Tag: lbo
Bill Me Later
The Sri Lankan government is trying to partly offset monies due to Indian Oil Corp’s local unit by offering assets, treasury bonds and cash, as fuel subsidy payments threaten to snowball to US$ 140 million by year end, officials said Friday.The Sri Lankan government is trying to partly offset monies due to Indian Oil Corp’s […]
Another registration system for tsunami victims
The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better.The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better. The computerised centres will […]
‘s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
The ADB’s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
NTB – MLL merger put up for approval
Nations Trust Bank on Thursday said it is pushing a deal to merge with Mercantile Leasing Limited.Nations Trust Bank on Thursday said it is pushing a deal to merge with Mercantile Leasing Limited. The deal will add a leasing business to NTB’s commercial banking portfolio. The merger however needs MLL board, shareholders and Central Bank […]
Sri Lanka PM agrees to scrap plans to share power with Tigers
Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main Marxist party under which he agreed to drop plans to share power with Tiger rebels, but said he hoped the move would not lead to a resumption of war. Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main […]
Tigers reject truce talks at Sri Lanka airport
Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s only international airport Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s […]
Sri Lanka’s co-chairs of peace gather in two weeks for extraordinary meeting
Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport to review their troubled truce, after weeks of haggling over a venue.Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport […]
Sri Lanka president and PM at loggerheads over peace moves
Sri Lanka’s outgoing president will press ahead with plans to share power with minority Tamils in exchange for peace even though her prime minister has promised to ditch the plan if he succeeds her, an official said.Sri Lanka’s outgoing president will press ahead with plans to share power with minority Tamils in exchange for peace […]
‘s co-chairs of peace gather in two weeks for extraordinary meeting
Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport to review their troubled truce, after weeks of haggling over a venue.Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport […]
July garment imports take a dip
Garment exports dropped two percent to US$ 263 million in July, ending a long growth standing streak due to higher costs and competition after the quote regime ended in 2004.Sector exports for the first seven months are however up 6.4 percent but analysts say stagnant prices and lower imports by the sector indicate further drops. […]
Sri Lanka to support food aid flexibility at international trade talks.
Sri Lanka to support food aid flexibility at international trade talks, against looming agriculture subsidy reduction shocks.Sri Lanka to support food aid flexibility at international trade talks, against looming agriculture subsidy reduction shocks. With impending cuts on export subsidies due to increase food prices and food aid also under threat, Sri Lanka is putting its […]