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Sri Lanka plans to issue a US$ 25 mn sovereign bond
Feb. 01 (LBO) – Sri Lanka plans to issue a US$ 25 million sovereign bond to expatriate countrymen this week, to fund the island’s rebuilding efforts, officials said Wednesday. The small issue will not use the country’s credit rating as a marketing tool, but the government is keen to accept any extra bids over an […]
Patriotic Bonds
Feb. 01 (LBO) – Sri Lanka plans to issue a US$ 25 million sovereign bond to expatriate countrymen this week, to fund the island’s rebuilding efforts, officials said Wednesday. The small issue will not use the country’s credit rating as a marketing tool, but the government is keen to accept any extra bids over an […]
Soaring Eagle
Feb. 01 (LBO) – Aviva, UK’s largest insurance giant’s, picked up controlling stake in Eagle Insurance Ltd for £15 million or Rs. 2.7 billion, the firm said Wednesday. At present ranked the world’s sixth largest insurance group based on gross worldwide premiums, Aviva said 51 percent also came with a partnership with Eagle’s parent NDB […]
What a Stink
Feb. 01 (LBO) – The Colombo Municipal Council (CMC) says it will clear Colombo™s garbage pileup by end of the week. We have cleared most of the garbage by now. By this weekend we can clear up almost all of it, said Lalith Wickramaratne, Director Engineering, Solid Waste Management, CMC. The heavy rains and the […]
Going Soft
Feb 03 (LBO) – Sri Lanka’s key international donors put off their Friday meeting with Tamil Tiger rebels, following protests by Marxists and Buddhist monks. The stop over is a part of a global road show that began in November 2005 to launch the three applications. Soft Corner SQL Server 2005 is Microsoft’s next-generation […]
‘s
Colombo, Feb 2 (PTI) Panic-stricken Sri Lankan legislators today agreed to put off their sittings by nearly two weeks following a bomb scare inside the assembly hall. Speaker W. J. M. Lokubandara said political party leaders agreed to put off the assembly till February 14. The assembly opened today half an hour behind schedule after […]
High prices of firewood, cigarettes fail to ignite Sri Lanka’s inflation
Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices in firewood and cigarettes, the Census & Statistics Deparment said Tuesday. Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices […]
Big Step
Jan. 31 (LBO) ? Sri Lanka’s leasing industry is asking authorities to allow them to raise public deposits in return for infusing higher capital into the business, industry officials said.Jan. 31 (LBO) ? Sri Lanka’s leasing industry is asking authorities to allow them to raise public deposits in return for infusing higher capital into the […]
Raising Stakes
Jan 31 (LBO) – Aitken Spence upped its stake in Ace Power Embilipitiya (Private) Ltd.from 50 percent to 74 percent, the Colombo Stock Exchange said Tuesday. Jan 31 (LBO) – Aitken Spence upped its stake in Ace Power Embilipitiya (Private) Ltd. from 50 percent to 74 percent, the Colombo Stock Exchange said Tuesday. Ace Power […]
Import duties go up on rice, wheat flour
Jan. 31 (LBO) – Sri Lanka Tuesday raised import duties (taxes) on rice and wheat flour to discourage flour imports and to boost demand for local rice, the Finance Ministry said.It was not clear whether the tax will apply to the Singapore-owned Prima mill in Trincomalee, which imports whole grain for milling inside the country. […]
‘s inflation
Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices in firewood and cigarettes, the Census & Statistics Deparment said Tuesday. Jan. 31 (LBO) ? Sri Lanka’s annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices […]
Top donors to shake hands with Tamil Tigers on Friday
Jan. 31 (LBO) – Top officials from international donor agencies will travel to the north on Friday to meet Tamil Tiger representatives to discuss reconstruction work, a joint statement said Tuesday.Jan. 31 (LBO) – Top officials from international donor agencies will travel to the north on Friday to meet Tamil Tiger representatives to discuss reconstruction […]