Category:
Sri Lanka close to signing power purchase deal with India JV
Aug 01, 2013 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board is close to signing a power purchase deal with an Indian joint venture coal plant, a top official said. The CEB and India’s National Thermal Power Corporation is to build a 500 MegaWatt coal plant in Trincomalee but signing its power purchase agreement was […]
Cricket: Dilshan stars as Sri Lanka thrash South Africa
COLOMBO, July 31, 2013 (AFP) – Tillakaratne Dilshan narrowly missed a second successive century as Sri Lanka whipped South Africa by 128 runs in Colombo on Wednesday to wrap up the one-day series 4-1.The hosts, already holding a decisive 3-1 lead, piled up 307-4 after electing to take first strike and then shot the Proteas […]
German envoy meets Allianz junior footballers
Aug 01, 2013 (LBO) – Isuru Weerasinghe and Roshen Subash, two Sri Lankan youngsters who will attend a football camp in Munich backed by Allianz Lanka, an insurer has met the German envoy in Colombo before their departure.Isuru from Central College in Badulla and Roshen from Holy Cross College in Kalutara shared their personal stories […]
Sri Lanka sets date for polls in former war zone
August 1, 2013 (AFP) – Residents of Sri Lanka’s former war zone will go to the polls in September in a regional election expected to hand limited autonomy to minority Tamils, it was announced Thursday.The voting will be held on September 21 during a nine-hour period, a spokesman for the Election Commissioner told AFP. It […]
”’ rating confirmed by S&P; warns on debt, institutions
Aug 01, 2013 (LBO) – Standard and Poor’s has confirmed Sri Lanka’s ‘B+’ sovereign rating with a stable outlook but warned on government debt and weak institutions. Sri Lanka’s external liquidity remains exposed to international liquidity conditions. Through 2015, we project that Sri Lanka’s gross external financing needs will exceed 120% of current account receipts […]
Sri Lanka raises fag taxes to boost revenues
July 31, 2013 (LBO) – Sri Lanka has raised taxes on cigarettes to bring in an additional 1.4 billion rupees in revenues for the rest of the year, an official said. Treasury Secretary P B Jayasundera said tax revenues were picking up with an improvement seen in customs collections. The price of cigarettes based on […]
Sri Lanka 12-month Treasuries yield falls
July 31, 2013 (LBO) – Sri Lanka’s 12-month Treasuries yield fell 04 basis points to 10.52 percent at Wednesday’s auction, data from the state debt office said. In the secondary market 3-month bills were quoted at 8.65/85 percent levels and 6-month bills were quoted around 9.65/75 percent levels, dealers said. The 12-month bill was quoted […]
Sri Lanka sovereign and banking forum by Fitch
July 31, 2013 (LBO) – Fitch Ratings will hold a sovereign and banking roundtable forum in Colombo on August 06, where senior analysts from the rating agency and representatives of the financial sector will participate. Sri Lanka’s central bank Governor Nivard will be chief guest. The full statement is reproduced below: Fitch to Host First […]
Expansion Plan
July 31, 2013 (LBO) – State-run Sri Lanka Ports Authority (SLPA) expects to invest in foreign ports and look for opportunities in terminal management, a strategic plan running up to 2020 said.SLPA already has a 15 percent stake in Colombo International Container Terminal, where China Merchant (International) is the majority partner. “..SLPA will jointly explore […]
Property Rights
HANOI, July 31, 2013 (AFP) – A Vietnamese fish farmer who became a folk hero after he used homemade weapons to resist forced eviction has lost his appeal against a five-year jail term for attempted murder, a court clerk said Wednesday. Doan Van Vuon and his family rose to prominence when they armed themselves with […]
No Probe
July 30, 2013 (LBO) – Sri Lanka’s finance ministry was not probing an allegation of pay-offs in a land deal with India’s Krrish group because there was no complaint by the investor, top officials aid.Krrish in a statement last week, denied that any pay-offs had been made for the land deal. Finance secretary P B […]
Suspects
LONDON, July 30, 2013 (AFP) – Almost 100 foreign suspected war criminals were found to be living in Britain last year after applying for citizenship or asylum, the interior ministry said on Tuesday.“That, in turn, requires more political will and commitment at the higher level.” British police in May arrested five men wanted in Rwanda […]