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Rating Agency Malaysia in talks to take full control of Lanka Ratings Agency
The Ceylinco Consolidated Group is in talks with Rating Agency Malaysia (RAM) to sell off its equity stake in Lanka Ratings Agency, a top official said. The Ceylinco Consolidated Group is in talks with Rating Agency Malaysia (RAM) to sell off its equity stake in Lanka Ratings Agency, a top official said. Lanka Ratings is […]
With Love
India offered a three-year debt moratorium to Sri Lanka during a review of their bilateral relations at high-level official talks here, the two sides said in a joint statement Tuesday.India offered a three-year debt moratorium to Sri Lanka during a review of their bilateral relations at high-level official talks here, the two sides said in […]
Smoothing the Way
The Multilateral Investment Guarantee Agency (MIGA) – international insurer against non-commercial risk, in the World Bank group – to set up a trust fund to encourage private investment in Sri Lanka.The Multilateral Investment Guarantee Agency (MIGA) – international insurer against non-commercial risk, in the World Bank group – to set up a trust fund to […]
Get Cracking
SYDNEY, May 3 (AFP) – Hundreds of containers holding supplies for tsunami victims are stranded on a wharf in Sri Lanka because customs officers are demanding extra taxes and storage fees, according to angry Australian charity workers.SYDNEY, May 3 (AFP) – Hundreds of containers holding supplies for tsunami victims are stranded on a wharf in […]
Silicone Valley
A woman holds up silicone implants used to enhance breast size Well endowed Sri Lankan women rarely go the silicone way to grow their bust size. But new implants on the market have just opened all options for women wanting to pad up the front line. Sri Lanka has just nine plastic surgeons to […]
About to Blow
Ceylon Electricity Board unions (CEB) will go on a half day token strike tomorrow, protesting against a Cabinet paper to restructure the loss making utility.Ceylon Electricity Board unions (CEB) will go on a half day token strike tomorrow, protesting against a Cabinet paper to restructure the loss making utility. The Government is to take up […]
Former US president Clinton to skip Sri Lanka aid meet
Former US president Bill Clinton will not attend a key Sri Lankan foreign aid review this month as scheduled, but will be represented by his deputy, government officials here said Tuesday.Former US president Bill Clinton will not attend a key Sri Lankan foreign aid review this month as scheduled, but will be represented by his […]
India, Sri Lanka discuss defence, trade
India and Sri Lanka opened talks here Monday on defence and trade cooperation as both countries pledged to work closely on enhancing bilateral ties, diplomats said.India and Sri Lanka opened talks here Monday on defence and trade cooperation as both countries pledged to work closely on enhancing bilateral ties, diplomats said. Top civil servants of […]
Serious Business
Sri Lankan police Monday announced a major crackdown against speeding drivers after two buses racing each other killed a passenger and injured 16 in the same area where a train-bus crash killed 37 last week.Sri Lankan police Monday announced a major crackdown against speeding drivers after two buses racing each other killed a passenger and […]
Joint Pain Persists
Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) say their tsunami reconstruction aid cannot be channeled through a trust fund controlled by the LTTE.Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) say their tsunami reconstruction aid cannot be channeled through a trust fund controlled by the LTTE. […]
Petropolitics
Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Central […]
Central Bank says monetary management was challenging last year due to economic shocks
Central Bank said the economy grew by a slower 5.4 percent last year and expects similar growth this year.The bank also said monetary management was challenging last year due to economic shocks. Central Bank said the economy grew by a slower 5.4 percent last year and expects similar growth this year. The bank also said […]