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Super Watchdog

Draft legislature to set up the super regulator for the information and communication sectors is now up for discussion.The bill will help form the …

Bulls Eye

The Finance Minister said last week that fiscal targets were on track in his first Fiscal Position Report. The Government said that privatisation …

An Act For Audits

The top Government Auditors job is to be made independent with the enactment of a new Law, which will also give the department wide ranging …

Hurdles in Law

The private sector is calling for a new law to facilitate asset securitisation transactions in the country and a high-powered financial reforms …

Bad Line

Sri Lanka Telecoms rating outlook was revised to negative by Fitch Ratings, as liberalization poses many uncertainties for the telecom giant. Fitch …

Midyear Review

Sri Lankas top trade chamber has commended the government on pushing ahead with a series of legislative reforms, but said more work needs to be done …

Super Profits

Telecom operator Suntel, says its profits soared to Rs. 200.4 mn in 2002, from Rs. 22.8 mn.Suntel benefited from the prevalent low interest rates, …

Pilot Test

ADB on Wednesday approved a technical assistance (TA) grant of US$800,000 to pilot test two community information networks that will bring vital …

Riding a Chopper

The Civil Aviation Department says it is talking to the Ministry of Defence and Airport authorities to issue the permits.rn rnCommercial helicopter …

Quashed

The Appeal Court in its verdict at Wednesday mornings hearing has quashed Central Banks decision to liquidate Pramuka Bank.Court has also asked the …

Debt Call

Housing Development Finance Corp. has teamed up with debt dealer Capital Alliance to take financial instruments to the provinces. rnldblquote …

Sustaining Power

Limited energy supply could hinder a so far promising economic recovery over the next few years, Central Bank officials warned today.rn rnldblquote …

VAT Slips?

The Value Added Tax continues to disappoint with revenues again falling short of expectations, with rising refunds eating away at …

On Target

The Sri Lankan economy grew by 5.5 percent in the first quarter of 2003, up sharply from growth of 0.1 percent in the same period last year, Finance …