Tag: lbo
Playing Safe
Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy to hedge its crude imports, Treasury Secretary said.Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy […]
Fuel Vouchers
Lanka IOC is opting for a book building process to raise up to Rs.2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. Lanka IOC is opting for a book building process to raise up to Rs. 2.4 bn through a public offering to issue 1.33 mn shares, its CEO said. […]
Royal Ceramics shareholders approve share split
Royal Ceramics (RCL) share will be suspended for trading over three day to allow the company to push through a share capital restructuring proposal.Royal Ceramics (RCL) share will be suspended for trading over three day to allow the company to push through a share capital restructuring proposal. Shareholders on Tuesday approved the proposal to subdivide […]
Government hopes to spend Rs. 438 bn next year
Government expenditure is estimated to go up to Rs.438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr.Sarath Amunugama told parliament.Government expenditure is estimated to go up to Rs. 438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr. Sarath Amunugama told parliament. Presenting government finances for next year […]
Treasury Secretary says the government and the Central Bank have lost their independence in setting fiscal and monetary policies
The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week.The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week. The falling government revenue has meant that increasing […]
Import tax on cars, vans and dump trucks up from Friday
Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Excise duty on cars went up from 25 percent up to […]
‘s lack of interest in peace talks
The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of interest from the LTTE.The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of […]
India, Sri Lanka to to harmonise standards and certification procedures by early next year
Sri Lanka and India are trying to harmonise standards and certification procedures between the two countries by early next year to move the Indo-Lanka agreement another step forward.Sri Lanka and India are trying to harmonise standards and certification procedures between the two countries by early next year to move the Indo-Lanka agreement another step forward. […]
Government baffled by the LTTE’s lack of interest in peace talks
The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of interest from the LTTE.The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of […]
Gas Auction
Shell Sri Lanka is gearing up for a due diligence of local operations, falling in line with parent plans to sell off its global LPG business, and grow its hunt for oil.Shell Sri Lanka is gearing up for a due diligence of local operations, falling in line with parent plans to sell off its global […]
Central Bank differs rate hike, as inflation gallops ahead
Sri Lanka’s budget deficit expands and reserves make a small recovery, as the government differs payments and opts for dollar bonds to balance the books.Sri Lanka’s budget deficit expands and reserves make a small recovery, as the government differs payments and opts for dollar bonds to balance the books. The overall budget deficit for first […]
Impacts of Sethusamudram to be discussed this month
The initial findings on the impact of India’s Sethusamudram ship canal project on Sri Lanka, will be submitted to the government this month.The initial findings on the impact of India’s Sethusamudram ship canal project on Sri Lanka, will be submitted to the government this month. The initial findings, relating to specific areas, will be submitted […]