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Tea prices expected to grow
Weekly tea prices are slowly edging up, with this weeks auction pushing the monthly average to Rs. 188.43, up from Rs. 181.24 in late August. The annual average however is only some 45 cents higher from late August at Rs. 180.45. Industry watchers say prices will improve further in the coming weeks, especially with the […]
Who Did It?
A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid meant for tsunami survivors.A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid […]
‘s address to the Asia Society in New York
“Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society “Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society Full text of the President’s address; It is a pleasure to be here at the Asia Society once again. Over the past eleven […]
Sri Lanka president vows to share power with Tamils to end bloodshed
Sri Lanka’s President Chandrika Kumaratunga has pledged to turn her embattled republic into a federal state and share power with minority Tamils in a bid to end decades of ethnic bloodshed, despite a rebellion in her own party. Sri Lanka’s President Chandrika Kumaratunga has pledged to turn her embattled republic into a federal state and […]
IMF warns Sri Lanka against busting budget targets
The International Monetary Fund Thursday warned Sri Lanka that it was dangerously busting budget targets and urged tough measures to slash subsidies and salvage the economy despite elections this year. The International Monetary Fund Thursday warned Sri Lanka that it was dangerously busting budget targets and urged tough measures to slash subsidies and salvage the […]
IMF urges tighter monetary policy to avoid sudden corrections in interest rates
The International Monetary Fund has urged Sri Lanka to aggressively tighten its monetary policy to avoid disruptive corrections in interest rates later in the year. The International Monetary Fund has urged Sri Lanka to aggressively tighten its monetary policy to avoid disruptive corrections in interest rates later in the year. New Page 4 The comments […]
Politicking the Sri Lankan way
Prime Minister Mahinda Rajapake’s campaign manager on Wednesday denied there were rifts between the ruling Bandaranaike family and their presidential candidate despite a bruising row that is already splashed in the national press. Prime Minister Mahinda Rajapake’s campaign manager on Wednesday denied there were rifts between the ruling Bandaranaike family and their presidential candidate despite […]
Commercial Bank’s upcoming debenture gets AA (sri) rating
Sri Lanka’s Commercial Bank’s upcoming billion rupee debenture issue secured an AA (sri) rating from Fitch Ratings Lanka, the agency said Wednesday.Sri Lanka’s Commercial Bank’s upcoming billion rupee debenture issue secured an AA (sri) rating from Fitch Ratings Lanka, the agency said Wednesday. The bank initially plans to raise Rs.1.0 billion with an option to […]
‘s upcoming debenture gets AA (sri) rating
Sri Lanka’s Commercial Bank’s upcoming billion rupee debenture issue secured an AA (sri) rating from Fitch Ratings Lanka, the agency said Wednesday.Sri Lanka’s Commercial Bank’s upcoming billion rupee debenture issue secured an AA (sri) rating from Fitch Ratings Lanka, the agency said Wednesday. The bank initially plans to raise Rs.1.0 billion with an option to […]
Ceylinco Developers hunts for Rs. 100 mn
Ceylinco Developers Ltd, promoters of the Millennium City township development project, is raising Rs. 100 million in debt to meet its ongoing expansion plans. Ceylinco Developers Ltd, promoters of the Millennium City township development project, is raising Rs. 100 million in debt to meet its ongoing expansion plans. The unsecured, unquoted subordinated three-year issue comes […]