Tag: lbo
BOI woos Singaporeans to invest in Sri Lanka
Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war.Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war. A shopping […]
Sri Lanka’s balance of payments balloons to US$ 223 mn for the six months ending June 2004
Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six months ending to June, amid higher world oil prices and a falling rupee, the Central Bank said Monday.Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six […]
Treasury says spending will be increased next year with pay hike for public servants and more money for public investment
In the first in a series leading up to the November budget this week we take a closer look at government expenditure. In the first in a series leading up to the November budget this week we take a closer look at government expenditure. Treasury says spending will be increased next year with pay hike […]
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector.Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector. The Central Bank carries […]
Rude Shock
Sri Lanka hikes prices for diesel and petrol, to ease the strain on the government coffers, as world crude prices keep steady at US$ 48 per barrel. Sri Lanka hikes prices for diesel and petrol, to ease the strain on the government coffers, as world crude prices keep steady at US$ 48 per barrel. Petrol […]
Potty Project
Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its sewer lines.Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its […]
USAID puts down US$ 30,000 to help Ampara community
The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in conflict-prone communities.The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in […]
Watershed
In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . The compromise is […]
ADB keeps Lanka’s growth figures intact, but says oil shocks and erratic weather patterns is fanning inflation
The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and erratic weather conditions is fanning inflation in the South Asian region. The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and […]
Keep Guessing
Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise.Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise. The Public Utilities Commission (PUC) says it was not consulted on the […]
Changing Tide
Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow.Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow. Jayasundara told […]
Still More
Sri Lanka gets OPEC help to ease its hefty fuel bill, even as a tariff hike for diesel is with Cabinet and an increase in water tariffs also on the cards. Sri Lanka gets OPEC help to ease its hefty fuel bill, even as a tariff hike for diesel is with Cabinet and an increase […]