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Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 10%
Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first two months this year, with much of the growth – US$ 200 mn, spent on petroleum imports. Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first […]
Bucking the trend
Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through its Dubai hub, heavy investment in its fleet and a non-union workforce.Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through […]
Exchange Issue
The Exchange Control Department of the Central Bank of Sri Lanka, has cautioned the public not to buy foreign exchange from moneychangers, a type of dealer who is only authorised to buy foreign exchange from the public. The Exchange Control Department of the Central Bank of Sri Lanka, has cautioned the public not to buy […]
Fair Game
The EDB is putting together a set of procedures and criteria for ethical labeling, with plans to later set up an independent standards body.The EDB is putting together a set of procedures and criteria for ethical labeling, with plans to later set up an independent standards body. Export Development Board Chief Rohantha Athukorala said Sri […]
Buddhist monk watches horror on highway as 35 perish in bus-train crash
A Sri Lankan video cameraman films the wreck of a passenger bus which collided with a train near the town of Polgahawela, some 80 kilometres (50 miles) northeast of Colombo,27 April 2005. At least 33 people were killed and 30 were wounded when a train ploughed into a bus at a level crossing in northern […]
‘s import bill by 10%
Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first two months this year, with much of the growth – US$ 200 mn, spent on petroleum imports. Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first […]
Sri Lanka fishes for bigger bite of world ornamental fish market
Sri Lanka is fishing for a bigger bite of the world ornamental fish market, with targets set for 10 percent of global billings by 2010. Sri Lanka is fishing for a bigger bite of the world ornamental fish market, with targets set for 10 percent of global billings by 2010. National Aquaculture Development Authority Director […]
Govt., needs to take up long term reforms to sustain growth after tsunami rebuilding
Tsunami rebuilding is expected to spur growth in the short term but economists say the government needs to phase out aid flows and cap spiralling inflation for later growth.Tsunami rebuilding is expected to spur growth in the short term but economists say the government needs to phase out aid flows and cap spiralling inflation for […]
Sri Lanka’s Central Bank cuts government securities to curb inflation
Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part of efforts to curb inflation, a senior official said Monday.Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part […]
Sri Lanka Telecom comes off a ratings watch, but concerns linger over its cellular subsidiary: Fitch Ratings
Telco giant Sri Lanka Telecom came off Fitch Ratings Lanka’s ratings watch, but management concerns over its mobile unit is holding back network expansion, the rating agency said Monday. Telco giant Sri Lanka Telecom came off Fitch Ratings Lanka’s ratings watch, but management concerns over its mobile unit is holding back network expansion, the rating […]