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 …
Economy & Markets
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Sri Lanka takes stock on total debt profile
Sri Lanka hopes to use its upcoming sovereign rating to retire some old expensive foreign currency debt and streamline its borrowing programme, Treasury …
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 …
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 …
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. …
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 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 …
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 …
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 …
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 …
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 …
IMF bowls a googly to Sri Lanka
The International Monetary Fund on Wednesday urged Sri Lanka to restore the independence of its Central Bank, tighten monetary policy and urged cut backs in …
VAT on luxury items goes up to 20%
Value Added Tax or VAT on the government list of luxury items went up from 18 percent to 20 percent from August 1, said the Inland Revenue. Value Added Tax or …
Newly merged NDB Bank retains its credit rating
The newly merged NDB Bank has retained its AA (sri) rating for its long-term unsecured senior debt from Fitch Ratings Lanka, the credit rating agency said …
Pumping in fresh water post tsunami
The International Red Cross and Red Crescent Society will pump in some US$ 30 mn over two years to set up water treatment and distribution systems in tsunami …
Securities watchdog drafts laws to regulate unquote debt issues
The securities watchdog is drafting new guidelines to regulate unquoted debt paper issued by listed companies, its Director General said Tuesday. The …
Norwegian mediator puts work in Sri Lanka on hold
OSLO, Aug 1 (AFP) - A leading Norwegian mediator in the ongoing peace process in Sri Lanka said on Monday he would put his mediation work on hold to …
Sri Lanka picks Citigroup as sovereign rating advisors
Sri Lanka has picked Citigroup N. A. as an advisor for its upcoming sovereign rating, the Central Bank said Monday. Sri Lanka has picked Citigroup N. A. as an …
Dialog Telekom May Seek Debt Rating to Boost Appeal
Dialog Telekom Ltd., Sri Lanka's No. 1 mobile-phone company, may seek a debt rating to boost its appeal to investors after completing the island's biggest …