Tag: lankabusinessonline
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. […]
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 […]
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 […]
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 […]
‘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 […]
Peace Advice
Jan. 29 (LBR) – Big business can do more to cement the peace process by focusing on weak links like human rights and promoting pluralism according to experts.Jan. 29 (LBR) – Big business can do more to cement the peace process by focusing on weak links like human rights and promoting pluralism according to experts. […]
High Power
Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to around Rs.11.00 a unit once an expensive diesel plant comes on line next year to shore up the crisis riddled energy sector according to an expert.Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to […]
Thrice Lucky
The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan.The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan. […]
Sri Lanka welcomes peace moves as president wins support with defections
Jan. 25 (LBO) ? Sri Lanka Wednesday welcomed moves to restart peace talks with Tamil Tiger rebels next month as two opposition lawmakers defected to strengthen President Mahinda Rajapakse?s government. Jan. 25 (LBO) ? Sri Lanka Wednesday welcomed moves to restart peace talks with Tamil Tiger rebels next month as two opposition lawmakers defected to […]
Escaping fiscal dominance key to lowering inflation in India: RBI economist
Mar 26, 2006 (LBO) – Sri Lanka’s central bank has to gain independence from the treasury, if it is to bring down inflation and protect the poor, a top Indian economist said. . Until the balance of payments crisis in the early 90’s forced the Indian government to open the economy and undertake major reforms, […]
Norway envoy in crucial talks with Tigers to save truce
KILINOCHCHI, Jan 25, 2006 (AFP) – Norway’s top peace envoy Wednesday began talks with Tamil rebels in northern Sri Lanka aimed at saving a troubled ceasefire amid rising violence, including bomb attacks in the capital.KILINOCHCHI, Jan 25, 2006 (AFP) – Norway’s top peace envoy Wednesday began talks with Tamil rebels in northern Sri Lanka aimed […]
Building Plan
Jan 24 (LBO) – A new set of housing guidelines published by the National Housing authority, tries to keep coastal dwellings standing should a tsunami strike again.Jan 24 (LBO) – A new set of housing guidelines published by the National Housing authority, tries to keep coastal dwellings standing should a tsunami strike again. The National […]