Category:
” hotel expects to open this month: official
Oct 12, 2012 (LBO) – Sri Lanka’s Uga Escapes leisure group will open a resort in the north eastern coast of Passikudah and the firm expects to sell a room at 250 to 300 US dollars a night, an official said. Sri Lanka is seeing a tourism boom after the end of a 30-year civil […]
Sri Lanka and India to strike nuke deal, accident response
Oct 12, 2012 (LBO) – Sri Lanka and India will move towards striking a comprehensive agreement on civil nuclear co-operation, a joint statement issued after the first discussions between the two countries on the issue said. At the first round of talks held in Delhi representative from foreign ministries of the two countries and the […]
Sri Lanka forestry program expanded by Australia
Oct 12, 2012 (LBO) – A community based program to increase forest cover in Sri Lanka’s dry zone and support small farmers has been launched by Australia and the United National Development Program. “Forests are a critical environmental and economic resource for Sri Lanka,” the Australian embassy in Colombo said in a statement. “During the […]
Sri Lanka and India appoints task force to promote trade
Oct 12, 2012 (LBO) – Sri Lanka and India is appointing a joint task force with representatives from the private and state sectors to boost trade and investment, information minister Keheliya Rambukwelle said. Sri Lanka has appointed Kulatunga Rajapaksa from Samson International, Susantha Ratnayake from John Keells Holdings and Ashrof Omar from Brandix as representative […]
Sri Lanka to discuss new program later: IMF Rep
Oct 12, 2012 (LBO) – A separate mission would arrive in Sri Lanka to have discussion on an ongoing program with Sri Lanka with the end of a successful 2. 5 billion US dollar standby arrangement, an International Monetary Fund official said. IMF’s resident representative in Colombo Koshy Mathai said a mission that had just […]
Sri Lanka stocks close down 0.89 pct
October 11, 2012 (LBO) – Sri Lanka stocks continued a losing streak and closed down 0.89 percent Thursday with sharp drops seen in several counters earlier in the day, brokers said. The Colombo All Share Index closed at 5,720.86 down 51.66 points and the S & P SL 20 Index closed 34.82 points lower at […]
Sri Lanka US$60mn property project by Pakistan firm
Oct 11, 2012 (LBO) – Imperial Builders (Pvt) Ltd, a unit of Pakistan based Lakhani group is investing in a 60 million US dollar project to develop land in Sri Lanka’s capital Colombo, the island’s investment promotion agency said. Imperial Builders and Sri Lanka’s Urban Development Authority will build alternative accommodation for shanty dwellers in […]
Sri Lanka water supply project to get more ADB finance
Oct 11, 2012 (LBO) – Sri Lanka will negotiate with the Asian Development Bank to get 40 million US dollars of additional financing for a water supply project in Sri Lanka’s dry zone, minister Keheliya Rambukwelle said. This project on completion will provide safe drinking water to more than 453,000 people living. The project involves […]
Sri Lanka borrowings not limited to China: Treasury Secretary
Oct 11, 2012 (LBO) – Sri Lanka’s external financing has got diversified out of a traditional Western led donor group but the country was not just depending on China, despite such a perception building up, Treasury secretary P B Jayasundera said. “Although there is a perception that we have only Chinese assistance for development, the […]
” ranking
Oct 11, 2012 (LBO) – Sri Lanka expects to move up on an ease of doing business ranking compiled by World Bank group for 2013, a multilateral lender, the island’s central bank which has been involved in moves to improve the ranking said. A state or territory can move down on the rankings even without […]
Sri Lanka mine clearing boosted by Japan
Oct 11, 2012 (LBO) – Japan has give 96 million rupees (737,575) US dollars to clear mines in Sri Lanka’s former war zones where a civil war raged for 30-years until 2009, to help war refugees return to their former homes. The Japanese embassy in Colombo said the money will be used by Delvon Assistance […]
Sri Lanka Treasuries yields fall
Oct 10, 2012 (LBO) – Sri Lanka’s Treasuries yield fell at Wednesday’s auction with the 3-month yield falling as much as 37 basis points, data from the state debt office showed. The 6-month yield fell 33 basis points to 11.77 percent and the 12-month yield fell 19 basis points to 12. 48 percent. The debt […]