Tag: lbo
Pouring petrol to the country’s galloping inflation
Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push the country to war to distract the people.Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push […]
Peace hopes dim as Sri Lanka rejects Tiger demand
Sri Lanka’s peace hopes have hit rock bottom after Colombo rejected rebel demands and pushed the embattled nation closer to a resumption of war, analysts said Thursday.Sri Lanka’s peace hopes have hit rock bottom after Colombo rejected rebel demands and pushed the embattled nation closer to a resumption of war, analysts said Thursday. The government […]
Fire Power
The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka.The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka. “The government will support the first 50 MW of pioneering dendro developers,” said Harsha Wickramasinghe, Project Director, Energy Conservation Fund. […]
Cozy Union
India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run company Ceylon Petroleum Corp. to take up exploration in Southern India’s Cauvery basin, reports the Economic Times newspaper Tuesday India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run […]
Consumer Price inflation climbs again in November, upward bound since April.
Consumer Price Inflation in Colombo climbed again in November, continuing a trend started in April 2004. Consumer Price Inflation in Colombo climbed again in November, continuing a trend started in April 2004. The Colombo Consumer Price Index (CCPI) rose 13.1 percent in the 12 months to November 2004, up from 12.1 in November, the Central […]
Sri Lankan president under public pressure to resume executions
The assassination of a Sri Lankan judge two weeks ago has put pressure on President Chandrika Kumaratunga to consider signing death warrants and start hanging death-row inmates for the first time in 28 years.The assassination of a Sri Lankan judge two weeks ago has put pressure on President Chandrika Kumaratunga to consider signing death warrants […]
US exports to get hit by increased duties in 2005
Over seventy categories of US exports from sweet corn to clothes and sports footwear can face increased duties in world markets next year.Over seventy categories of US exports from sweet corn to clothes and sports footwear can face increased duties in world markets next year. The EU is already threatening to hit a long list […]
Sri Lanka rejects Tiger demand for unconditional talks
Sri Lanka’s government Wednesday rejected a rebel demand for an unconditional resumption of talks and accused Tiger guerrillas of using “threateneing language” to undermine peace efforts.Sri Lanka’s government Wednesday rejected a rebel demand for an unconditional resumption of talks and accused Tiger guerrillas of using “threateneing language” to undermine peace efforts. In its first reaction […]
And Counting….
The Lanka IOC issue had attracted more than Rs. 24 bn, or more than 1 percent of GDP, even before all the postal and regional stock exchange applications were counted. Foreign applications had topped US $ 95 mn. “We are very encouraged by the foreign investor response,” says Vajira Kulathilaka, Head of NDB Investment Bank, […]
EU invests in local intellectual property rights laws to safeguard European brands
The EU is investing € 100,000 in local intellectual property laws to make sure European brands and copyrights are protected in Sri Lanka.The EU is investing € 100,000 in local intellectual property laws to make sure European brands and copyrights are protected in Sri Lanka. “The budget for the entire project is around Î 100,000.Implementation […]
No short cuts to peace, says a South African peace delegation
Peace doesn’t come easy, so start working at it, says a team of South African peace delegates, to Sri Lanka’s business community.Peace doesn’t come easy, so start working at it, says a team of South African peace delegates, to Sri Lanka’s business community. As Biki Minyuku, the former head of South Africa’s Truth and Reconciliation […]
Oil Dollars
Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka has applied for […]