Rs.1003 billion. Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of GNP while keeping total expenses within Rs. 1003 billion. Cabinet Spokesperson and Health Minister Nimal Siripala de Silva on Friday said […]
Oil Guzzlers
Demand for petrol is increasing in Sri Lanka despite two price increases this year, says the Ceylon Petroleum Corporation (CPC).Demand for petrol is increasing in Sri Lanka despite two price increases this year, says the Ceylon Petroleum Corporation (CPC). According to CPC data, average petrol consumption per day, is now around 1,200 MT, compared to […]
It’s Through
ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in the island, an ICICI Bank official said Wednesday.ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in […]
Sri Lanka steps up surveillance on counterfeit notes
Sri Lanka’s Central Bank is ramping up efforts to stamp out forged notes, after a steep rise in counterfeiting activities in the past few months, officials said Tuesday. Sri Lanka’s Central Bank is ramping up efforts to stamp out forged notes, after a steep rise in counterfeiting activities in the past few months, officials said […]
Low Tide
November Presidential polls could stall an already delayed south port project, making Sri Lanka’s port sector more vulnerable to regional competition.November Presidential polls could stall an already delayed south port project, making Sri Lanka’s port sector more vulnerable to regional competition. After a number of failed starts later, earlier this year port officials said they […]
Risk Free
KILINOCHCHI – Sri Lanka’s Tamil Tigers have no security cameras or guards protecting their bank. Yet they say it is the safest place to deposit cash and gold both in times of war and of peace. KILINOCHCHI – Sri Lanka’s Tamil Tigers have no security cameras or guards protecting their bank. Yet they say it […]
‘s Through
ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in the island, an ICICI Bank official said Wednesday.ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in […]
Sri Lanka extends state of emergency
Sri Lanka’s parliament Wednesday extended by a further month the state of emergency imposed shortly after the assassination of Foreign Minister Lakshman Kadirgamar. Sri Lanka’s parliament Wednesday extended by a further month the state of emergency imposed shortly after the assassination of Foreign Minister Lakshman Kadirgamar. Parliament voted 118 for and 24 against the tough […]
Dark Horse
Sri Lanka’s chronic budget deficit, weak structural reforms and political instability, will show up prominently, as the island seeks a sovereign rating from three top international rating agencies later this year, analysts said.Sri Lanka’s chronic budget deficit, weak structural reforms and political instability, will show up prominently, as the island seeks a sovereign rating from […]
Made in China
China based PC maker the Lenovo Group says Sri Lanka’s early stage IT market offered high growth potential for hardware manufacturers.China based PC maker the Lenovo Group says Sri Lanka’s early stage IT market offered high growth potential for hardware manufacturers. The Lenovo Group’s take over of IBM’s PC division making it the third largest […]