Author: lbostgadmin
Sri Lanka to shop for overseas debt
Government says it will raise up to US$ 500 million in the international debt markets next year to finance identified infrastructure projects as concessional loans dry up. Government says it will raise up to US$ 500 million in the international debt markets next year to finance identified infrastructure projects as concessional loans dry up. A […]
”s hard hitting report
Sri Lanka’s Central Bank, which has come under fire for lax monetary policy, printing money to finance the budget deficit and boosting inflation, took the somewhat unusual step of publicly responding to the International Monetary Fund’s hard hitting staff report on the country’s recent weak macro-economic management. Sri Lanka’s Central Bank, which has come under […]
‘s Tamil rebels call for immediate truce talks
The political leader of the Tamil Tiger rebels has called for immediate talks with Sri Lanka’s government to save a shaky ceasefire.The political leader of the Tamil Tiger rebels has called for immediate talks with Sri Lanka’s government to save a shaky ceasefire. Tamil Tiger political chief S.P. Thamilselvan said the rebel group was ready […]
Close Watch
Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year.Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year. Sri Lanka’s public sector and diplomatic corps, at least since […]
On the Road
Cabinet this week approved US$ 310 million in donor funding to reconstruct 1137 kilometers of road and 25 major bridges in the tsunami affected coastal regions of Sri Lanka.Cabinet this week approved US$ 310 million in donor funding to reconstruct 1137 kilometers of road and 25 major bridges in the tsunami affected coastal regions of […]
Politicking the Sri Lankan way
Prime Minister Mahinda Rajapake’s campaign manager on Wednesday denied there were rifts between the ruling Bandaranaike family and their presidential candidate despite a bruising row that is already splashed in the national press. Prime Minister Mahinda Rajapake’s campaign manager on Wednesday denied there were rifts between the ruling Bandaranaike family and their presidential candidate despite […]
IMF urges tighter monetary policy to avoid sudden corrections in interest rates
The International Monetary Fund has urged Sri Lanka to aggressively tighten its monetary policy to avoid disruptive corrections in interest rates later in the year. The International Monetary Fund has urged Sri Lanka to aggressively tighten its monetary policy to avoid disruptive corrections in interest rates later in the year. New Page 4 The comments […]
IMF warns Sri Lanka against busting budget targets
The International Monetary Fund Thursday warned Sri Lanka that it was dangerously busting budget targets and urged tough measures to slash subsidies and salvage the economy despite elections this year. The International Monetary Fund Thursday warned Sri Lanka that it was dangerously busting budget targets and urged tough measures to slash subsidies and salvage the […]
Sri Lanka president vows to share power with Tamils to end bloodshed
Sri Lanka’s President Chandrika Kumaratunga has pledged to turn her embattled republic into a federal state and share power with minority Tamils in a bid to end decades of ethnic bloodshed, despite a rebellion in her own party. Sri Lanka’s President Chandrika Kumaratunga has pledged to turn her embattled republic into a federal state and […]
‘s address to the Asia Society in New York
“Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society “Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society Full text of the President’s address; It is a pleasure to be here at the Asia Society once again. Over the past eleven […]
Who Did It?
A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid meant for tsunami survivors.A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid […]
Tea prices expected to grow
Weekly tea prices are slowly edging up, with this weeks auction pushing the monthly average to Rs. 188.43, up from Rs. 181.24 in late August. The annual average however is only some 45 cents higher from late August at Rs. 180.45. Industry watchers say prices will improve further in the coming weeks, especially with the […]