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Toss between loose fiscal policy and high interest rates
Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face of loose fiscal policy.Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face […]
Tsunami Dreams
Top government aide Mano Tittawella says passing legislation for reform will be tougher for a minority government but hopes issues will be depoliticized.Top government aide Mano Tittawella says passing legislation for reform will be tougher for a minority government but hopes issues will be depoliticized. He heads the strategic enterprise management agency in charge of […]
Phew!!!
Apparels exported to the European Union got duty free access from this month but the industry doesn’t expect an immediate spike in volumes due to other bottlenecks. Apparels exported to the European Union got duty free access from this month but the industry doesn’t expect an immediate spike in volumes due to other bottlenecks. The […]
Four killed in attack on Tamil Tiger office in Sri Lanka
Unidentified attackers hurled grenades at an office belonging to Tamil Tiger rebels in northeast Sri Lanka, killing at least four people, a military official said. Unidentified attackers hurled grenades at an office belonging to Tamil Tiger rebels in northeast Sri Lanka, killing at least four people, a military official said. The attackers targeted the office […]
Four men killed in Colombo
Police found the bullet riddled bodies of four men dumped inside a four-wheel drive vehicle parked near Colombo’s main conference centre, officials said.Police found the bullet riddled bodies of four men dumped inside a four-wheel drive vehicle parked near Colombo’s main conference centre, officials said. The motive for the mass killing was not immediately clear, […]
Sharing Grief
Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said it could identify with the suffering of victims.Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said […]
Quick Jab
Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. The long talked of 300 mega watt coal plant […]
Sri Lanka will not be forced to hold snap polls: minister
Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would not be forced to hold snap elections, despite losing the support of its main Marxist ally.Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would […]
US supports P-TOMS, but wont put money in P-TOMS trust fund
The US says it will not put money for tsunami reconstruction into the P-TOMS (Post Tsunami Operational Management Structure) trust fund due to “legal restrictions.” The US says it will not put money for tsunami reconstruction into the P-TOMS (Post Tsunami Operational Management Structure) trust fund due to “legal restrictions.” A statement from the US […]
People’s Leasing picks up a new funding line
Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. People’s Leasing Co. (PLC) which issued the lease-backed securities, also picked up a Rs.150 million […]