Author: LBO
FTA with Pakistan in honour of President’s visit
Pakistan and Sri Lanka will meet next week to tie up a free trade agreement between the two countries by the time Sri Lanka’s President pays a visit to Pakistan next year. Pakistan and Sri Lanka will meet next week to tie up a free trade agreement between the two countries by the time Sri […]
Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said
Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Central Bank’s policy rate is 9.00 per cent, but some banks […]
Pouring petrol to the country’s galloping inflation
Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push the country to war to distract the people.Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push […]
Waters’ Edge
A spate of floods and drought affected the agriculture sector output in the last few years.A spate of floods and drought affected the agriculture sector output in the last few years. The sector is expected to record negative growth this year according to the Finance Ministry. Farmers who depend on rain to grow their crops […]
The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon
The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon, based on the proposals submitted by the organization, but said it is prepared to discuss controversial issues.The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are […]
Sri Lanka’s Tiger supremo turns 50 amid war and peace choice
Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns to war.Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns […]
Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times on Friday
Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Priced under seven percent the […]
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 released on Thursday Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 […]
The Finance Minance Minister’s eBudget goes in to the box
On Wednesday afternoon a beaming Finance Minister, Dr.Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget reading on Thursday.On Wednesday afternoon a beaming Finance Minister, Dr. Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget […]
Deadlock in peace talks compounds Sri Lanka’s economic woes
The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a falling rupee.The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a […]
Angry Muslims quit peace panel and declare ‘war’ on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
A flock of avid bird lovers map Sri Lanka’s rich feathered life.
A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life.A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life. […]