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‘s corporate sector and the stockmarket – C T Smith Stockbrokers
Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed.Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed. A number of significant proposals impacting specific companies or sectors in the Colombo Stock Exchange have been put together by C T Smith Stockbrokers. Proposals that […]
Healthy Option
Small victory for Sri Lanka, with WTO decision to amend the TRIPS, to ensure access to medicines for poorer countries.Small victory for Sri Lanka, with WTO decision to amend the TRIPS, to ensure access to medicines for poorer countries. After years of lobbying, poorer members of the World Trade Organisation (WTO) saw a small victory […]
Late Reaction
The government on Friday said it would investigate the damage to a crucial submarine cable connecting the island to the rest of the world, over a year after the incidence. The government on Friday said it would investigate the damage to a crucial submarine cable connecting the island to the rest of the world, over […]
Connecting Bangladesh
The SEA-ME-WE4 cable has landed in Bangladesh. This is great news. In this time of off-shoring and Business Process Outsourcing (BPO), a country that is not connected to the outside world through optical fibre cable is at a tremendous disadvantage. Satellite connectivity is simply not enough for participation in the BPO business: the costs are […]
CHOICES: An MOU to implement MOUs
R&D or housemaids? On December 8, Bill Gates announced that Microsoft will spend US$ 850 million on research and development in India over the next four years. A few days earlier, Intel, whose Chairman is also visiting the region (including Sri Lanka), announced plans to spend US$ 1 billion in R&D in India. Things are […]
Sri Lanka army prepares for war and hopes for peace
Sri Lanka’s combat aircraft and ground troops are ready to be deployed at short notice in the aftermath of a wave of violence that killed 31 people, the military top brass announced Friday.Sri Lanka’s combat aircraft and ground troops are ready to be deployed at short notice in the aftermath of a wave of violence […]
Sri Lanka to sell international bonds
Taking advantage of its maiden sovereign rating, Sri Lanka plans to sell bonds in the international market, President Mahinda Rajapakse said Thursday. Taking advantage of its maiden sovereign rating, Sri Lanka plans to sell bonds in the international market, President Mahinda Rajapakse said Thursday. Rajapakse, 60, who is also the Finance Minister, said the island […]
International credit ratings ask Sri Lanka to spruce up its act
Top international credit rating agencies have warned Sri Lanka to spruce up act on ‘peace, politics, and public finances’, ahead of a planned international bond issue to finance its war-damaged tsunami-hit economy. Top international credit rating agencies have warned Sri Lanka to spruce up act on ‘peace, politics, and public finances’, ahead of a planned […]
S&P assigns a B+ sovereign rating for Sri Lanka
International ratings agency Standard & Poor’s has assigned a B+ sovereign rating for Sri Lanka, President Mahinda Rajapakse said Thursday. International ratings agency Standard & Poor’s has assigned a B+ sovereign rating for Sri Lanka, President Mahinda Rajapakse said Thursday. Rajapakse, in his capacity as Finance Minister, made this announcement during his budget speech to […]
Sri Lanka secures its first sovereign rating: BB-
Sri Lanka on Thursday secured its first sovereign rating of BB- from Fitch Ratings International but the rating agency warned that ‘peace and politics’ will hold the key to the island future. Sri Lanka on Thursday secured its first sovereign rating of BB- from Fitch Ratings International but the rating agency warned that ‘peace and […]
Budget 2006 – Fabric First
The government will allocate Rs.350 million to write off unpaid loans accumulated by the fabric processing industry in 2006.The government will allocate Rs. 350 million to write off unpaid loans accumulated by the fabric processing industry in 2006. The move will help the government restart fabric manufacturing in Thulhiriya and in Horara. The state is […]
Farmers get bumper harvest from budget
Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs.17.50. Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs. 17.50. The Budget proposal said that all […]