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Tsunami aid inflow puts Sri Lanka balance of payments in the black

The influx of aid since December's tsunami disaster will lift Sri Lanka's balance of payments into the black this year, the central bank said Friday. …

Limited Mobility

Sri Lanka is set to allow local private airlines to operate international flights using air service agreements the government enjoys with other …

Pitt Stop

Sri Lanka will build a bunkering port in the island's remote southern tip to service international shipping, the ports and aviation minister said …

Sailors Bond

Sri Lanka Ports Authority is considering a dollar bond issue this year to fund the initial phase of the proposed Colombo South harbour project. buy …

Tigers push for tsunami deal with Sri Lankan government

Tamil Tiger rebels Thursday pushed for "serious engagement" with Sri Lanka's government to share billions of dollars of tsunami aid despite official …

Foreign donors dangle cash carrot to push peace in Sri Lanka

An increased foreign aid offer of three billion dollars for Sri Lanka's tsunami recovery is mainly aimed at pushing Colombo and Tamil Tiger rebels to …

Southern Sail

Sri Lanka is in talks with Chine to fund a US$ 90 mn tank farm in Hambantota – the first phase of a proposed mega port development in the South of …

Temp Jobs

Sri Lanka will import air traffic controllers from neighbouring India to prevent a shutdown of international flights in case local unions strike, the …

Japan agrees to defer payments on US$ 225 mn due in 2005

Japan on Tuesday confirmed Sri Lanka’s calls to postpone up to US$ 220 mn in loans owed to the East Asian development partner this year. online …

Burning Issues

National carrier SriLankan Airlines is hoping international jet fuel prices will cool off this month as it launches thrice weekly services to Beijing …

Fly Over

The US to do feasibility for Sri Lanka’s second international airport located in the South of the island, says Minister of Ports and Aviation …

Farmers get land for homes, farming land next on list

The Agriculture Ministry say over 140,000 farming families in Sri Lanka are landless, with not even a few perches to build a house. online pharmacy …

Powers that Be

Sri Lanka’s electricity sector trade unions to present new reforms model to government on Monday. online pharmacy buy abilify with best prices …

False Charge

A consumer lobby on Monday argued in the Court of Appeal that approval for Sri Lanka Telecom’s last tariff increase was not within the telecom …

Quick Dial

Cellular operator Celltel will bring forward its 2006 network expansion plans, increasing its coverage map to cover 52 percent of the island’s …

Foreign aid absorption to increase by 18 percent in 2005

Sri Lanka hopes to increase foreign aid absorption by about 18 percent this year, compared to utilisation in 2004, to accommodate tsunami aid …

Donors add US$ 500 mn to pledges taking total to over US$ 3 bn

The Kandy donor parley closed two days of dialog on Tuesday adding over US$ 500 mn in new commitments. online pharmacy buy diflucan with best prices …

The country’s first Millennium Development Goals Report, presented to Sri Lanka’s bilateral and multilateral donors, shows that strides in health and education, the island will miss targets to halve poverty by 2015.

Sri Lanka is falling behind on social sector gains and unemployment and poverty rises in tsunami and conflict hit areas, warns a UN report released …