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Illegal Quest
GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday.GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the […]
Engaged Tone
Distilleries Company of Sri Lanka Group on Thursday signed a share purchase agreement with Lanka Bell to buy 76 percent of the telco.Distilleries Company of Sri Lanka Group on Thursday signed a share purchase agreement with Lanka Bell to buy 76 percent of the telco. The deal will go through Milford Holdings (Pvt) Ltd – […]
Call Charge
COLOMBO (Dow Jones)–Distilleries Co.of Sri Lanka (DIST.SL) said Friday it will pay million to acquire local fixed-line operator Lanka Bell Ltd. COLOMBO (Dow Jones)–Distilleries Co. of Sri Lanka (DIST.SL) said Friday it will pay million to acquire local fixed-line operator Lanka Bell Ltd.“The acquisition may take about a month to complete. We will start the […]
President India
03/06/2005 1. Her Excellency, Mrs. Chandrika Bandaranaike Kumaratunga, President of Sri Lanka, paid a working visit to India from June 2-4, 2005. 03/06/2005 1. Her Excellency, Mrs. Chandrika Bandaranaike Kumaratunga, President of Sri Lanka, paid a working visit to India from June 2-4, 2005. 2. The President of Sri Lanka held cordial, wide-ranging discussions with […]
Temasek Holdings fund manager to share tips with local financial community
A fund manager working for a top Asian investment fund would be in Sri Lanka to share and train local financial positions on risk management. A fund manager working for a top Asian investment fund would be in Sri Lanka to share and train local financial positions on risk management. David Belmont Managing Director and […]
Donors postpone talks with Sri Lankan rebels ahead of aid-sharing deal
International donors said Thursday they had postponed a meeting with Sri Lanka’s Tamil Tiger rebels amid moves by Colombo to enter into a controversial aid-sharing deal with the guerrillas.International donors said Thursday they had postponed a meeting with Sri Lanka’s Tamil Tiger rebels amid moves by Colombo to enter into a controversial aid-sharing deal with […]
Sri Lanka econony waits for government to spend aid
A flood of financial support for Sri Lanka after the devastating tsunami has boosted the stock market to a record high and helped strengthen the Sri Lankan rupee against the dollar.A flood of financial support for Sri Lanka after the devastating tsunami has boosted the stock market to a record high and helped strengthen the […]
Bomb wounds five in Sri Lanka town where Tamil strike seeks troop pullout
A bomb blast wounded five people on Friday in Sri Lanka’s northeastern port town of Trincomalee, where Tamils staged a strike to demand security forces withdraw from the streets, police and witnesses said.A bomb blast wounded five people on Friday in Sri Lanka’s northeastern port town of Trincomalee, where Tamils staged a strike to demand […]
Did Sri Lanka twist UN findings to justify zoning?
Sri Lanka’s move to justify the no-building coastal buffer zone based on a United Nations sampling of tsunami survivors could be seriously flawed, a survey by two UN agencies showed.Sri Lanka’s move to justify the no-building coastal buffer zone based on a United Nations sampling of tsunami survivors could be seriously flawed, a survey by […]
India offers to help Sri Lanka redesign air-defence capabilities: report
NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network after allegations that Tamil Tiger rebels have acquired at least two aircraft, a report said Friday.NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network […]