Category: Economy and Markets
‘s Central Bank rejects high bond auction bids
Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Monetary Board member Deva Rodrigo […]
Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks.
Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks.Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks. A new tax on construction projects with retrospective effect from […]
Sri Lanka Tigers mourn slain cadres amid tight security
Tamil Tiger rebels were observing a day of mourning in northeastern Sri Lanka, a day after two of their senior members and two others were killed in a grenade attack, residents said. Tamil Tiger rebels were observing a day of mourning in northeastern Sri Lanka, a day after two of their senior members and two […]
Toss between loose fiscal policy and high interest rates
Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face of loose fiscal policy.Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face […]
Four killed in attack on Tamil Tiger office in Sri Lanka
Unidentified attackers hurled grenades at an office belonging to Tamil Tiger rebels in northeast Sri Lanka, killing at least four people, a military official said. Unidentified attackers hurled grenades at an office belonging to Tamil Tiger rebels in northeast Sri Lanka, killing at least four people, a military official said. The attackers targeted the office […]
Four men killed in Colombo
Police found the bullet riddled bodies of four men dumped inside a four-wheel drive vehicle parked near Colombo’s main conference centre, officials said.Police found the bullet riddled bodies of four men dumped inside a four-wheel drive vehicle parked near Colombo’s main conference centre, officials said. The motive for the mass killing was not immediately clear, […]
US supports P-TOMS, but wont put money in P-TOMS trust fund
The US says it will not put money for tsunami reconstruction into the P-TOMS (Post Tsunami Operational Management Structure) trust fund due to “legal restrictions.” The US says it will not put money for tsunami reconstruction into the P-TOMS (Post Tsunami Operational Management Structure) trust fund due to “legal restrictions.” A statement from the US […]
Sri Lanka will not be forced to hold snap polls: minister
Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would not be forced to hold snap elections, despite losing the support of its main Marxist ally.Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would […]
‘s Leasing picks up a new funding line
Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. People’s Leasing Co. (PLC) which issued the lease-backed securities, also picked up a Rs.150 million […]
Sri Lanka Tigers honour 241 suicide bombers
Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 who perished in similar attacks, the rebels said.Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 […]
Sri Lankan aid-sharing deal stirs political turmoil
Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said.Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said. The Oslo-arranged […]
Heroin, cannabis threat in Sri Lanka
Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC).Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC). “Global drug use has risen by some 8 percent in the past year, with cannabis leading […]