Author: LBO
Sri Lanka’s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
‘Controlled’ violence claims 29 lives in Sri Lanka
The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]
Sri Lanka’s Hemas Holdings checks out of Lihiniya Surf
Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Around 4.3 million shares held […]
Sri Lanka accuse Tigers of ‘stealth war’ as death toll hits 27
Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]
Nobody’s Child
Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, under estimating of reconstruction cost and political interference according to a study.Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, […]
It’s Loaded!
Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s Commercial Bank.Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s […]
Price hikes in cigarettes and alcohol fails to ignite Sri Lanka’s inflation
Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]
Buyers’ Guide
The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather switch shops than swap brands. The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather […]
Sri Lanka’s Tigers issue deadline to resume war for independence
Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk a war that could break up the island.Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk […]
World Bank gives economic management tips to Sri Lanka’s new policymakers
Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move beyond a five percent growth, the World Bank’s country chief said Saturday.Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move […]
President’s speech fails to inspire the market
President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. Towards the market close, the All Share Index was trading 16.4 points lower at 2200, with turnover […]
Tigers to set the course for Sri Lanka’s new government
Sri Lanka’s new hawkish president is to make a policy statement pledging prosperity, but analysts and diplomats say they are focusing on a speech by the Tamil rebel leader this weekend that could fan fears of a slide back to civil war.Sri Lanka’s new hawkish president is to make a policy statement pledging prosperity, but […]