Author: LBO
Sri Lanka’s Central Bank gets jittery over IMF’s hard hitting report
Sri Lanka’s Central Bank, which has come under fire for lax monetary policy, printing money to finance the budget deficit and boosting inflation, took the somewhat unusual step of publicly responding to the International Monetary Fund’s hard hitting staff report on the country’s recent weak macro-economic management. Sri Lanka’s Central Bank, which has come under […]
Sri Lanka’s Tamil rebels call for immediate truce talks
The political leader of the Tamil Tiger rebels has called for immediate talks with Sri Lanka’s government to save a shaky ceasefire.The political leader of the Tamil Tiger rebels has called for immediate talks with Sri Lanka’s government to save a shaky ceasefire. Tamil Tiger political chief S.P. Thamilselvan said the rebel group was ready […]
President Chandrika Kumaratunga’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 […]
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 […]
Sri Lanka’s Commercial Bank to raise Rs. 1.5 bn in debt
Sri Lanka’s Commercial Bank of Ceylon is privately raising up to Rs. 1.5 billion through a five-year unsecured subordinated debenture to feed its medium term credit expansion, officials said Tuesday. Sri Lanka’s Commercial Bank of Ceylon is privately raising up to Rs. 1.5 billion through a five-year unsecured subordinated debenture to feed its medium term […]
Norway’s new government offers to maintain Sri Lanka peace bid
Norway’s government-elect will offer to continue peace mediation efforts in Sri Lanka “in whatever manner the parties want,” top peace envoy Erik Solheim told AFP.Norway’s government-elect will offer to continue peace mediation efforts in Sri Lanka “in whatever manner the parties want,” top peace envoy Erik Solheim told AFP. “After the new government is formed […]
Sri Lanka’s Central Bank raises policy rates
Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign in galloping inflation Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign […]
Sri Lanka’s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
The ADB’s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
Increasing Sri Lanka’s private debt
Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system.Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system. The DEX initially limited to govt., […]
Sri Lanka’s co-chairs of peace gather in two weeks for extraordinary meeting
Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport to review their troubled truce, after weeks of haggling over a venue.Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport […]
We’re Watching
The Sethusamudram canal set to be operational from 2008 will give a continuous navigable route around the Indian peninsular linking the west coast of India with its east. The Sethusamudram canal set to be operational from 2008 will give a continuous navigable route around the Indian peninsular linking the west coast of India with its […]