Tag: lankabusinessonline
Korea business delegation visiting Sri Lanka in June
May 27, 2013 (LBO) – A business delegation from Korea will be visiting Sri Lanka in June to meet partners in Sri Lanka, the Ceylon Chamber of Commerce said.The delegation is interested in meeting businesses in liquor, ship maintenance and conversion, steel, tourism, vehicle components, housing and construction, the chamber said. The delegation which will […]
Oil Pipe
May 28, 2013 (LBO) – State-run Ceylon Petroleum Corporation is repairing an off-shore oil pipeline is expected to completed Tuesday allowing crude to be unloaded from a tanker that was standing by, Sri Lanka’s petroleum ministry said.CPC’s refinery was shut after a consignment of crude failed to arrive in time, but when a second tanker […]
Sri Lanka President promised more funding by China Exim Bank
May 28, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa had been promised more funding by head of the Export Import of Bank of China, Li Ruogu during talks in Beijing, his office in Colombo said. President Rajapaksa is on a four day visit to Beijing. The Exim Bank chief will extend support for road […]
Way Cleared
May 28, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has re-started its 50,000 barrels per day refinery after a crude carrier started discharging cargo through a repaired pipeline, the island’s petroleum ministry said.. The off-shore single point buoy mooring system and pipeline through which crude is unloaded and brought to the refinery was […]
Sri Lanka and China to negotiate free trade deal, expressway funding
May 28, 2013 (LBO) – Sri Lanka and China will negotiate a free trade deal and Chinese support has been pledged for a planned expressway to the north of the island following a state visit by President Rajapaksa to Beijing.During bilateral meetings, agreement had been reached to set up two committees that will work towards […]
Sri Lanka President to boost economic, political ties with China visit
May 27, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa has begun a state visit to China meeting top leaders on wide ranging issues including economic, international affairs and defence, his office in Colombo said. President Rajapaksa will also attend inaugural ceremonies of the Global Service Forum Beijing Summit and the 2013 International Conference of […]
Sri Lanka post-war growth shift smaller
May 27, 2013 (LBO) – A post-war growth spurt is temporary and there was no ‘structural shift’ to eight percent a year from six, needing policy changes, an economist said, echoing a call by the International Monetary Fund to improve policy. Harsha De Silva, who is also a legislator for the opposition said while there […]
Sri Lanka not revealing fiscal data according to law: legislator
May 27, 2013 (LBO) – Sri Lanka current administration is breaking the law in withholding information that should be filed in parliament under a fiscal responsibility law, which should be corrected from this year, a legislator has said.In the first three months of the year state and SOE borrowings from the banking system rose to […]
Sri Lanka monk dies after self-immolation
May 25, 2013 (AFP) – A Sri Lankan Buddhist monk died Saturday of severe burns a day after setting himself on fire to protest the slaughter of cattle, an official said.Bowatte Indaratna, 30, succumbed to his injuries at the National Hospital in Colombo where he was rushed Friday after his self-immolation bid in front of […]
‘s last rites spark Sri Lanka protest
COLOMBO, May 26, 2013 (AFP) – About 200 Sri Lankan Buddhists blocked traffic in the capital Colombo on Sunday to protest after authorities rejected a state funeral for the country’s first ever monk to self-immolate.More than 110 Tibetan Buddhists have set themselves ablaze since 2009 to protest China’s rule of the Tibetan plateau, rights groups […]
Sri Lanka state, SOE, bank borrowings top Rs100bn in March
May 26, 2013 (LBO) – Bank credit to Sri Lanka’s state enterprises and central government surged to 100.6 billion rupees in March 2013 from 36.7 billion a month earlier, official data shows, perhaps the highest ever in a single month.But the broader public sector deficit with loss making energy enterprises was 8.6 percent of GDP […]
Sri Lanka monk fights for life after immolation bid
May 25, 2013 (AFP) – A Sri Lankan monk was fighting for his life Saturday, a day after setting himself on fire to protest the slaughter of cattle, an official said. Bowatte Indaratna, 30, was flown to the main National Hospital in Colombo from the pilgrim town of Kandy where he doused himself with gasoline […]