Dambulla Cricket ground to get a new flood light system

Dambulla Cricket ground to get a new flood light system Sri Lanka Cricket has decided to either upgrade...

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Dubai based souvenir firm looking for more Sri Lankan suppliers

Dubai based souvenir firm looking for more Sri Lankan suppliers Dubai based Fakih Collection, a souvenir firm is...

 

Archive for the Category ‘Economy’

Sri Lanka’s treasury bills six and 12 month rates remain unmoved

Sri Lanka’s treasury bills six and 12 month rates remain unmoved

Sri Lanka’s weekly treasury bill auction held today saw both the 6 month and the one year rates remaining unmoved from the last week’s rate, while the three month rate just declined by a basis point.
Accordingly, the six month rate remained same as the last week’s rate of 10.08% and the one year yield at [...]

Sri Lanka raises oil prices

Sri Lanka raises oil prices

Sri Lanka has raised the prices of both Petrol and Diesel with immediate effect.
Accordingly, both the 90 & 95 octane petrol has been jacked up Rs. 3 per liter, each.
With this increase,  a liter of  90 Octane petrol will be sold at Rs. 162, while a liter of  95 Octane petrol will be priced at [...]

Sri Lanka sees big demand from Oil & Gas companies to attend its upcoming ‘Road Shows’

Sri Lanka sees big demand from Oil & Gas companies to attend its upcoming ‘Road Shows’

By: Prasanna C. Rodrigo
Sri Lanka says around 25 oil and gas companies have so far subscribed to take part in the upcoming ‘Road Shows’ which will be held in, Houston, London and Singapore, to launch the  Island’s second Petroleum Exploration Licensing round.
The ‘Road Shows’ are planned to be kicked off on the 7th of March [...]

Sri Lanka to prohibit selling its lands to foreigners

Sri Lanka to prohibit selling its lands to foreigners

Sri Lanka has decided to prohibit foreigners from purchasing absolute ownership of state and private lands in the country.
However, such lands could be leased on a long term basis to assist foreign investments coming into the country.
Government Information Department says, such prohibition shall not be applicable for purchasing of lands for foreign Embassies and High [...]

India’s NTPC plans to exit from Sri Lanka power project

India’s NTPC plans to exit from Sri Lanka power project

India’s NTPC Ltd has decided to pull out from its proposed coal power project, which was expected to be built in the Eastern province of Sri Lanka, as it is not in agreement to go ahead with a fresh set of proposals forwarded by its Joint Venture partner, the Ceylon Electricity Board, a media report [...]

Sri Lanka’s Treasury bill rates remain unmoved at the weekly auction

Sri Lanka’s Treasury bill rates remain unmoved at the weekly auction

Sri Lanka’s Treasury bill rates at the weekly auction held today remained unmoved from last weeks rate, as the Central Bank accepted Rs. 14.98 billion to settle Rs. 21 billion worth of maturing treasury bills.
Accordingly, the three month tenor bill rates remained at 9.10%, the six month rates remained at 10.08% and the one year [...]

Sri Lanka raises US$ 152 million by issuing bonds

Sri Lanka raises US$ 152 million by issuing bonds

Sri Lanka has raised US$ 152 billion by issuing three year tenor ‘Sri Lanka Development Bonds’, at the market determined rate of US$ 6 month LIBOR + 400 basis points.
The offer, which was opened on the 8th of February, initially only aimed at raising US$ 60 million.
However, the issue has been oversubscribed by 2.5 times, [...]

Sri Lanka’s shippers visit Hambantota port & airport

Sri Lanka’s shippers visit Hambantota port & airport

A 170 member strong delegation of Colombo based Shippers, which comprised  exporters, importers, freight forwarders, logistic providers, courier and shipping line executives, recently have visited the Hambantota port and the airport.
A statement issued by the Shippers Council says the participants were amazed to see the development that has taken place in both the Hambantota International [...]

Sri Lanka to get WTO assistance to improve trade capacity

Sri Lanka to get WTO assistance to improve trade capacity

World Trade Organization has expressed its willingness to give more trade capacity and technical assistance to Sri Lanka, announced the country’s Ministry of Industry and Commerce.
In a statement issued the Ministry says, this fact has been conveyed by the WTO’s Director General Pascal Lamy to Nimal Karunatilake, the Island’s newly appointed ambassador to the global [...]

Sri Lanka seeks US$ 36 million loan from Kuwait Fund to build bridges

Sri Lanka seeks US$ 36 million loan from Kuwait Fund to build bridges

Sri Lanka will receive  a US$ 36 million loan from the Kuwait Fund for Arabic Economic Development to construct and rehabilitate 25 bridges of the national road network.
The money will go into construct or rehabilitate 09 bridges in the Western province, 03 bridges in the Southern province, 05 bridges in the North Western province, 04 [...]

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