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Fresh violence erupts in Sri Lanka as Tigers tour Europe
At least three people were critically wounded when suspected Tamil Tiger rebels threw a grenade into the office of a rival group in eastern Sri Lanka Friday, military officials said.At least three people were critically wounded when suspected Tamil Tiger rebels threw a grenade into the office of a rival group in eastern Sri Lanka […]
Restructuring CEB will reduce electricity production cost by Rs 2.50, says Finance Minister
Restructuring the Ceylon Electricity Board (CEB) will reduce cost of electricity production by Rs 2.50, says Finance Minister. Restructuring the Ceylon Electricity Board (CEB) will reduce cost of electricity production by Rs 2.50, says Finance Minister. “Last week we were looking at performance reports of the CEB.If we restructure the CEB we will be able […]
Mix ‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]
‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]
One Year Breather
Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 on repayment of their debt owed to Paris Club members, the Paris Club said Thursday. Indonesia and Sri Lanka, devastated by the tsunami disaster in late December, have been given a moratorium until December 31 […]
Ceylinco to tap US markets for money to build Hyatt hotel in Colombo
The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo.The Ceylinco Group will tap US financial markets for 70 percent of its proposed US$ 50 mn initial investment to build the 250 room Hyatt Regency Colombo. The Sri […]
Drifting Apart
Sri Lanka has slipped to the 71 spot (from 66 last year) in the World Economic Forum’s Global Information Technology Report.Sri Lanka has slipped to the 71 spot (from 66 last year) in the World Economic Forum’s Global Information Technology Report. The report ranks nations on how good they are at exploiting global IT developments […]
Hopes rise for Sri Lanka aid breakthrough
Sri Lanka’s peace broker Norway was hopeful of clinching a deal between the Colombo government and the Tiger rebels on jointly handling tsunami relief aid, the guerrillas said Sri Lanka’s peace broker Norway was hopeful of clinching a deal between the Colombo government and the Tiger rebels on jointly handling tsunami relief aid, the guerrillas […]
It’s Official
TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. TELEKOM Malaysia Bhd has confirmed that it intends to list its Sri Lankan subsidiary, MTN Networks (Pte) Ltd or Dialog GSM, on the Colombo Stock Exchange. In a statement […]
Commercial Call
SriLankan Airlines has lost US$ 40 mn during the post tsunami period, and is expected to end the year with a US$ 10 mn loss as falling passenger revenues and rising fuel costs takes a toll on its balance sheet, a top official said Tuesday.SriLankan Airlines has lost US$ 40 mn during the post tsunami […]