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Sri Lanka’s Central Bank leaves policy rates at current levels
Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. The repurchase rate, which drains money from the banking […]
Dear Denmark
Denmark on Tuesday said it would defer some Rs.80 million (approx US$ 800,000) in bilateral loans to Sri Lanka for one year, in a follow up to an agreement with donors in June this year.Denmark on Tuesday said it would defer some Rs. 80 million (approx US$ 800,000) in bilateral loans to Sri Lanka for […]
Harvesting Time
Police found a sniper gun and ammunition in northwestern Sri Lanka on Monday ahead of a planned visit to the area by President Chandrika Kumaratunga, officials said.Police found a sniper gun and ammunition in northwestern Sri Lanka on Monday ahead of a planned visit to the area by President Chandrika Kumaratunga, officials said. The weapon, […]
Play Fair
Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. The two wireless local loop operators Suntel and Lanka Bell claim to have already connected […]
Facilities Base
Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to disseminate ICT awareness in underserved communities.Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to […]
Sri Lanka banks on tsunami-aid despite Pakistan quake
Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday.Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday. A wave of foreign […]
Time to Tax
Sri Lanka needs to operate at its full tax revenue potential to break away from donor clutches and implement its own polices.Sri Lanka needs to operate at its full tax revenue potential to break away from donor clutches and implement its own polices. Treasury Secretary says tax collections at present are nowhere near their potential. […]
Spring Cleaning
South Asian bankers kicked off a meeting in Colombo on Monday to draw up a roadmap to reconstitute an existing development fund to be on the lines of a regional lending body.South Asian bankers kicked off a meeting in Colombo on Monday to draw up a roadmap to reconstitute an existing development fund to be […]
Growing Sideways
Sri Lanka’s Lanka Orix Leasing Co Ltd is looking at regional expansions and a possibility of getting into commercial banking, as it moves into the next phase of its growth cycle.Sri Lanka’s Lanka Orix Leasing Co Ltd is looking at regional expansions and a possibility of getting into commercial banking, as it moves into the […]
Give as I Command
Lanka’s top bureaucrat has told aid donors to coordinate their lending despite Sri Lanka not having a poverty reduction strategy that allows the state to spend donor money where it wants.Lanka’s top bureaucrat has told aid donors to coordinate their lending despite Sri Lanka not having a poverty reduction strategy that allows the state to […]