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Sri Lanka PM vows no more war on campaign trail with troops in Jaffna
Sri Lanka’s prime minister and presidential hopeful met Friday with troops in the Tamil heartland and vowed there would be no more war with Tiger rebels. Sri Lanka’s prime minister and presidential hopeful met Friday with troops in the Tamil heartland and vowed there would be no more war with Tiger rebels. Premier Mahinda Rajapakse […]
Policy Measures
Sri Lanka’s cabinet of minister gave the go ahead on Thursday to increase the minimum solvency margins for insurance firms to Rs.100 mn for each line of business.Sri Lanka’s cabinet of minister gave the go ahead on Thursday to increase the minimum solvency margins for insurance firms to Rs. 100 mn for each line of […]
Bargain Prices
Riding on the ongoing peace deal, Commercial Bank of Ceylon has raised US$ 65 million via a two-year syndicated loan at rates much lower than the Sri Lankan government.Riding on the ongoing peace deal, Commercial Bank of Ceylon has raised US$ 65 million via a two-year syndicated loan at rates much lower than the Sri […]
Que Sera Sera
Sri Lanka’s Commercial Bank of Ceylon’s controversial extraordinary general meeting was abruptly called off late Wednesday, after its unions successfully won a stay order from the Appeals Court.Sri Lanka’s Commercial Bank of Ceylon’s controversial extraordinary general meeting was abruptly called off late Wednesday, after its unions successfully won a stay order from the Appeals Court. […]
Jetwing to build transit hotel at airport
Hotel operator, the Jetwing group got a mandate on Thursday to build a 50 room transit hotel at the Bandaranayke International Airport.Hotel operator, the Jetwing group got a mandate on Thursday to build a 50 room transit hotel at the Bandaranayke International Airport. Cabinet Spokesperson and Health Minister Nimal Siripala de Silva said the Cabinet […]
Lofty Goals
Some 3,000 odd working journalists in Sri Lanka are hoping for better pay and working conditions after several industry associations signed up to honour a new media charter on Thursday.Some 3,000 odd working journalists in Sri Lanka are hoping for better pay and working conditions after several industry associations signed up to honour a new […]
Sri Lanka opposition says peace deal in two years
PALALY, (AFP) – Sri Lanka’s opposition leader visited the main military garrison in the Tamil heartland of Jaffna Thursday and vowed peace within “two to three years” if he was elected president this month.PALALY, (AFP) – Sri Lanka’s opposition leader visited the main military garrison in the Tamil heartland of Jaffna Thursday and vowed peace […]
Sri Lanka likely to up welfare spending in budget
Sri Lanka’s government is likely to announce ambitious spending plans to help low-income groups and farmers when it presents its 2006 budget proposals next week, analysts say. Sri Lanka’s government is likely to announce ambitious spending plans to help low-income groups and farmers when it presents its 2006 budget proposals next week, analysts say. The […]
Opposition leads Sri Lanka presidential race: survey
An opinion poll Wednesday gave Sri Lanka’s opposition leader an edge in the presidential race, with a majority saying he was better able to revive the economy and the troubled peace process.An opinion poll Wednesday gave Sri Lanka’s opposition leader an edge in the presidential race, with a majority saying he was better able to […]
Been Good?
Sri Lanka recognises good tax payers by handing out gold and silver reward cards.Sri Lanka recognises good tax payers by handing out gold and silver reward cards. Minister of Finance, Sarath Amunugama and Secretary to the Treasury, P B Jayasundara handed out over 30 gold and silver cards to good tax payers that regularly contribute […]