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Oil Spurt
Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity at its Sapugaskanda refinery and save on its fuel bill.Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity […]
‘s September inflation dips
Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday.Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. The twelve […]
‘s getting richer says the Central Bank
Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to expand Sri Lanka’s second quarter economy, the country’s Central Bank said Friday.Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to […]
Foreign investments bypassing paradise isle
Foreign investments bypassing paradise isle, despite preferential trade access to major world markets. Sri Lanka’s investment promotion agency, the Board Of Investment (BOI), says foreign investment is not flowing into the island, despite preferential access into two of the world’s largest markets – India, and the EU. “Investment into Sri Lanka has been stagnating for […]
Robot Cop
Sri Lanka’s traffic police have sought new armory to force insurance companies to report road accidents, after discovering empty pages in national road safety records.Sri Lanka’s traffic police have sought new armory to force insurance companies to report road accidents, after discovering empty pages in national road safety records. There has been an average 20 […]
Tough Sell
Sex sells as female sexuality comes out of the closet and Asian women holding the purse buy sexy lingerie and flirt a little more; but advertisers trying to reach her need to try a new position. Sex sells as female sexuality comes out of the closet and Asian women holding the purse buy sexy lingerie […]
Better View
The EU donates satellite pictures of Sri Lanka’s coastline before and after the tsunami, to help reconstruction.The EU donates satellite pictures of Sri Lanka’s coastline before and after the tsunami, to help reconstruction. “As an essential contribution to help post-tsunami reconstruction in Sri Lanka, the European Commission (EC) has delivered to the Sri Lankan authorities, […]
Window Dressing
Financial statements of Sri Lankan firms are sometimes incorrectly presented because local auditors don’t keep up with new developments, the island’s accounting and auditing watchdog said. Financial statements of Sri Lankan firms are sometimes incorrectly presented because local auditors don’t keep up with new developments, the island’s accounting and auditing watchdog said. The watchdog is […]
Punjabi Rock
Sri Lankan artistes with raw talent, a little Punjabi sound fused with Sinhalese and some management help are finding a ready springboard into India’s music world. Sri Lankan artistes with raw talent, a little Punjabi sound fused with Sinhalese and some management help are finding a ready springboard into India’s music world. Overall Market Size […]
Buying Time
Sri Lanka’s Supreme Court Wednesday ordered the suspension of a criminal investigation into the prime minister’s handling of tsunami aid following allegations of corruption. Sri Lanka’s Supreme Court Wednesday ordered the suspension of a criminal investigation into the prime minister’s handling of tsunami aid following allegations of corruption. Chief justice Sarath Silva asked the police […]