Author: lbostgadmin
Budget 2006 – Where does it all stand?
Sri Lanka Thursday announced higher taxes on corporates, gambling, smoking and liquor to fund a spending spree that includes farm and electricity subsidies and jobs for unemployed. Sri Lanka Thursday announced higher taxes on corporates, gambling, smoking and liquor to fund a spending spree that includes farm and electricity subsidies and jobs for unemployed. President […]
Farmers get bumper harvest from budget
Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs.17.50. Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs. 17.50. The Budget proposal said that all […]
Budget 2006 – Fabric First
The government will allocate Rs.350 million to write off unpaid loans accumulated by the fabric processing industry in 2006.The government will allocate Rs. 350 million to write off unpaid loans accumulated by the fabric processing industry in 2006. The move will help the government restart fabric manufacturing in Thulhiriya and in Horara. The state is […]
Sri Lanka secures its first sovereign rating: BB-
Sri Lanka on Thursday secured its first sovereign rating of BB- from Fitch Ratings International but the rating agency warned that ‘peace and politics’ will hold the key to the island future. Sri Lanka on Thursday secured its first sovereign rating of BB- from Fitch Ratings International but the rating agency warned that ‘peace and […]
S&P assigns a B+ sovereign rating for Sri Lanka
International ratings agency Standard & Poor’s has assigned a B+ sovereign rating for Sri Lanka, President Mahinda Rajapakse said Thursday. International ratings agency Standard & Poor’s has assigned a B+ sovereign rating for Sri Lanka, President Mahinda Rajapakse said Thursday. Rajapakse, in his capacity as Finance Minister, made this announcement during his budget speech to […]
International credit ratings ask Sri Lanka to spruce up its act
Top international credit rating agencies have warned Sri Lanka to spruce up act on ‘peace, politics, and public finances’, ahead of a planned international bond issue to finance its war-damaged tsunami-hit economy. Top international credit rating agencies have warned Sri Lanka to spruce up act on ‘peace, politics, and public finances’, ahead of a planned […]
Sri Lanka to sell international bonds
Taking advantage of its maiden sovereign rating, Sri Lanka plans to sell bonds in the international market, President Mahinda Rajapakse said Thursday. Taking advantage of its maiden sovereign rating, Sri Lanka plans to sell bonds in the international market, President Mahinda Rajapakse said Thursday. Rajapakse, 60, who is also the Finance Minister, said the island […]
Sri Lanka tightens defences amid fears for truce
Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger rebels was in danger of collapse after a fresh wave of violence killed 27, officials said.Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger […]
Sri Lanka asks Norway to keep up peace bid
Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to review Oslo’s role, a government statement said Wednesday.Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to […]
” violence claims 29 lives in Sri Lanka
The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]
Norway sets terms to keep up Sri Lankan peace bid
OSLO, Dec 7 (AFP) – Norway’s government on Wednesday said it would agree to a Sri Lankan request to relaunch its bid to broker peace between Colombo and Tamil Tiger rebels, but only if certain conditions were met. OSLO, Dec 7 (AFP) – Norway’s government on Wednesday said it would agree to a Sri Lankan […]
Sri Lanka asks Norway to save peace bid amid war fears
Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil Tiger rebels, amid a recent spate of violence which has killed 29 and raised fears that the country could slip back into war. Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil […]