Bond success signifies investor trust - President

THE trust that investors have placed in Sri Lanka’s economy is confirmed by the successful international bond issue for US $ 500 million, President Mahinda Rajapaksa said at the opening of the MAS Holdings Fabric Park in Thulhiriya yesterday.

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70 p.c. of Tiger financial capability destroyed

SEVENTY PER CENT of the LTTE’s financial capability globally had been destroyed, the anti-terrorism parley now being held in Colombo was told yesterday. The International community’s active support is required to combat the LTTE and cripple is fund raising network,

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HR mechanism in place - President

THE Government has created a mechanism to ensure the implementation of human rights, President Mahinda Rajapaksa declared yesterday.

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First free school uniform material to Jaffna

THE distribution of school uniform material for year 2008 to 93 Zonal Education Offices will commence from Monday, an Education Ministry release said.

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Bond issue raises investor confidence

Sri Lanka’s five-year, $500 million bond offering has received orders worth more than $1.25 billion, which was oversubscribed three times over. The Government will obtain this loan at an annual interest of 8.25 per cent, Minister of State Revenue and Deputy Finance Minister Ranjith Siyambalapitiya said.

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