All News

NICe Deal

Janashakthi Chairman Chandra Schaffter said the acquisition was funded through a bank loan from Commercial Bank.rn rnJanashakthi earlier, picked up a …

Freeing Labour

Cabinet has rubber stamped a Labour Ministrys proposal to clear a backlog of 15,000 labour tribunal cases on a lquote 4:2:1 solution.The proposal to …

Out With MICE

rnThe decision was taken at the largest trade show on MICE tourism endash the European Incentive Business Travel Meeting (EIBTM) at which Sri Lanka …

Recovery Mode

Recovery Mode

Sri Lankan tea production has swung into rapid recovery mode following a weak first quarter, to end at 181.8 mn kilos to date, up from 3.6 mn kilos …

Debt Call

The Central Bank on Friday sought proposals from reputed international investment banks to raise dollar funds.The government is looking at raising up …

Surfs Up

On Friday the shareholders of Associated Hotels Co. Ltd., agreed to sell the beach front property as funds for development was not forthcoming. rn …

Checkmate

Clamping down on excessive government spending, cabinet on Wednesday passed the Fiscal Responsibility Act, the UNF governments solution for the …

Pied Piper

With a definite shift eastward of high spending MICE tourists, aggravated by 9/11, Sri Lanka is redoubling its efforts to offer more than sun, surf …

Social Watch

The government is introducing a new law that will de-politicise welfare payments and improve targeting.“People will no longer be able to claim …

Can We Do It?

The access road proper will hopefully be completed before the end of the year. rnrnAt the moment it is a stretch of loosely packed mud. rnrnThe …

Calling Out

Twelve Expressions of Interest have been passed on to the Ministry of Economic Reforms to appoint the consultants within 10 days. rn rnOfficials say …

Apparel Woes

Exports fell to US$ 336 mn in June from US$ 437 mn a year earlier. Imports on the other hand slipped 9 percent to US$ 465 mn during the period, …

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