The economic analysts argue that there are many reasons; direct and indirect, behind the current oil price hike. They mainly attribute to the developments in China and India which had increased the consumption levels of the fuel per day. This situation had led the Organisation of Petroleum Exporting Countries (OPEC) to a problem since its [...]
Sri Lanka plans to sell $200 million worth of bonds to foreign and local investors shortly, the island’s central bank said Wednesday. The issue, known as Sri Lanka Development Bonds, will be sold in maturities ranging from two to five years, C.J.P. Siriwardena of the bank’s public debt department said. The issue will be open [...]
The World Bank yesterday said it has approved US$ 65.33 million funding to improve the dam safety and water resources planning in Sri Lanka. The total cost for Dam Safety and Water Resources Planning Project in Sri Lanka is US$ 71.66 million, of which the Government of Sri Lanka is contributing US$ 6.33 million and [...]
The Central Bank said yesterday that actual inflation for 2008 would be significantly higher than the bank’s previous estimates due to the surge in international oil prices. “The continuation of the unprecedented surge in crude oil prices has naturally lead to the substantial upward revision in domestic fuel prices, inevitably leading to an increase in [...]
by Saman Indrajith Leader of the National Freedom Front Wimal Weerawansa addresses the press conference. He is flanked by NFF leaders from left: MP Jayantha Samaraweera, General Secretary of the NFF, MP Nandana Gunatilake, Cultural Affairs Secretary of NFF Senarath Silva. Pic by Nihal Chandrakumara The National Freedom Front yesterday at its first ever press [...]
