Author: lbostgadmin
‘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. […]
Tigers reject Asian venue for Sri Lanka peace talks
Tamil Tiger rebels Saturday rejected a Sri Lankan offer to hold peace talks at an Asian venue and insisted that any negotiations must be in the capital of the peacebroker Norway.Tamil Tiger rebels Saturday rejected a Sri Lankan offer to hold peace talks at an Asian venue and insisted that any negotiations must be in […]
Sri Lanka monitors blame Tigers for chopper attack
Scandinavian ceasefire monitors in Sri Lanka blamed Tamil Tigers for shooting at an unarmed military helicopter earlier this week and said the attack seriously undermined the fragile truce.Scandinavian ceasefire monitors in Sri Lanka blamed Tamil Tigers for shooting at an unarmed military helicopter earlier this week and said the attack seriously undermined the fragile truce. […]
Red Hot
Linux based software giant Red Hat says setting up office here has helped gain access to lucrative government contracts.Linux based software giant Red Hat says setting up office here has helped gain access to lucrative government contracts. Red Hat India’s Business Manager for Sri Lanka, Amal R Dias on Friday said that since the open-source […]
Lost Cause
Sri Lanka as of end-September had utilised less than a tenth of the loans and a quarter of the grants offered by foreign donors since last year’s unprecedented tsunami disaster, a top official said Friday.Sri Lanka as of end-September had utilised less than a tenth of the loans and a quarter of the grants offered […]
Tsunami disbursements are considered higher than usual aid disbursement
Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed.Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed. […]
Sri Lanka agrees to key rebel demand for peace talks abroad
The Sri Lankan government on Friday formally invited the Tamil Tigers to resume peace talks, saying it was “amenable” to a key guerrilla demand to hold negotiations abroad.The Sri Lankan government on Friday formally invited the Tamil Tigers to resume peace talks, saying it was “amenable” to a key guerrilla demand to hold negotiations abroad. […]
More Money
The World Bank on Thursday approved a US0 million package of assistance to develop Sri Lanka’s roads and education.The World Bank on Thursday approved a US$160 million package of assistance to develop Sri Lanka’s roads and education. Up to US0 million credit from World Bank’s International Development Association (IDA) will finance development of national road […]
Busting Flour
India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead.India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead. Cabinet spokesperson Anura Priyadarshana Yapa told reporters on […]
Sri Lanka raises US$ 220 mn via inflation linked bond
Sri Lanka’s Central Bank said Friday that it had issued a Rs.22 billion bond linked to an inflation index, which will help clear part of the government’s overdrafts with two state banks.Sri Lanka’s Central Bank said Friday that it had issued a Rs. 22 billion bond linked to an inflation index, which will help clear […]
Norway says it will remain Sri Lankan peacemaker but on its own terms
HONG KONG, Dec 15 (AFP) – Norway’s foreign minister told his Sri Lankan counterpart Thursday that Oslo would continue trying to broker peace in the island’s long-running ethnic conflict, but only under strict conditions.HONG KONG, Dec 15 (AFP) – Norway’s foreign minister told his Sri Lankan counterpart Thursday that Oslo would continue trying to broker […]
Fire Alarm
A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. The fire was […]