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Oil Prospects
A US$ 800 mn refinery at Sapugaskanda has got the Cabinet nod, in a joint venture with US based Global Energy and Industrial Operations Inc. A US$ 800 mn refinery at Sapugaskanda has got the Cabinet nod, in a joint venture with US based Global Energy and Industrial Operations Inc. Cabinet approval was given for […]
Sri Lanka PM to halt privatisation
Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday.Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday. Premier Rajapakse will totally […]
It Wasn’t Me
A Sri Lankan airforce spy plane crashed inside rebel-held territory in the island’s north Wednesday, military sources said. A Sri Lankan airforce spy plane crashed inside rebel-held territory in the island’s north Wednesday, military sources said. The operators lost control over the Unmanned Aerial Vehicle (UAV) while on a mission over territory held by the […]
Don’t go for ready-made development programmes; UNCTAD
UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working.UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working. UNCTAD says developing countries must design their own development programmes to suit individual needs and cautions developing countries against running a race to the bottom trying […]
‘t Me
A Sri Lankan airforce spy plane crashed inside rebel-held territory in the island’s north Wednesday, military sources said. A Sri Lankan airforce spy plane crashed inside rebel-held territory in the island’s north Wednesday, military sources said. The operators lost control over the Unmanned Aerial Vehicle (UAV) while on a mission over territory held by the […]
Sleaze-o-Meter
Sleaze watchdog Transparency International says it is concerned about aid flows into Sri Lanka, with the country more corrupt than last year and little political effort to spruce up its act.Sleaze watchdog Transparency International says it is concerned about aid flows into Sri Lanka, with the country more corrupt than last year and little political […]
‘t go for ready-made development programmes; UNCTAD
UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working.UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working. UNCTAD says developing countries must design their own development programmes to suit individual needs and cautions developing countries against running a race to the bottom trying […]
Early Christmas hamper from Mahinda
Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty free vehicles for good taxpayers, free spectacles for the disable, and splash out billions of rupees by way of welfare subsidies, if he wins next month’s presidential poll, his party said Tuesday.Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty […]
New laws to revamp the Tourist Board gets Parliament nod
After two years on the shelf, a new law to revamp the Tourist Board was passed in Parliament on Tuesday, with reforms to kick in over the next few weeks.After two years on the shelf, a new law to revamp the Tourist Board was passed in Parliament on Tuesday, with reforms to kick in over […]
China Calls
China’s ZTE Corporation clinched a Rs.1.5 billion deal to deploy a low cost wireless technology system for Sri Lanka Telecom.China’s ZTE Corporation clinched a Rs. 1.5 billion deal to deploy a low cost wireless technology system for Sri Lanka Telecom. CDMA or code division multiple access, is a cheaper form of mobile technology that is […]