No show
Most of the US$ 4.5 bn pledged in aid as well as a second US$ 80 mn tranche from the IMF is due in December, tied to conditions in the proposed …
All News
New Master
The telecom watchdog has been taken over by President Chandrika Kumaratunga as part of her lquote constitutional coup, effectively putting the whole …
Short Crop
The Central Bank has cut its domestic borrowing programme for Nov. by Rs. 2 bn, as the Treasury is expecting some dollar funds to come in. online …
electricity graphs
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Coup Backfires
The Sri Lankan presidents plan to oust her archrival prime minister through a constitutional maneuver may have backfired and caused new rifts within …
Snap Poll?
Sri Lankan Prime Minister Ranil Wickremesinghe told his cabinet Monday that he was ready to face a snap election to end a bitter stand-off with a …
Talks Delayed
Peace talks between the Sri Lankan government and Tamil Tiger rebels have been postponed until the political crisis in Sri Lanka is resolved, the …
No Change
The Central Bank left its key short-term rates unchanged on Tuesday, signalling that it was business as usual on the interest rate front.The …
Light Waves
Local hoteliers are facing another stiff hike in electricity costs, adding to falling tourist arrivals after the political woes of last week.The new …
War Of Nerves
Prime Minister Ranil Wickremesinghe has put the peace process on the board as the latest move in a game of political-chess that started last week …
Poetic Crisis
Experts say ambiguity in the Constitution on the Presidents power leaves room for different interpretations, but political considerations will play a …
Getting Late
Aid donors warned of long delays in aid distribution if the budget is not presented soon as the IMF postponed the release of the second tranche of a …
Ready’85 Go
Governor of the Swedish Central Bank says Sri Lankas Central Bank is almost ready to go for a fully-fledged inflation targeting exercise.Sweden has …
Playing Poker
President Chandrika Kumaratunga withdrew tough emergency laws on Friday and replaced them with a lesser clause under the Public Security Ordinance …
Right to Rule
Presidential spokesperson and new Rupavahini Corp., Chairman Harim Peiris said the President also has a mandate from the people. rnrnPeiris comments …
Presidential Talks
President Chandrika Kumaratunga has revived her call for a national government and re-assured that Parliament will be re-opened and the 2004 budget …
Ranil Talks Back
Prime Minister Ranil Wickremesinghe on his return from the United States says his immediate priority is to ensure the peace process is not …
State of What?
Confusion looms over the state of emergency, with the Government Printer saying the President had asked him not to issue the gazette notification …
Hot Air
Tourism officials played down government claims of 2000 tourists cancelling bookings, after political chaos and reports of beefed up …
Holding Hands
In 2001, many a Sri Lankan and some foreign residents here at the time, dropped what they were doing, to hold hands on the streets instead. There …
Rotting Deal
The Finance Minister in an emergency meeting with the press on Wednesday said fertiliser subsidies was to be increased significantly from the Rs. 2 …
Buying Support
The Sri Lanka Muslim Congress (SLMC) leader Rauff Hakeem says his party will back the UNF government only on conditions put forward by his party. …
Soft Landing
Software giant Microsoft Corp on Wednesday announced a multi-million dollar tie-up with Sri Lanka, to provide education, training and an eventually …
Free Fall
Investors are bracing for a brutal fall in share prices in Thursday trading, following up on the over 18 percent drop in the ASPI over two days. The …