Economy & Markets

S&P assigns a B+ sovereign rating for Sri Lanka

International ratings agency Standard & Poor's has assigned a B+ sovereign rating for Sri Lanka, President Mahinda Rajapakse said Thursday. International …

Farmers get bumper harvest from budget

Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs. buy stendra …

International credit ratings ask Sri Lanka to spruce up its act

Top international credit rating agencies have warned Sri Lanka to spruce up act on 'peace, politics, and public finances', ahead of a planned international …

Budget 2006 – Fabric First

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Budget 2006 – Rebuild the agro sector to support the rural economy

Presenting his maiden budget, President Mahinda Rajapaksa said his government would rebuild the agro sector to support the rural economy. online pharmacy buy …

Sri Lanka to sell international bonds

Taking advantage of its maiden sovereign rating, Sri Lanka plans to sell bonds in the international market, President Mahinda Rajapakse said Thursday. Taking …

New power projects needed to be implemented as a priority.

The President in his maiden budget speech said new power projects needed to be implemented as a priority. online pharmacy buy ciprodex with best prices today …

The local film industry will get a series of concessions

The local film industry will get a series of concessions, including a rs. buy flagyl online buy flagyl generic buy cipro online buy cipro online no …

Sri Lanka asks Norway to save peace bid amid war fears

Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil Tiger rebels, amid a recent spate of violence which has killed 29 and …

Sri Lankan markets jittery as bullets fly

Sri Lanka's escalating violence and fears of a return to war have led to unease in the financial markets but analysts are hopeful the government will use …

Sri Lanka tightens defences amid fears for truce

Sri Lanka's top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger rebels was in danger of collapse …

Sri Lanka’s treasury secretary scotched investor jitters ahead of Thu. revised budget

Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence …

Sri Lanka asks Norway to keep up peace bid

Sri Lanka's new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to review Oslo's …

Treasury bill rates creep up

Sri Lanka's borrowing costs rose at this week's treasury bill auction, as against the previous week's sale, the Central Bank said Wednesday. Sri Lanka's …

‘Controlled’ violence claims 29 lives in Sri Lanka

The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, …

Norway sets terms to keep up Sri Lankan peace bid

OSLO, Dec 7 (AFP) - Norway's government on Wednesday said it would agree to a Sri Lankan request to relaunch its bid to broker peace between Colombo and Tamil …

US concerned about ceasefire agreement violations

The US “gravely concerned” about ceasefire agreement violations in Sri Lanka over last few days. online pharmacy buy diflucan with best prices today in the …

Stocks dip on news of second attack on military

Update Colombo stocks dipped sharply as suspected Tamil Tigers carried out a second land mine attack on a Sri Lankan Army tractor killing six soldiers. Update …

US$ 50 million ADB loan to upgrade Sri Lanka’s crowded cities

Asian Development Bank (ADB) approves US$ 50 million loan to upgrade infrastructure in Sri Lanka’s crowded cities. Asian Development Bank (ADB) approves US$ …

Death toll hits 22 in Sri Lanka violence, mine blasts threaten truce

Seven Sri Lankan soldiers were killed Tuesday in a landmine attack in the northern town of Jaffna, the second major attack blamed on Tamil Tiger rebels in …