Tag: lbo
LIOC Woes
The Treasury Secretary disputed subsidy claim by Lanka IOC (LIOC), fuel retailer, which is owed over Rs.7 billion despite a bullish report on the company earlier in the week by a stock analyst. The Treasury Secretary disputed subsidy claim by Lanka IOC (LIOC), fuel retailer, which is owed over Rs. 7 billion despite a bullish […]
Sri Lanka offers compromise as Norway moves to save peace bid
Jan 22. (AFP) – Sri Lanka on Sunday offered a compromise to end a deadlock in peace moves with Tamil rebels when a Norwegian envoy visits this week, following violence that has claimed 140 lives in two months.The government said it was ready to make concessions on a venue for talks when Norway’s International Development […]
India shares tips to combat inflation
A top Indian economist said the Indian experience in dealing with inflation is a model for Sri Lanka.A top Indian economist said the Indian experience in dealing with inflation is a model for Sri Lanka. He says there are many similarities between Sri Lanka’s current macro indicators and those of India in the mid-nineties. Since […]
Water Boost
Jan 21 (LBO) – Sri Lanka’s power utility is heading into the dry season with its reservoirs full, translating into savings on expensive thermal bills and no power shortages on the cards. Last week, Victoria, the country’s largest reservoir, spilled for the first time in over five years, and water levels are topping 80 percent […]
Coal Options
Jan 20 (LBO) – Work on Sri Lanka’s first 300 MW coal plant is to start in March with Chinese funding, regardless of political pressure, the government said Friday. Jan 20 (LBO) – Work on Sri Lanka’s first 300 MW coal plant is to start in March with Chinese funding, regardless of political pressure, the […]
Sri Lanka vows talks amid bombs, Norway plays down hopes
Jan. 19 (AFP) – Four people were killed and 40 wounded in bomb attacks in Sri Lanka as Colombo vowed “every endeavour” to revive peace moves, while a top Norwegian envoy played down hopes of a breakthrough.Jan. 19 (AFP) – Four people were killed and 40 wounded in bomb attacks in Sri Lanka as Colombo […]
Sri Lanka sends troops as Nordic monitors pull out of Trincomalee
Jan. 18 (AFP) – Sri Lanka poured more troops into the restive northeastern port district of Trincomalee fearing more rebel attacks, as Scandinavian monitors pulled out of the volatile area, officials said.Jan. 18 (AFP) – Sri Lanka poured more troops into the restive northeastern port district of Trincomalee fearing more rebel attacks, as Scandinavian monitors […]
‘s trade gap widens 22%
Jan. 19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for the eleven months in 2005, though foreign remittances helped strengthen the island’s balance of payments, the Central Bank said Thursday Jan.19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for […]
Sri Lanka’s trade gap widens 22%
Jan. 19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for the eleven months in 2005, though foreign remittances helped strengthen the island’s balance of payments, the Central Bank said Thursday Jan.19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for […]
Different Tune
Jan. 17 (LBO) – Shell Gas back-pedalled on its decision to cut gas supplies following top level talks with government, but panic buying over the weekend sparked shortages in some areas.Jan. 17 (LBO) – Shell Gas back-pedalled on its decision to cut gas supplies following top level talks with government, but panic buying over the […]
Nordic monitors pull out of district after Sri Lanka blasts
Jan 17, 2006 (AFP) – Scandinavian truce monitors on Tuesday indefinitely suspended work in Sri Lanka’s northeastern port district of Trincomalee after a series of mine attacks.Jan 17, 2006 (AFP) – Scandinavian truce monitors on Tuesday indefinitely suspended work in Sri Lanka’s northeastern port district of Trincomalee after a series of mine attacks. The Norwegian-led […]
‘s import bill gallops ahead of November export earnings
Jan. 17 (LBO) – Sri Lanka’s import bill for the eleven months surged ahead of export earnings for the same period last year due to rising energy costs, but the island’s Central Bank Tuesday left its key interest rates unchanged. Jan. 17 (LBO) – Sri Lanka’s import bill for the eleven months surged ahead of […]