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Country Gardens

The city of Nuwara Eliya is trying to clean up its trading activity to bring back its scenic beauty but the change of government put plans on …

Make Up Please!

Twelve State entities handpicked for a commercial makeover, will be set targets to clean up their act and look for private investment, a top …

Pyramid Warning

The Central Bank on Thursday warned public against gambling on get-rich- quick referral schemes that promise unusually high returns. The Central Bank …

Alls Well

The overnight repurchase rate (repo rate) was kept at 7.0 percent and the reverse repurchase rate (reverse repo) at 8.50 percent, the bank said in a …

Tough Talk

The Sri Lankan government said Monday that it will refrain from a mass hiring of management trainees for positions in 12 key state enterprises.The …

Hang On

US interest in Sri Lanka went inland to the conflict riddled Eastern districts of Ampara and Batticaloa this week to emphasise the benefits of …

Wrong Call

A truce between Tiger rebels and troops has helped Sri Lanka recover its reputation as a tourist paradise, but the halt in hostilities has triggered …

Tourism Spin

Spin wizard Murali is spinning more than the ball for Sri Lanka, turning more Austrailian tourists here to watch him turn it on local wickets, says …

Debt Call

The governments US$ 100 mn bond issue opens on Tuesday, to raise funds to bridge the budget deficit.The Sri Lanka Development Bond issue will carry a …

New Brooms

President Chandrika Kumaratunga promised to overhaul the countrys messy tax system, introduce laws to help sick companies and inject policies to …

New Probe

Customs is investigating how GoldQuest Tracking Centre Owners (TCOs), who popularise the scheme, paid only Rs. 3,000 in taxes and duty for the Rs. …

Pyramid Promise

Finance Ministry says it will try to expedite anti-pyramiding legislation drafted by the Central Bank, through parliament. Finance Ministry says it …

Looking Pretty

The governments bond issue to raise US$ 91.5 mn opens next week, with initial reports indicating that the issue would be oversubscribed.Dealers …

Load Of Gas

Concerns are rising among apartment developers that the proposed transfer tax on land may hit the industry.The Ministry of Lands announced a Cabinet …

Long Beep

Fixed line operator Suntel plans to infuse US$ 20 mn this year, to roll out its network islandwide.The wireless local loop operator has sought the …

Red Alert

Sri Lankas police and customs have been ordered to seize Buddha Bar music and bikinis with Buddha images, officials said Thursday.rnState Attorney …