All News

Nordic Support

Scandinavian truce monitors held talks with Sri Lankas Tamil Tigers as a rift within the rebel leadership threatened to undermine an already fragile …

Whats Brewing?

Local tea exporters are eying a 4 million to 6 million kilo order from Iraq under the current World Food Programme (WFP) that is supplying the war …

Bateys Music

Making its music, Sri Lanka will have its first annual drum festival in September, showcasing local drummers and from far a-field as Africa and South …

Trade-In

Singer Sri Lanka plans to retire some its short-term borrowings with a Rs. 400 mn four-year debenture issue coming out in March. Singer is keen to …

Go Slow

Development projects are on track but are slowing down because of jittery foreign investors says the UNF.rnrnldblquote Whatever projects that were …

Flashing Dollars

America has pledged more peace and development oriented funds for Sri Lanka as it rolled out its South Asia assistance plan for the coming financial …

Collect Call

Telecom operator Suntel has seen its earnings jump 305 percent to Rs. 505 mn, though revenues were flat at Rs. 3.425 bn as at end Dec. 2003.Sri …

Debt Sales

The Stock Exchange will tap into internal funds to raise the issued share capital of its depositary system to Rs.100mn endash a final clause to allow …

Dont Worry

After rising against the dollar, the rupee lost around 1 percent, as the markets panicked over a snap poll.rn rnldblquote The rise was largely …

Election Sniper

Gunmen have shot dead a political activist in eastern Sri Lanka in a second murder believed to be related to next months elections, police said …

Montero Monks

Buddhist monks launched their formal drive for Sri Lankas parliament from a historic temple town Tuesday with a vow to cleanse politics and restore …

On Test

The much-hyped third generation cellular services will soon be a reality, with the first of three trial networks launched by Dialog GSM on Tuesday. …

Oh Dear!

Moderate Tamils warned Monday they would declare independence from Sri Lanka unless the government that came to power after snap April elections …

Cosy Chat

The Marxist Janatha Vimukthi Peramuna says it will re-negotiate the US$ 567 mn structural loan facility with the IMF, when it comes to power next …

Muddy Waters

Sri Lankas Buddhist clergy Monday accused President Chandrika Kumaratungas Marxist allies of launching a “smear campaign” against them in …

Hard Sell

Modeled on the likes of top branded resorts like Banyan Tree, Jetwing Hotels is revamping its hotels and spas into three core brands endash Eco, …

Borrowing Cheap

The Central Bank says it will issue Rs. 2 bn worth of two-year treasury bonds to the debt market, as part of its borrowing programme for March.rnrnOf …

Phase II

The Asian Development Bank (ADB) on Monday approved US$ 800,000 for a second phase private sector development programme to push through reforms to …

Woof, Woof

Getting its campaign on the road, on Monday the UNF asked Sri Lankas 12 million voters to decide between clarity and chaos at the April polls.Citing …