Malaysia scraps dollar peg, ringgit now under managed float: official
KUALA LUMPUR, July 21 (AFP) - Malaysia has scrapped the ringgit currency's seven-year-old peg to the dollar and will move to a managed float, central …
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Tiger rebels warn of truce collapse, Sri Lanka says no return to war
Lanka's Tiger rebels have warned that a truce brokered by Norway was at "grave risk" of collapsing even as the Colombo government said it had no …
Extended Talk Time
Mobile operator Celltel Lanka is luring its pre-paid customers with steep discounts to call selected overseas destinations. online pharmacy …
Seeing Red
Linux server and desktop operating systems developer Red Hat says it is ready to take on the Sri Lankan market with a Sinhalese version expected in …
Rating Agency Malaysia takes full control of Lanka Ratings
Rating Agency Malaysia (RAM) has bought out the Ceylinco Consolidated Group to take full control of its Sri Lankan unit Lanka Ratings Agency, …
Traffic Jam
Sri Lanka’s traffic police says it will take legal action against insurance companies that stop road accidents from being reported to the police. …
Tourist arrivals still driven by South Asia
Tourist arrivals to Sri Lanka, from traditional bread and butter markets of Western Europe, showed signs of picking up in the month of June. online …
Blank Cheques
Telecom operators are holding back on June payment to the telecom development fund (TDF) after Sri Lanka Telecom held back payments for some 18 …
Travelling Light
Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through …
Sri Lanka to sell Hilton hotel stake
Sri Lanka's government plans to sell a stake in the Hilton Colombo, the only five-star business hotel in the capital, to help fund its budget, a …
Sri Lanka steps up probe into deaths of Tamil rebels
Sri Lanka has stepped up a probe into charges that security forces were involved in the killing of four Tamil rebels earlier this month in a bid to …
Co-chairs of peace pull Sri Lanka up for soaring violence
Co-chairs of Sri Lanka’s peace process have rapped the government and Tamil Tiger rebels for escalating violence, warning that it could erode …
Setting Sail
Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral …
Criminal Paradise
Delaying the Constitutional Council is paralysing law enforcement and turning Sri Lanka into a criminal paradise, says National Police Commission …
Tigers seek direct foreign aid after Sri Lanka court blocks aid deal
Tiger rebels today asked the international donor community to fund them directly to help tsunami survivors after the Supreme Court effectively …
Refreshing the list of ministers
In a very quiet ceremony on Monday morning five cabinet ministers, a non cabinet minister and six deputy ministers took oaths before President …
Poor Performance
Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily …
Lending for SriLankan
A consortium of local banks sealed a deal with SriLankan Airlines for a full dollar loan of US$ 22.5 million this week. A consortium of local banks …
Court aid ruling dims Sri Lanka hopes of early peace talks
The Supreme Court scuppering of a landmark deal to share aid among Sri Lanka's warring parties was seen by diplomats and analysts as a major setback …
Norway has no immediate plans to push new talks on Sri Lanka aid deal
Peace broker Norway denied a report it was planning to send envoys to Sri Lanka after a Supreme Court ruling effectively scuttled a deal to share …
Parliament approves amendments to Leasing Act
Securitisation deals are expected to multiply after amendments to the Leasing Act cleared legal hurdles. Securitisation deals are expected to …
Hello, Hello
The spread of mobile phones is creating a new class of entrepreneurs and economic activity by providing an alternative to poor quality government …
Learning Facts
The tertiary education system in the country got a much-needed financial push for development with a US$ 60 million grant from the World Bank. The …
Off the Track
The government this week agreed to acquire fifteen new diesel engines and 100 coaches to help improve the Railway Authority’s commuter service. buy …