Category: Economy and Markets
‘s Senkadagala Finance goes for dual credit ratings
Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency recently. Sri Lanka’s Senkadagala Finance has become the first entity to go for a dual credit rating, when it was rated A3 by Lanka Rating Agency recently. Tech savvy Senkadagala, […]
‘s slide to full-scale war: analysts
Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to meet face-to-face and save their fragile truce, according to analysts and mediators.Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to […]
Talks key to halting Sri Lanka’s slide to full-scale war: analysts
Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to meet face-to-face and save their fragile truce, according to analysts and mediators.Sri Lanka could slide back into civil war early in the New Year unless the government and Tamil Tiger rebels agree to […]
India to finance Colombo-Matara rail and a coal power plant
India to finance the Colombo-Matara rail network and a coal power plant in Trincomalee.India to finance the Colombo-Matara rail network and a coal power plant in Trincomalee. “It was noted that India has made an initial allocation of a Credit Line of US$ 100 million for the integrated development of the Colombo – Matara rail […]
Sri Lanka posts post-tsunami growth
Sri Lanka’s economy grew 6.4 percent in the third quarter 2005 on a rebound in the services and industries sectors, improving form the 6 percent growth recorded in the second quarter.Sri Lanka’s economy grew 6.4 percent in the third quarter 2005 on a rebound in the services and industries sectors, improving form the 6 percent […]
Year end GDP growth tipped at 5.5 %
Sri Lanka’s Central Bank on Friday opted to go with a 5.5 percent GDP growth projection for 2005, from the earlier forecasted 5 percent to 5.5 percent range. Sri Lanka’s Central Bank on Friday opted to go with a 5.5 percent GDP growth projection for 2005, from the earlier forecasted 5 percent to 5.5 percent […]
Sri Lanka raises 100 million dollars to meet oil import bill
Sri Lanka has raised a 100-million-dollar loan from foreign banks to help pay hefty oil import bills that threaten to blow a hole in the country’s balance of payments, the Central Bank said Wednesday. Sri Lanka has raised a 100-million-dollar loan from foreign banks to help pay hefty oil import bills that threaten to blow […]
Mine blast kills 10 soldiers in Sri Lanka, market plunges
Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in northern Sri Lanka, a military official said.Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in northern Sri Lanka, a military official said. The soldiers were ambushed […]
Colombo stocks plunge as trading opens on Tuesday
Colombo stocks fell three percent when trading opened on Tuesday after the Christmas break, following a weekend of violence in the North and East of the country.Colombo stocks fell three percent when trading opened on Tuesday after the Christmas break, following a weekend of violence in the North and East of the country. The All […]
Mine blast kills 10 soldiers in Sri Lanka
Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in the Jaffna peninsula in northern Sri Lanka, a military official said.Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in the Jaffna peninsula in northern Sri Lanka, […]
Tsunami rebuilding suffering in the hand of bureaucracy and racial row
The hidden hand of the December 2004 devastation was touted as the mighty force that could finally settle a 20 year feud simmering between the government and the rebel LTTE in the north and east of the tropical island nation.The hidden hand of the December 2004 devastation was touted as the mighty force that could […]
Sri Lanka braces for high-profile funeral, toll hits six
Fresh violence claimed six more lives in Sri Lanka Monday as Tamil Tiger rebels prepared for the funeral of a Tamil legislator gunned down during Christmas Mass.Fresh violence claimed six more lives in Sri Lanka Monday as Tamil Tiger rebels prepared for the funeral of a Tamil legislator gunned down during Christmas Mass. A police […]