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Latest Norway bid to end Sri Lanka talks deadlock ends without breakthrough
Norway’s latest bid to salvage Sri Lanka’s faltering peace process ended without a breakthrough but the antagonists have pledged to continue to uphold a fragile truce, rebels and officials said Friday.Norway’s latest bid to salvage Sri Lanka’s faltering peace process ended without a breakthrough but the antagonists have pledged to continue to uphold a fragile […]
Central Bank blames rate hike on skyrocketing inflation
The Central Bank plucked up the courage to raise benchmark interest rates up by 50 basis points with immediate effect, putting an end to Sri Lanka’s 12 month honeymoon of low interest rates. The Central Bank plucked up the courage to raise benchmark interest rates up by 50 basis points with immediate effect, putting an […]
Little Secrets
Manoj Susantha holds up sachets of hair gel Small is big, with sachets of just about all consumer care goods, from shampoos and creams to schoolboy grease, driving a personal care revolution among rural youth. Manoj Susantha holds up sachets of hair gel Small is big, with sachets of just about all consumer care goods, […]
Sri Lankan PM to attend Arafat funeral
Sri Lanka’s Prime Minister Mahinda Rajapakse will attend the funeral of Palestinian leader Yasser Arafat, a spokesman said Thursday.Sri Lanka’s Prime Minister Mahinda Rajapakse will attend the funeral of Palestinian leader Yasser Arafat, a spokesman said Thursday. “The prime minister will be at the funeral although he had arranged to launch a new initiative for […]
Tigers give new message on reviving Sri Lanka peace talks
Sri Lanka’s Tamil Tiger rebels Thursday said they conveyed a secret message to President Chandrika Kumaratunga through peace broker Norway on ending a 19-month deadlock on negotiations.Sri Lanka’s Tamil Tiger rebels Thursday said they conveyed a secret message to President Chandrika Kumaratunga through peace broker Norway on ending a 19-month deadlock on negotiations. The rebel […]
Running Condition
Sri Lanka’s railway is badly in need of a lifeline, a big fat one in that, instead for years now its has been thrown a thread to hang on to. Sri Lanka’s railway is badly in need of a lifeline, a big fat one in that, instead for years now its has been thrown a […]
Europeans are trickling into to Sri Lanka for a sizzling winter.
October tourist arrivals show Europeans trickling into to the warm beaches of Sri Lanka for a sizzling winter vacation.October tourist arrivals show Europeans trickling into to the warm beaches of Sri Lanka for a sizzling winter vacation. “Arrivals from Europe are increasing from October because it’s the start of winter,” said the Tourist Board announcing […]
The Central Bank raises its key short-term interest rates by 50 basis points with immediate effect.
After a 12-month lag, the Central Bank raised its key short-term interest rates by 50 basis points with immediate effect on Wednesday. After a 12-month lag, the Central Bank raised its key short-term interest rates by 50 basis points with immediate effect on Wednesday. The Repurchase (Repo) rate went up from 7.0% to 7.5% and […]
Sri Lanka’s weak currency slipped to another milestone on Mon., when the Japanese Yen equalised to the rupee
The yen touched base with the rupee on Monday as a balance of payments deficits notches higher and speculation of exchange controls continue to linger in the market.The yen touched base with the rupee on Monday as a balance of payments deficits notches higher and speculation of exchange controls continue to linger in the market. […]
Pitching for Dollars
The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued at US $ 977.7 mn. The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued […]