Sri Lanka hopes to keep budget gap below 9%
The Sri Lankan government expects its budget deficit to be less than 9% of gross domestic product in 2005, helped by steady revenue growth, the country's …
Next Stop
An August 01 railway fare hike will cut the commuter service’s losses by an estimated Rs. buy zithromax online …
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Slow port development is the threat to the local economy, not Sethusamudram, say local ship agents. online pharmacy buy spiriva inhaler with best prices today …
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Dialog on Tuesday tapped HSBC for a Rs. 2.46 bn five year loan to pay back its Malaysian parent. Dialog on Tuesday tapped HSBC for a Rs. 2.46 bn five year loan …
Tighten Belts
Asia will feel the weight of economic adjustments in China and the US, warns Asian banking giant HSBC. buy vilitra online …
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Laugfs Gas will cut Rs. 101 off its 12.5 kg retail cylinder price, after the Govt. online pharmacy buy strattera with best prices today in the USA online …
Lease Tease
Leasing companies and mortgage banks are raising more money through debt issues to take advantage of higher demand for credit and to cap their own interest …
Sri Lankan rupee heads down faster than expected
Sri Lanka's exchange rate has started to depreciate faster despite the Central Bank using its reserves to defend the currency. buy antabuse online …
New roof for quoted corporate bond market
Sri Lanka's slow moving quoted corporate bond market is hoping for better times, after hopping over to the specialised debt exchange system (DEX) last week. …
Quick Fire
Prudential Assurance Ltd, is hoping its inhouse expertise to structure financial packages, will help gain a toe into Sri Lanka's competitive insurance market. …
UN says tsunami victims not properly consulted for reconstruction
Seven months after the tsunami, the UN says tsunami victims in Sri Lanka have not been properly consulted in tsunami reconstruction. buy strattera online …
Sri Lanka faces Rs. 10 bn revenue shortfall due to recent populist tax cuts
Over one and quarter billion rupees is likely to be lost due to government's recent Value Added Tax (VAT) exemptions on milk-powder and LP Gas. Over one and …
Commercial Bank structures derivative deal for its leasing unit
Sri Lanka's Commercial Bank of Ceylon, has structured an interest rate swap with a notional value of Rs. buy vidalista online …
Counting Chickens?
State-run Bank of Ceylon is negotiating with the Treasury to re-price Rs. buy diflucan online …
Re-routed
Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff is …
Curfew in Sri Lanka’s northern Jaffna after top policeman killed
Security was stepped up and a curfew imposed in Sri Lanka's northern Jaffna peninsula following the murder of a senior police officer and a sharp rise of …
President condemns Jaffna deaths
Sri Lanka's President Chandrika Kumaratunga has condemned the deaths of a police official and a barber in the northern town of Jaffna Sri Lanka's President …
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The proposed caller party pays (CPP) interconnection regime continues to receive negative feedback as the regulator hears public opinion on the issue this …
Sri Lankan policeman killed by mob after barber’s death
A senior police officer was murdered by a mob in northern Sri Lanka Thursday after a barber giving a hair cut was accidentally shot dead, police chief Chandra …
VAT on milks foods and gas to be removed to reduce cost of living
The government announced it will remove VAT on milk foods and gas to reduce the cost of living but increased VAT on other items without announcing it. online …