Tag: lbo
Iraqi militants holds Sri Lankan and Bangladeshi hostage
The Islamic Army in Iraq has announced it abducted a driver from Sri Lanka and another from Bangladesh who work for a Kuwaiti company, Al-Jazeera television said Thursday, showing footage of the pair The Islamic Army in Iraq has announced it abducted a driver from Sri Lanka and another from Bangladesh who work for a […]
Sri Lanka seeks details of hostage in Iraq
Sri Lanka has asked its diplomatic mission in Lebanon to obtain more details about a report that the Islamic Army in Iraq has taken one of its nationals hostage, a foreign ministry official said Friday.Sri Lanka has asked its diplomatic mission in Lebanon to obtain more details about a report that the Islamic Army in […]
Grenade Attack Kills Swiss Man In East
A Swiss man was killed by a grenade thrown into his bathroom by suspected Tamil Tiger rebels amid escalating violence in eastern Sri Lanka, police and military officials said Tuesday A Swiss man was killed by a grenade thrown into his bathroom by suspected Tamil Tiger rebels amid escalating violence in eastern Sri Lanka, police […]
The Inland Revenue gearing for another round of amnesties
With the Speaker finally certifying the new amnesty law, the Inland Revenue is getting ready to call for another round of pardons to tax defaulters.With the Speaker finally certifying the new amnesty law, the Inland Revenue is getting ready to call for another round of pardons to tax defaulters. “The Act has been certified so […]
Top lending agency throws media out of donor confab, Treasury Secretary apologises
Sri Lanka’s top civil servant in charge of the economy apologized to the media after they were thrown out of a donor meeting earlier in the week at the behest of a top lending agency.Sri Lanka’s top civil servant in charge of the economy apologized to the media after they were thrown out of a […]
Govt. prepares new poverty reduction strategy paper
The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year.The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year. The Finance […]
Revenge of the Pharaohs
Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva.Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva. Mr. Lankadeva […]
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. […]
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 […]
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 […]