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Open Wide
Sri Lanka will lobby Malaysia for an Open Skies Agreement this week, freeing up more air routes between the countries, ahead of a second national airline making its entrance.Sri Lanka will lobby Malaysia for an Open Skies Agreement this week, freeing up more air routes between the countries, ahead of a second national airline making […]
Increased Float
The ADB has agreed to increase its component in funding the US$ 400 mn initial phase of the South Harbour project to US$ 150 mn.The ADB has agreed to increase its component in funding the US$ 400 mn initial phase of the South Harbour project to US$ 150 mn. The increase corresponds to a plea […]
Heroin, cannabis threat in Sri Lanka
Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC).Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC). “Global drug use has risen by some 8 percent in the past year, with cannabis leading […]
It’s A Steal
More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates.More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates. “Today we have inflation running at a certain […]
Empty Hold
Air freight traffic slumped in Asia in May as high oil prices take the shine off global business and threatens to push the global airline industry further into the red. Air freight traffic slumped in Asia in May as high oil prices take the shine off global business and threatens to push the global airline […]
Rolling In
Sri Lanka’s Finance Ministry says tax revenues increased in the first four months of 2005 but did not say whether it was below or higher than the original target.Sri Lanka’s Finance Ministry says tax revenues increased in the first four months of 2005 but did not say whether it was below or higher than the […]
‘s A Steal
More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates.More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates. “Today we have inflation running at a certain […]
Money Q & A
The World Bank and the Asian Development Bank in a joint study has found that poor infrastructure, lack of policy and political stability as key constraints that discourage investments in Sri Lanka. Urban firms in particular cited the macro-economic instability as a reason to hold back investment.Another widely cited reason was high real interest rates. […]
Jail Birds
Five men were Monday sentenced to hang for killing a Sri Lankan judge who had handed down heavy sentences on gangsters.Five men were Monday sentenced to hang for killing a Sri Lankan judge who had handed down heavy sentences on gangsters. The murder of Judge Sarath Ambepitiya, who was gunned down at his Colombo home […]
Sri Lanka Marxists march against peace broker Norway
Hundreds of Marxist party activists protested against peace-broker Norway here Monday after Sri Lanka’s foreign minister questioned Oslo’s impartiality in the peace process with Tamil rebels.Hundreds of Marxist party activists protested against peace-broker Norway here Monday after Sri Lanka’s foreign minister questioned Oslo’s impartiality in the peace process with Tamil rebels. The marchers, led by […]