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Bouncing Back
The Ceylon Tourist Board chairman Udaya Nanayakkara says the board will spend over US$ 7 million this year to promote the Indian Ocean Island as an up-market holiday destination.The Ceylon Tourist Board chairman Udaya Nanayakkara says the board will spend over US$ 7 million this year to promote the Indian Ocean Island as an up-market […]
Regulations Help
A top European auditor says regulators here must think about legislation to force listed companies to setup audit committees.A top European auditor says regulators here must think about legislation to force listed companies to setup audit committees. Few of Sri Lanka’s over 200 public firms have independent audit committees that help protect the rights of […]
Millennium Move
Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company.Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company. The company has helped many stock exchanges go […]
High Pressure Oil
Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation.Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation. Indian High commission in Colombo is putting diplomatic […]
Sri Lanka truce, foreign aid under threat, Japan warns
Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami relief could jeopardise foreign aid prospects, a top Japanese envoy said Saturday.Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami […]
‘s aid parley
KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]
We miss you
Sachithra Sachitra Silva, colleague and friend, passed away on May 13, under tragic circumstances. Before joining Vanguard-ETV’s business news division, he was at Lakhanda radio, ABC Radio, and MTV News division. Our sympathies are with his wife and baby son at this difficult time. Cortege leaves residence 97 Daham Mawatha Maharagama at 4 pm on […]
US agrees to defer US$ 40 mn in Sri Lanka’s debt, repayable over 4 years
The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]
Inflation Checker
The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The […]
Rates Raised
The Monetary Board raised its short term interest rates by 25 basis points and opted to pursue open market operations more aggressively to curb spiralling inflation. The Monetary Board raised its short term interest rates by 25 basis points and opted to pursue open market operations more aggressively to curb spiralling inflation. The Central Bank […]