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Snuffed Out
A woman was killed by a train Tuesday on a coastal track in Sri Lanka reopened after more than 1,000 people died when eight coaches were swept away in the December tsunamis, police said.Restarting the Ocean Queen service became a symbol of the island nation’s rebuilding efforts after the devastation caused by the tsunamis, which […]
Forgive Us
Sri Lanka’s finance minister said Monday that the island has accepted debt moratoriums offered by creditor nations following December’s devastating tsunami.Sri Lanka’s finance minister said Monday that the island has accepted debt moratoriums offered by creditor nations following December’s devastating tsunami. “We have written to all the governments that we will be accepting their debt […]
Growing Octopus
The securities watchdog is looking at expanding the Takeovers & Mergers Code to cover indirect takeovers. The securities watchdog is looking at expanding the Takeovers & Mergers Code to cover indirect takeovers. The Securities & Exchange Commission’s (SEC) powers are presently limited to companies quoted on the Colombo Stock Exchange. Hence its Takeovers & Mergers […]
Legal Status
The government will soon amend existing laws to help tsunami victims that will expedite issuing of death certificates and increase the age of adoption of children left orphan by the Dec.26 disaster, the justice minister said Monday.The government will soon amend existing laws to help tsunami victims that will expedite issuing of death certificates and […]
Norway fails to clinch tsunami relief deal with Tigers
Peace broker Norway Tuesday failed to get Sri Lanka’s Tamil Tiger rebels to agree on a coordinated tsunami relief plan with the government seen as crucial for reviving stalled peace talks, officials said.Peace broker Norway Tuesday failed to get Sri Lanka’s Tamil Tiger rebels to agree on a coordinated tsunami relief plan with the government […]
Foreign Investment In Sri Lanka hits record in 2004
Foreign investment in Sri Lanka hit a record of 4 million last year, a 11% rise over the previous year, facilitated by relative peace on the island after decades of ethnic war.Foreign investment in Sri Lanka hit a record of $234 million last year, a 11% rise over the previous year, facilitated by relative peace […]
Star Struck
Telecom regulator Aruna Amarasekera was injured and rushed off to hospital on Monday, after an unknown person threw a brick into his office.Telecom regulator Aruna Amarasekera was injured and rushed off to hospital on Monday, after an unknown person threw a brick into his office. The skirmish took place around 1.30 pm, when someone half […]
Three killed in Sri Lanka blast as Bush and Clinton tour
Three people were killed and 38 injured in a blast at a courthouse in southern Sri Lanka, police said, as former US presidents George Bush and Bill Clinton toured the region.Three people were killed and 38 injured in a blast at a courthouse in southern Sri Lanka, police said, as former US presidents George Bush […]
Inland Revenue gunning for GST dues again
The Inland Revenue says it is gunning for GST dues again this year since the current amnesty is not valid for indirect taxes.The Inland Revenue says it is gunning for GST dues again this year since the current amnesty is not valid for indirect taxes. “We are going to collect all GST dues.Even if anyone […]
US wants “endgame document” to push international trade
The US wants World Trade Organisation (WTO) countries to come up with an “endgame document” this year, to keep international trade talks on track.The US wants World Trade Organisation (WTO) countries to come up with an “endgame document” this year, to keep international trade talks on track. Ministers from 148 WTO member countries will meet […]