Author: LBO
Bomb scare puts off Sri Lanka MP’s
Colombo, Feb 2 (PTI) Panic-stricken Sri Lankan legislators today agreed to put off their sittings by nearly two weeks following a bomb scare inside the assembly hall. Speaker W. J. M. Lokubandara said political party leaders agreed to put off the assembly till February 14. The assembly opened today half an hour behind schedule after […]
High prices of firewood, cigarettes fail to ignite Sri Lanka’s inflation
Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices in firewood and cigarettes, the Census & Statistics Deparment said Tuesday. Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices […]
Investors sceptical about government’s foreign bond plans
Market players were sceptical about government’s ability to rise up to a billion dollars internationally due uncertainty in the economic and security fronts. Market players were sceptical about government’s ability to rise up to a billion dollars internationally due uncertainty in the economic and security fronts. Treasury Secretary P B Jayasundera said on Friday that […]
Sri Lanka’s trade gap widens 22%
Jan. 19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for the eleven months in 2005, though foreign remittances helped strengthen the island’s balance of payments, the Central Bank said Thursday Jan.19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for […]
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, […]