Author: LBO
Baker’s Dozens
The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid job of head of state. The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid […]
Baker’s Dozens – Update
The two top candidates for Sri Lanka’s presidency filed their election nomination papers Friday along with 11 outsiders vying for the all-powerful but low-paid job as head of state for the next six years. The two top candidates for Sri Lanka’s presidency filed their election nomination papers Friday along with 11 outsiders vying for the […]
Thirst for fuel swells Sri Lanka’s import bill for August
Sri Lanka’s never ending thirst for fuel has weighed down the country’s import bill for August, negating export gains from the apparel and rubber industries, the island’s Central Bank said Wednesday.Sri Lanka’s never ending thirst for fuel has weighed down the country’s import bill for August, negating export gains from the apparel and rubber industries, […]
Sri Lanka’s Central Bank rejects all bids sent in for the three-year bond auction
Sri Lanka’s Central Bank on Tuesday rejected all bids sent in for the three-year bond auction today, but did not give any reason.Sri Lanka’s Central Bank on Tuesday rejected all bids sent in for the three-year bond auction today, but did not give any reason. The bank said it received offers worth Rs.2.08 billion for […]
Everybody’s getting richer says the Central Bank
Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to expand Sri Lanka’s second quarter economy, the country’s Central Bank said Friday.Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to […]
The US will defer Sri Lanka’s debt for a year as tsunami bonus
The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building.The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building. “The deferred […]
Sri Lanka’s September inflation dips
Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday.Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. The twelve […]
Sri Lanka’s main opposition party plans to splash millions on welfare subsidies and ban dowries
Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer year-end bonuses to public servants and splash out billions of rupees by way of welfare subsidies, if it wins the November presidential poll, its leader said Tuesday. Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer […]
Singer’s private party gets top rating
Singer (Sri Lanka) Ltd walked off with a A+(sri) rating from Fitch Ratings Lanka Limited for its upcoming debenture issue, the rating agency said Tuesday. Singer (Sri Lanka) Ltd walked off with a A+(sri) rating from Fitch Ratings Lanka Limited for its upcoming debenture issue, the rating agency said Tuesday. The rating outlook is stable. […]
Who’s Got the Power?
Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General Manager for his conduct.Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General […]
Sheep’s Clothing
The United Nations whacked the European Union’s trade rules as ‘protectionist’, with tough eligibility requirements effectively shutting out poor countries.The United Nations whacked the European Union’s trade rules as ‘protectionist’, with tough eligibility requirements effectively shutting out poor countries. The EU has come most under attack for its tough Rules of Origin criteria, which specifies […]
Sri Lanka’s president raps donors for slow progress in post tsunami work
In a serious indictment on the international community, Sri Lankan President Chandrika Kumaratunga has rapped donors for not repatriating funds and delaying post-tsunami reconstruction work, her office said in a statement on Saturday.In a serious indictment on the international community, Sri Lankan President Chandrika Kumaratunga has rapped donors for not repatriating funds and delaying post-tsunami […]