Economy & Markets

Junk bonds for patriots

Feb.03, 2006 (LBO) -- Sri Lanka Friday announced plans to issue US$250million-worth of sovereign bonds with the first US$25 million tranche going on sale next …

Donors back out of Tiger Talks

Feb 03 (LBO) - Sri Lanka's key international donors put off their Friday meeting with Tamil Tiger rebels, following protests by Marxists and Buddhist monks. …

Citibank tipped to lead manage billion dollar sovereign bond issue

Feb. 02 (LBO) - Citibank is likely to get the mandate to raise a billion dollars for the Sri Lanka government through sovereign bonds this year, Lanka Business …

Bomb scare puts off Sri Lanka MP’s

Colombo, Feb 2 (PTI) Panic-stricken Sri Lankan legislators today agreed to put off their sittings by nearly two weeks following a bomb scare inside the …

Sri Lanka plans to issue a US$ 25 mn sovereign bond

Feb. 01 (LBO) - Sri Lanka plans to issue a US$ 25 million sovereign bond to expatriate countrymen this week, to fund the island’s rebuilding efforts, …

Import duties go up on rice, wheat flour

Jan. 31 (LBO) - Sri Lanka Tuesday raised import duties (taxes) on rice and wheat flour to discourage flour imports and to boost demand for local rice, the …

Top donors to shake hands with Tamil Tigers on Friday

Jan. 31 (LBO) - Top officials from international donor agencies will travel to the north on Friday to meet Tamil Tiger representatives to discuss …

High prices of firewood, cigarettes fail to ignite Sri Lanka’s inflation

Jan. 31 (LBO) ? Sri Lanka's annual inflation rate for January eased marginally to 11.1 percent from 11.6 percent, despite high prices in firewood and …

Peace Advice

Jan. 29 (LBR) - Big business can do more to cement the peace process by focusing on weak links like human rights and promoting pluralism according to experts. …

Sri Lanka welcomes peace moves as president wins support with defections

Jan. 25 (LBO) ? Sri Lanka Wednesday welcomed moves to restart peace talks with Tamil Tiger rebels next month as two opposition lawmakers defected to strengthen …

Escaping fiscal dominance key to lowering inflation in India: RBI economist

Mar 26, 2006 (LBO) - Sri Lanka's central bank has to gain independence from the treasury, if it is to bring down inflation and protect the poor, a top Indian …

Tigers are top suspects in Sri Lanka bomb attacks: police sources

Jan 25 (AFP) - Sri Lanka's Tamil Tiger rebels are key suspects in a string of bomb attacks in the capital, police sources said, as a Norwegian envoy arrived in …

Tigers end Sri Lanka peace deadlock, talks in Geneva

KILINOCHCHI, Jan 25 (AFP) - Tamil Tiger rebels Wednesday agreed to hold talks with the Sri Lankan government in Geneva in mid-February, a top Norwegian peace …

Norway envoy in crucial talks with Tigers to save truce

KILINOCHCHI, Jan 25, 2006 (AFP) - Norway's top peace envoy Wednesday began talks with Tamil rebels in northern Sri Lanka aimed at saving a troubled ceasefire …

Sri Lanka first to field test satellite radio for specialises disaster warning, response and recovery system

Jan. 23 (LBO) – Over a year after the 2004 December tsunami, residents of 32 affected coastal villages will test a satellite based disaster warning system, …

Sri Lanka on ‘neutral’ ground after latest round of WTO talks

Jan 24 (LBO) - The latest round of World Trade Organisation (WTO) talks in Hong Kong, has “neutral” impact on Sri Lanka, say trade experts. online pharmacy …

Sri Lanka asks Norway to arrange early talks

Jan. 24 (AFP) - Sri Lanka's president on Tuesday asked peace broker Norway to arrange early talks with Tamil Tiger rebels and help stem the latest wave of …

Five blasts rock Sri Lanka capital, no-one hurt

Jan. 24 (AFP) - Five simultaneous blasts rocked the jittery Sri Lankan capital Colombo Tuesday but caused no casualties, police said. buy zofran online …

Disarm paramilitary groups operating in the northeast says US

Jan. 23 (LBO) – The United States Monday asked the government to disarm paramilitary groups operating in the northeast as an escalation of violence left …

Investors sceptical about government’s foreign bond plans

Market players were sceptical about government’s ability to rise up to a billion dollars internationally due uncertainty in the economic and security fronts. …