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 …
All News
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 …
Level Ground
The District Court on Friday vacated an interim injunction against the ICTA, but the agency is still bounded by an injunction by the Appeals Court. …
Sri Lanka court blocks tsunami deal, tension mounts in northeast
Sri Lanka's Supreme Court Friday blocked a controversial deal with Tiger rebels to share billions of dollars in tsunami aid as a fragile truce came …
Sri Lanka court blocks tsunami deal with Tigers
Sri Lanka's Supreme Court Friday effectively blocked a controversial government deal with Tamil Tiger rebels to share billions of dollars in foreign …
Supreme Court ruling to affect aid flows, exchange rate
Sri Lanka's Supreme Court blocking the joint mechanism on tsunami relief distribution could slow foreign aid inflows and hurt the reconstruction …
Finance Minister says only unspecified funds will go into P-TOMS
Finance Minister Sarath Amunugama says only “non-specified” project funding will go through the post-tsunami aid sharing deal signed with the …
German Help
Germany has extended two loans worth 20 million euros each to Sri Lanka to be utilized for long-term investments by private sector companies, the …
President appeals for calm as Sri Lanka violence escalates
Sri Lanka's president has appealed for calm in the restive northeast where bomb attacks have left four dead and more than a dozen wounded since the …
On A Platter
SriLankan Catering, a subsidiary of SriLankan Airlines on Thursday inked a deal to borrow US$ 22.5 million from a consortium of local banks to build …
Killing sparks fresh fears for Sri Lanka truce amid appeal for calm
Sri Lankan troops shot dead a suspected Tamil rebel Thursday, officials said, heightening tensions hours after the president appealed for calm amid …
Flight Trouble
SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on …
US gives US$ 20,000 to restore Matara monuments
The United States will spend US$ 20,000 to restore historical sites in Galle and Matara, including the Dutch Fort that took a beating from last …
Tigers quit Sri Lanka town, bomb hurled at tsunami relief centre
A bomb exploded at a tsunami relief centre in volatile northeast Sri Lanka, wounding nine civilians while 12 soldiers were wounded in separate …
Fresh Draft
The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement …
Sri Lanka’s Central Bank leaves its interest rates steady
Sri Lanka's Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may …
Reserve Power
The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six months, even as unions relent on a …
Bomb hurled at tsunami relief centre in Sri Lanka, 10 wounded
A bomb was thrown at a tsunami relief centre in a volatile northeastern town in Sri Lanka early Wednesday, injuring at least nine civilians and a …
Sri Lanka’s Central Bank rejects high bond auction bids
Sri Lanka's Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would …
Eight hurt as strike cripples Sri Lanka district amid Tiger war warning
At least eight policemen and a soldier were wounded in suspected Tamil rebel attacks in strike-bound northeastern Sri Lanka, a day after the …
Hubbub for Sri Lanka’s financial hub
Sri Lanka's main financial centre near the president's official residence was declared a high security zone as the opposition today led an …
The cost of free water
Jul 11, 2005 (LBO) – Water is free in Sri Lanka. Anyone who says different will be pilloried. I say different. I say that we will pay in …
Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks.
Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks. buy …