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The government issues a US$ 50 mn two-year bond, next month as part of efforts to raise up to US$ 400 mn
The government is issuing a US$ 50 mn two-year bond, next month as part of its fund raising drive to bridge the budget deficit.The government is issuing a US$ 50 mn two-year bond, next month as part of its fund raising drive to bridge the budget deficit. The issue is part of the government’s efforts […]
Security Agenda
Ports and Aviation Minister Mangala Samaraweera will tackle enforcement of several security deals with the US while in Washington this week.Ports and Aviation Minister Mangala Samaraweera will tackle enforcement of several security deals with the US while in Washington this week. The Minister is on a five-day visit to Washington to attend the International Summit […]
Tax Reverse
Attempts to recover taxes for which amnesty has been given could erode confidence in policy but not result in any significant recovery of lost taxes according to experts.Attempts to recover taxes for which amnesty has been given could erode confidence in policy but not result in any significant recovery of lost taxes according to experts. […]
Acting Responsible
The Employers Federation of Ceylon (EFC) is adding its weight to the Corporate Social Responsibility (CSR) movement in Sri Lanka.The EFC – Sri Lankas only trade union of employers – is the latest corporate big-gun to jump the CSR bandwagon.rn rnThe concept is gaining momentum in Sri Lanka with international agencies and local trade chambers […]
Rural Call
The Telecom Ministry is revisiting a two year old proposal that was tied to the External Gateway Operator licences, requiring license holders to cough up part of their billing to fund rural communication infrastructure.The Telecom Ministry is revisiting a two year old proposal that was tied to the External Gateway Operator licences, requiring license holders […]
Open Call
The telecom industry could see a major shift in policy, with the Minister hinting of a technology neutralized licensing regime. The telecom industry could see a major shift in policy, with the Minister hinting of a technology neutralized licensing regime. Post & Telecommunication Minister D M U Jayaratner told reporters in Colombo on Monday an […]
Troubled Oil
State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers to absorb the shock.State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers […]
Friendly Overtures
India says it is looking at new areas for enhancing economic cooperation with Sri Lanka, including agriculture, and a line of credit for the island nation was in the pipeline.rnNew Delhi will also reivew the double taxation avoidance treaty with Colombo, Union Finance Minister P Chidambaram said after a meeting with visiting Sri Lankan Prime […]
The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’.
The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. Sprawled over 23 acre patch of jungle with a beach frontage on the […]
Ten percent of the Lanka’s reserves have been drained so far, as the Central Bank tries to defend a weak rupee.
Ten percent of the country’s reserves have been drained this year as the Central Bank intervened in the market to defend the Rupee, which is on a steady slide against the US dollar.Ten percent of the country’s reserves have been drained this year as the Central Bank intervened in the market to defend the Rupee, […]