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Sri Lanka’s September inflation dips
Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday.Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. The twelve […]
Everybody’s getting richer says the Central Bank
Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to expand Sri Lanka’s second quarter economy, the country’s Central Bank said Friday.Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to […]
The US will defer Sri Lanka’s debt for a year as tsunami bonus
The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building.The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building. “The deferred […]
‘s debt for a year as tsunami bonus
The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building.The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building. “The deferred […]
Sri Lanka seeks proposals to structure upcoming US$ 100 mn bond issue
Sri Lanka’s Central Bank has sought proposals from foreign and local banks to structure a dollar bond issue aimed at funding upcoming infrastructure projects, officials said Friday.Sri Lanka’s Central Bank has sought proposals from foreign and local banks to structure a dollar bond issue aimed at funding upcoming infrastructure projects, officials said Friday. Following twin […]
Sri Lanka plans to issue dollar bonds aimed at tapping migrant workers
Sri Lanka plans to raise around US$ 100 million through an international bond issue next month to finance key infrastructure projects, the island’s Treasury Secretary said Thursday. Sri Lanka plans to raise around US$ 100 million through an international bond issue next month to finance key infrastructure projects, the island’s Treasury Secretary said Thursday. The […]
Cross Shopping
The Railway Authority says it will help set up small businesses for the men manning its bamboo gates at level crossings, to ensure their presence at their posts. The Railway Authority says it will help set up small businesses for the men manning its bamboo gates at level crossings, to ensure their presence at their […]
Oil Spurt
Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity at its Sapugaskanda refinery and save on its fuel bill.Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity […]
‘s September inflation dips
Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday.Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. The twelve […]
‘s getting richer says the Central Bank
Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to expand Sri Lanka’s second quarter economy, the country’s Central Bank said Friday.Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to […]
Foreign investments bypassing paradise isle
Foreign investments bypassing paradise isle, despite preferential trade access to major world markets. Sri Lanka’s investment promotion agency, the Board Of Investment (BOI), says foreign investment is not flowing into the island, despite preferential access into two of the world’s largest markets – India, and the EU. “Investment into Sri Lanka has been stagnating for […]
Robot Cop
Sri Lanka’s traffic police have sought new armory to force insurance companies to report road accidents, after discovering empty pages in national road safety records.Sri Lanka’s traffic police have sought new armory to force insurance companies to report road accidents, after discovering empty pages in national road safety records. There has been an average 20 […]