Author: lbostgadmin
Central Bank says monetary management was challenging last year due to economic shocks
Central Bank said the economy grew by a slower 5.4 percent last year and expects similar growth this year.The bank also said monetary management was challenging last year due to economic shocks. Central Bank said the economy grew by a slower 5.4 percent last year and expects similar growth this year. The bank also said […]
Petropolitics
Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Central […]
Joint Pain Persists
Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) say their tsunami reconstruction aid cannot be channeled through a trust fund controlled by the LTTE.Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) say their tsunami reconstruction aid cannot be channeled through a trust fund controlled by the LTTE. […]
Central Bank cuts 2005 GDP growth estimate to 5.3 % form 6% ealier
The Central Bank Friday revised its GDP growth estimates for 2005 from 6 percent before the tsunami to 5.3 percent. The Central Bank Friday revised its GDP growth estimates for 2005 from 6 percent before the tsunami to 5.3 percent. The downward revision accounts for the damages sustained by the tourism and fisheries sectors and […]
Monetary expansion to be kept at 15% to spur over 6% growth
Policy makers hope to rein in monetary expansion to 15 percent in 2005, down from a high of 19.6 percent at the end of 2004. Policy makers hope to rein in monetary expansion to 15 percent in 2005, down from a high of 19.6 percent at the end of 2004. The Central Bank on Friday […]
Tamil journalist shot dead in Sri Lanka
A Tamil journalist was found shot dead in the Sri Lankan capital Colombo Friday, hours after unidentified men abducted him from a restaurant, police and colleagues said.A Tamil journalist was found shot dead in the Sri Lankan capital Colombo Friday, hours after unidentified men abducted him from a restaurant, police and colleagues said. Sivaram Dharmeratnam, […]
Top Tamil journalist killed, Sri Lanka orders probe
Sri Lanka’s government Friday ordered a “full scale investigation” into the slaying of a senior Tamil journalist who was abducted overnight as he left a restaurant here.Sri Lanka’s government Friday ordered a “full scale investigation” into the slaying of a senior Tamil journalist who was abducted overnight as he left a restaurant here. Sivaram Dharmeratnam, […]
On Hold
The ICT Agency has moved for further time to file its objections to an Appeal Court injunction taken out by the seven network operators. The ICT Agency has moved for further time to file its objections to an Appeal Court injunction taken out by the seven network operators. The court has allowed till May 13 […]
Sri Lanka plans fresh round of US$ 250 mn commercial borrowing this year
The Sri Lankan government is planning a fresh round of US$ 250 million commercial dollar borrowing this year to plug gaps in the budget without putting too much pressure on domestic markets. The Sri Lankan government is planning a fresh round of US$ 250 million commercial dollar borrowing this year to plug gaps in the […]
Tweaking Terms
Sri Lanka plans to change the terms of controversial petroleum asset sale deal, mandating a third player to secure fuel supplies from state-run Ceypetco’s Sapugaskande refinery.Sri Lanka plans to change the terms of controversial petroleum asset sale deal, mandating a third player to secure fuel supplies from state-run Ceypetco’s Sapugaskande refinery. “The government has given […]
Nordic Goodwil
Norway has allocated Rs. 1.7 billion towards Sri Lanka’s post tsunami relief work, the Royal Norwegian Embassy said Thursday.Norway has allocated Rs. 1.7 billion towards Sri Lanka’s post tsunami relief work, the Royal Norwegian Embassy said Thursday. About Rs. 906 million of the funds, will be earmarked for humanitarian relief to provide temporary shelter, water […]
More Please
Treasury Secretary Dr. P B Jayasundera Thursday said Sri Lanka was expecting some US$ 1.5 billion annually in donor commitments over the next three to five years.Treasury Secretary Dr. P B Jayasundera Thursday said Sri Lanka was expecting some US$ 1.5 billion annually in donor commitments over the next three to five years. The international […]