All Blogs
Medical Aid
The Ceylinco Group will invest Rs.2 bn to set up two specialised hospitals this year, following the success of its Cancer Detection Centre.The Ceylinco Group will invest Rs. 2 bn to set up two specialised hospitals this year, following the success of its Cancer Detection Centre. “We are in the process of setting up two […]
Tsunami Circus
Tsunami victims stew in camps in Sri Lanka waiting for millions of rupees worth of aid that has got stuck in government red tape.Tsunami victims stew in camps in Sri Lanka waiting for millions of rupees worth of aid that has got stuck in government red tape. “On average only about 30 percent of the […]
Regaining the Coast
The government is going ahead with plans for a ‘no-building’ zone along the island’s coast. The government is going ahead with plans for a ‘no-building’ zone along the island’s coast. “We have already started putting temporary markers on the 100m zone.The Coast Conservation Department will fix the permanent markers.Then we will demarcate it on the […]
Bug Buster
IT solutions provider Eureka Technology Partners say Sri Lankan business face an equal threat from hackers and other software vulnerabilities as are their overseas counterparts and with the consequences as painful as a labour dispute.IT solutions provider Eureka Technology Partners say Sri Lankan business face an equal threat from hackers and other software vulnerabilities as […]
Easing Off
A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s Ceylon Petroleum Corp. repay its mountain of foreign debt, Ceypetco chairman Jaliya Madegama said Tuesday. A stronger Sri Lankan rupee, backed by foreign aid for the reconstruction of the tsunami-battered island, should help the state’s […]
The East coast will take up to 40 percent of rebuilding spend, with the tsunami bill at a final US$ 1.5 bn
Sri Lanka’s top donors say the East coast will take up to 40 percent of the country spend on rebuilding, with the tsunami re-construction bill at a final US$ 1.5 bn. The Central Bank has estimated that the combined effect of the tsunami will shave off less than a percentage point of GDP this year. […]
Sri Lanka’s ruling Marxists demand probe on foreign tsunami volunteers
Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused Tiger rebels of importing war-machinery under the guise of aid.Sri Lanka’s main Marxist party, which is part of the government, demanded a probe Tuesday into foreigners involved in tsunami relief and accused […]
Helping Hand
“I don’t want to fill any more tsunami forms,” is the first thing A P Gunawathi tells strangers visiting her present home – a displaced person’s camp in Dikwella, in the Matara district.“I don’t want to fill any more tsunami forms,” is the first thing A P Gunawathi tells strangers visiting her present home – […]
Rolling Dice
Sri Lanka plans to reward good taxpayers with a lottery scheme this year, as the government pulls out the stops to raise Rs.351 bn in tax revenue this year, Treasury Secretary said.The usually starved Treasury was rather well fed by end last year, thanks to a string of new taxes, including unpopular measures like retrospective […]
Restart
Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. Central Bank says it’s concessionary loan scheme has received 674 applications by tsunami affected business. The applications call for some Rs. 775 million in concessionary loans, the bank said on Tuesday. The applications are in response to the Bank’s Susahana […]