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Central Bank mulls floating a US$ 200 mn bond issue
Sri Lanka’s Central Bank said Tuesday that it may float a planned US$ 200-million bond issue later this year or early next year – depending on market conditions.Sri Lanka’s Central Bank said Tuesday that it may float a planned US$ 200-million bond issue later this year or early next year – depending on market conditions. […]
Finance Minister warns exporters not to hoard their proceeds abroad
Finance Minister Dr. Sarath Amunugama sent out a strong warning to exporters asking them to repatriate their proceeds and help ease the pressure on the rupee. Finance Minister Dr. Sarath Amunugama sent out a strong warning to exporters asking them to repatriate their proceeds and help ease the pressure on the rupee. The Sri Lankan […]
Services Branding
Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. The Japanese auto corporation’s Chairman and Chief Executive Osamu Suziki dropped in for […]
‘s Pick
Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I.Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. […]
Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist traffic.
Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist traffic. Sri Lankan Airlines’ Air Taxi added Ampara and Weerawila to its list of destinations this week with Nuwara Eliya in tow to meet the upcoming winter tourist […]
Stiff Price
Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday.Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday. An election promise to […]
Bi-partisan Pyramid
The government strongly condemned pyramid schemes today promising quick cabinet approval to draft anti-pyramiding legislation. The government strongly condemned pyramid schemes today promising quick cabinet approval to draft anti-pyramiding legislation. “This government is warning the public of this country very seriously not to invest in these pyramid schemes,” Finance Minister Dr. Sarath Amunugama told a […]
Norway fails to break the deadlock between the government and the LTTE
Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said.Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said. Norway’s top […]
Jetwing Group takesover Trinco’s Welcombe Hotel management for a short stint
The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Welcombe (named after the […]
Govt. to borrow over Rs. 50 bn from local debt market
The Central Bank says it will re-issue Rs.7,010 mn worth of two-year treasury bonds and Rs.43,655 mn in treasury bills to the debt market, as part of its borrowing programme for August.The Central Bank says it will re-issue Rs. 7,010 mn worth of two-year treasury bonds and Rs. 43,655 mn in treasury bills to the […]