Tag: lankabusinessonline
Filling Up
Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a US$ 150 mn credit line. Sri Lanka is close to firming up a deal with Oil and Natural Gas Corporation (ONGC) in India, to import refined crude products under a […]
Import bill gallops ahead as fuel prices eats gains from textile and apparel exports
Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said Friday. Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said […]
Chamber says Govt., tax policies need to be more consistent and transparent
Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date.Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date. […]
Sept. inflation climbs up to 11.6%, as a hefty oil bill and a falling rupee takes its toll on the economy
Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation as measured by the Colombo Consumer […]
Economy grows 5.7% for first six months, Central Bank keeps year end target intact despite oil shock
Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and a prolonged drought, the Central Bank said Thursday.Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and […]
Going Thermal
With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than it did six months ago. With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than […]
BOI woos Singaporeans to invest in Sri Lanka
Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war.Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war. A shopping […]
Sri Lanka’s balance of payments balloons to US$ 223 mn for the six months ending June 2004
Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six months ending to June, amid higher world oil prices and a falling rupee, the Central Bank said Monday.Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six […]
Treasury says spending will be increased next year with pay hike for public servants and more money for public investment
In the first in a series leading up to the November budget this week we take a closer look at government expenditure. In the first in a series leading up to the November budget this week we take a closer look at government expenditure. Treasury says spending will be increased next year with pay hike […]
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector.Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector. The Central Bank carries […]
Rude Shock
Sri Lanka hikes prices for diesel and petrol, to ease the strain on the government coffers, as world crude prices keep steady at US$ 48 per barrel. Sri Lanka hikes prices for diesel and petrol, to ease the strain on the government coffers, as world crude prices keep steady at US$ 48 per barrel. Petrol […]
Potty Project
Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its sewer lines.Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its […]