Debt trap: More loans to repay existing loans

Cash flow problems have forced the government to raise a further loan of US$ 600 million this year through Development Bonds. This money will go to repay previous loans as well as interest on loans for the current year.

Government considers fuel rationing or pricing formula

The Government is considering the introduction of fuel rationing or a fuel pricing formula in the face of skyrocketing oil prices while steps are being taken to cut energy consumption in state institutions, Finance Ministry and other official sources said.

Other News Articles
Debt trap: More loans to repay existing loans
Government considers fuel rationing or pricing formula
US Hilton to be asked to run Colombo Hilton
8,000 civilians killed in final months of war: Govt
US issues protest warning to citizens
Ranil wants consensus on implementing LLRC report
Iran oil: No US relief for Lanka
Tea prices to Middle East affected by US sanctions
Police nab Nigerian conman behind defrauding of Lankans
TNA to visit New Delhi, not Geneva
Sexually abused and injured child dies
Customs, Pesticides Chiefs directed to appear in High Court
Exit acting Chairman CPC, second in 7 weeks
Diyawadana Nilame given time
Two men sentenced to death for murder committed in 2001
Two Kandy hotels gutted by fire
Police investigate Biyagama businessman's deals
People suffer while President and entourage enjoy life– Anura Kumara
Prelate presents silver stupa to Queen Elizabeth 11
Real estate changes hands via unreal deeds
One fourth of young Lankans prone to diabetes: Survey
Facilitation and management of dissent enrich governance
Artistes left in the lurch
Consumers and businesses feel fuel price pinch
FAC adds insult to burden of rising CoL
Jewellery Authority rubs hands in glee as gem-of-a-land brings record earnings
Police power vs people power at crossroads
Killers still at large despite hunt by 9 police teams
Kidnapped child rescued by quick-thinking police
Fishermen blinked first in their face-off with the Govt.
Noise pollution leads to stress and worse
Sevenagala suspect doctor and minor employee interdicted
PS chairman and 7 others further remanded

Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2012 | Wijeya Newspapers Ltd.Colombo. Sri Lanka | All Rights Reserved.