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Sino Ties

Sri Lanka is moving to cement its ties with China, with a state visit by Prime Minister Ranil Wickremesinge next month.In addition to meeting Chinese …

Housing Carrots

The government is kicking off a housing scheme for government officers in a bid to attract and keep the top quality administrative officers.ldblquote …

New Faces

The Colombo Stock Exchange on Wednesday admitted five new members to trade on its upcoming debt securities board, the DEX.The trading members are: …

Pay Me

Telco firms will soon introduce charges to terminate calls on each others networks, a fee expected to cover infrastructure costs. Only Sri Lanka …

Leveraged Funds

The Urban Development Authority (UDA) has negotiated with local banks to raise upto Rs. 1 bn to build 1300 houses for the middle and high income …

Big League

Indian telco giant, Videsh Sanchara Nigam Limited (VSNL) will transfer part of its international bandwidth on the SEA ME WE III (three) submarine …

Safety Features

The government is looking at offering up to one year as compensation for employees who lose their jobs and also allow people to take their provident …

Friendly Chat

The Central Bank said told Supreme Court on Monday they will meet bankers and other potential investors of Pramuka this week, to give effect to an …

Renewing Ties

Sri Lanka Telecom will restore the microwave radio link that once connected the island to neighbouring India. Operational in the 80s, the link was a …

All Aboard

As wider share ownership is putting pressure on listed companies to improve their corporate governance they try to offer better returns to their most …

Donor Support

The World Bank said its funding for the North and East of the island could continue through an interim administration if the government so wished.The …

More Horsepower

The Government is giving Parliament more power to crack the whip on errant public institutions and corporations by strengthening the Parliamentary …

Big Push

As some of the Tokyo aid dollars begin to roll in, a top level government committee is looking at fast tracking some of the key infrastructure …

Joining Order

A fresh set of rules to govern telecom firm mergers is being floated within the industry for comment by August 6.The draft outlines how the telecom …

Mop Up

Central Bank sold Rs. 1 billion of its Treasury Bill in the secondary market on Wednesday to mop up excess liquidity in the banking system. online …

Asian Edition

Sri Lanka will play host to the first annual IT knowledge dissemination conference endash Networking South Asia later in July.Chairman of the …

Back In The Shell

Supreme Court on Wednesday reinstated Shell Gas Lankas stand and the Court of Appeal order to prevent competing firms from refilling its cylinders. …

Aid Float

Sri Lankas cash float just got heavier, with the World Bank upping its aid from US$ 800 mn to US$ 1 bn over the next four years.rnldblquote For the …

Toy Factory

Studies indicate that people around the world are having more sex, but with lower physical output - baby production is on the decline.Along with many …

Clearing the Air

A draft spectrum management report recommends auctioning as the basis for allocating slots in the 1800 and 1900 MHz frequency band.Justifying its …