Author: lbostgadmin
Peace hopes dim as Sri Lanka rejects Tiger demand
Sri Lanka’s peace hopes have hit rock bottom after Colombo rejected rebel demands and pushed the embattled nation closer to a resumption of war, analysts said Thursday.Sri Lanka’s peace hopes have hit rock bottom after Colombo rejected rebel demands and pushed the embattled nation closer to a resumption of war, analysts said Thursday. The government […]
Fire Power
The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka.The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka. “The government will support the first 50 MW of pioneering dendro developers,” said Harsha Wickramasinghe, Project Director, Energy Conservation Fund. […]
Extra Mile
Trishaw owners have become a privileged lot, first fuel subsidies and tax cuts from the government and now individual attention from Peoples Bank.Trishaw owners have become a privileged lot, first fuel subsidies and tax cuts from the government and now individual attention from Peoples Bank. The bank says there are 200,000 registered three wheelers, with […]
Consumer Price inflation climbs again in November, upward bound since April.
Consumer Price Inflation in Colombo climbed again in November, continuing a trend started in April 2004. Consumer Price Inflation in Colombo climbed again in November, continuing a trend started in April 2004. The Colombo Consumer Price Index (CCPI) rose 13.1 percent in the 12 months to November 2004, up from 12.1 in November, the Central […]
Sri Lankan president under public pressure to resume executions
The assassination of a Sri Lankan judge two weeks ago has put pressure on President Chandrika Kumaratunga to consider signing death warrants and start hanging death-row inmates for the first time in 28 years.The assassination of a Sri Lankan judge two weeks ago has put pressure on President Chandrika Kumaratunga to consider signing death warrants […]
US exports to get hit by increased duties in 2005
Over seventy categories of US exports from sweet corn to clothes and sports footwear can face increased duties in world markets next year.Over seventy categories of US exports from sweet corn to clothes and sports footwear can face increased duties in world markets next year. The EU is already threatening to hit a long list […]
Sri Lanka rejects Tiger demand for unconditional talks
Sri Lanka’s government Wednesday rejected a rebel demand for an unconditional resumption of talks and accused Tiger guerrillas of using “threateneing language” to undermine peace efforts.Sri Lanka’s government Wednesday rejected a rebel demand for an unconditional resumption of talks and accused Tiger guerrillas of using “threateneing language” to undermine peace efforts. In its first reaction […]
Cozy Union
India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run company Ceylon Petroleum Corp. to take up exploration in Southern India’s Cauvery basin, reports the Economic Times newspaper Tuesday India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run […]
Gem Float
The Ceylinco group got another foot into the local gem and jewellery industry by floating a new company to finance gem trading and mining. The Ceylinco group got another foot into the local gem and jewellery industry by floating a new company to finance gem trading and mining. “We will not be competing with the […]
Drain Gain
Brain drain has its upside says a new UN Economic and Social Survey, contributing generously to a developing countries external reserves.Brain drain has its upside says a new UN Economic and Social Survey, contributing generously to a developing countries external reserves. Sri Lanka’s private remittance adds up to about 7.75% of GDP, ranking it with […]
Drip Aid
Sri Lanka signed up for Rs. 26.1 bn worth of concessional aid from Japan to promote economic stabilization and development, the Finance Ministry said Wednesday.Sri Lanka signed up for Rs. 26.1 bn worth of concessional aid from Japan to promote economic stabilization and development, the Finance Ministry said Wednesday. The loans will carry a concessional […]
Sri Lanka currency weakens to more than 200 against the pound
Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri Lanka said Wednesday. Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri […]