Author: lbostgadmin
Europeans are trickling into to Sri Lanka for a sizzling winter.
October tourist arrivals show Europeans trickling into to the warm beaches of Sri Lanka for a sizzling winter vacation.October tourist arrivals show Europeans trickling into to the warm beaches of Sri Lanka for a sizzling winter vacation. “Arrivals from Europe are increasing from October because it’s the start of winter,” said the Tourist Board announcing […]
Running Condition
Sri Lanka’s railway is badly in need of a lifeline, a big fat one in that, instead for years now its has been thrown a thread to hang on to. Sri Lanka’s railway is badly in need of a lifeline, a big fat one in that, instead for years now its has been thrown a […]
Private sector workers must pay more income tax to keep their company cars.
The government wants private sector workers to compensate for work benefits and has increased the income tax on company maintained cars. The government wants private sector workers to compensate for work benefits and has increased the income tax on company maintained cars. If you’re thinking of asking your boss for a car the next time […]
Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative
Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative, and Board decisions are taken independently.Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative, and Board decisions are taken independently. […]
Pitching for Dollars
The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued at US $ 977.7 mn. The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued […]
Sri Lanka’s weak currency slipped to another milestone on Mon., when the Japanese Yen equalised to the rupee
The yen touched base with the rupee on Monday as a balance of payments deficits notches higher and speculation of exchange controls continue to linger in the market.The yen touched base with the rupee on Monday as a balance of payments deficits notches higher and speculation of exchange controls continue to linger in the market. […]
Sri Lankan government admits it is in a foreign exchange crisis, shackled by a backward looking policy framework which has put reforms and the peace process in a limbo
Sri Lanka’s opposition United National Party warned that by printing money, and keeping interest rates artificially low, while foreign reserves are dwindling, the authorities are rapidly driving the economy towards another serious crisis. Sri Lanka’s opposition United National Party warned that by printing money, and keeping interest rates artificially low, while foreign reserves are dwindling, […]
Good Omen
Sri Lanka Telecom’s maiden international debt issue took another step, when the telco giant picked up two foreign currency ratings for it debenture issue. Sri Lanka Telecom’s maiden international debt issue took another step, when the telco giant picked up two foreign currency ratings for it debenture issue. The dominant carrier waltzed off with a […]
Conference Call
A cultural backlash and regulatory red tape is stifling growth for call centre operators, but a new formed Association says it wants to lobby for change. A cultural backlash and regulatory red tape is stifling growth for call centre operators, but a new formed Association says it wants to lobby for change. Business Process Outsourcing […]
Warming Up
The Kyoto Protocol will come into effect early next year with Russia finally ratifying the agreement to cut down on green house gasses.The Kyoto Protocol will come into effect early next year with Russia finally ratifying the agreement to cut down on green house gasses. “Now that Russia has joined the 126 other signatory countries, […]
HDFC Bank picks up A (sri) rating from Fitch for its upcoming Rs. 500 mn debt issue
State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue.State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue. An A (sri) long […]
Sri Lanka Telecom gets top billings from international rating agencies Fitch and Standard & Poor’s
International credit rating agencies, Standard & Poor’s and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. International credit rating agencies, Standard & Poor’s and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. Standard & Poor’s (S&P) have given SLT a B+ rating for its upcoming US$ 100 mn unsecured debenture issue, […]