Author: LBO
Sri Lanka’s import bill gallops ahead of November export earnings
Jan. 17 (LBO) – Sri Lanka’s import bill for the eleven months surged ahead of export earnings for the same period last year due to rising energy costs, but the island’s Central Bank Tuesday left its key interest rates unchanged. Jan. 17 (LBO) – Sri Lanka’s import bill for the eleven months surged ahead of […]
Sri Lanka’s Tigers seek military upper hand ahead of talks
Tamil Tiger rebels, blamed for a series of deadly attacks on Sri Lankan troops, are battling to gain the upper hand over the military ahead of a new round of peace talks, analysts said Friday.Tamil Tiger rebels, blamed for a series of deadly attacks on Sri Lankan troops, are battling to gain the upper hand […]
Sri Lanka’s truce monitors raps government on paramilitary groups
Jan. 13 (LBO) – Giving voice to the unspoken thoughts of most ordinary citizens of the country, Sri Lanka’s truce monitors have questioned whether the ceasefire agreement with the rebels and government has ended.Jan. 13 (LBO) – Giving voice to the unspoken thoughts of most ordinary citizens of the country, Sri Lanka’s truce monitors have […]
Sri Lanka’s Ceylinco Leasing goes for debt and IPO
Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday.Sri Lanka’s Ceylinco Leasing Corp plans to raise a billion rupees in debt and issue shares to the public later this year, officials said Wednesday. An initial public offering is on […]
Return to war at high cost, US warns Sri Lanka’s Tigers
The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly.The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly. US ambassador to Sri Lanka, Jeffrey Lunstead, told a meeting of businessmen here that Washington wanted the rebel […]
Sri Lanka’s Central Bank Governor denies resignation rumours
Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. The report claimed that Governor Sunil Mendis, who is […]
Eagle’s Nest
US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group.US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group. Fedex, currently commands the second slot in Sri […]
Sri Lanka’s Senkadagala Finance goes for dual credit ratings
Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency recently. Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency recently. Tech savvy Senkadagala, […]
Talks key to halting Sri Lanka’s slide to full-scale war: analysts
Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to meet face-to-face and save their fragile truce, according to analysts and mediators.Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to […]
Violence destroys Sri Lanka’s post-tsunami tourism revival
BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed by this month’s violence that killed more than 80 people and fuelled fears of a return to war, officials say.BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed […]
Sri Lanka’s Central Bank hikes interest rates
Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]
Sri Lanka’s HNB goes for mammoth bond issue
Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs.1.31 billion in debt to top up its capital and fall in line with regulatory requirements. Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs. 1.31 billion in debt to top up its capital and fall in line with regulatory requirements. […]