Category: Economy and Markets
Explosions at Sri Lanka fireworks factory kill three
At least three workers were killed Tuesday in explosions at a fireworks factory outside the Sri Lankan capital Colombo, police said.At least three workers were killed Tuesday in explosions at a fireworks factory outside the Sri Lankan capital Colombo, police said. Fire engines were rushed from the nearby international airport to douse the flames, said […]
Sri Lanka’s Central Bank raises policy rates
Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign in galloping inflation Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign […]
‘s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
Sri Lanka’s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
Another registration system for tsunami victims
The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better.The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better. The computerised centres will […]
‘s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
NTB – MLL merger put up for approval
Nations Trust Bank on Thursday said it is pushing a deal to merge with Mercantile Leasing Limited.Nations Trust Bank on Thursday said it is pushing a deal to merge with Mercantile Leasing Limited. The deal will add a leasing business to NTB’s commercial banking portfolio. The merger however needs MLL board, shareholders and Central Bank […]
Sri Lanka PM agrees to scrap plans to share power with Tigers
Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main Marxist party under which he agreed to drop plans to share power with Tiger rebels, but said he hoped the move would not lead to a resumption of war. Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main […]
The ADB’s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
Tigers reject truce talks at Sri Lanka airport
Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s only international airport Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s […]
‘s private debt
Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system.Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system. The DEX initially limited to govt., […]
Sri Lanka president and PM at loggerheads over peace moves
Sri Lanka’s outgoing president will press ahead with plans to share power with minority Tamils in exchange for peace even though her prime minister has promised to ditch the plan if he succeeds her, an official said.Sri Lanka’s outgoing president will press ahead with plans to share power with minority Tamils in exchange for peace […]