All Blogs
A 38 percent higher fuel bill is burning a hole in the island’s balance of trade
A 38 percent higher fuel bill is burning a hole in the island’s pocket, driving up its trade deficit to US$ 1.46 billion by August, up US$ 586 million from a year ago.The Central Bank on Tuesday said Sri Lanka’s import bill grew 20 percent to US$ 5.05 billion up from US$ 4.22 billion the […]
Angry Muslims quit peace panel and declare ‘war’ on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
Divine Intervention
People’s Bank is anticipating a Rs. 8.5 billion cash injection from the State to shore up its capital account by mid next year. People’s Bank is anticipating a Rs. 8.5 billion cash injection from the State to shore up its capital account by mid next year. "We submitted our proposals to SEMA. We are hopeful […]
By the Way
The Road Development Authority (RDA) is mooting ambitious plans to setup wayside resting parks – reminiscent of the old ambalama concept – without the grazing ground for cattle, but with accident free parking facilities for vehicles.The Road Development Authority (RDA) is mooting ambitious plans to setup wayside resting parks – reminiscent of the old ambalama […]
Local Talk
Officials say the next PC sold in the market could come with Sinhalese language capabilities and a local language keyboard.Officials say the next PC sold in the market could come with Sinhalese language capabilities and a local language keyboard. In a beta version released in late October, the hundreds of character combinations that make the […]
” on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
Speed Cheques
Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque truncation. Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque […]
Banking Miracle
Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Pan Asia now called PABC […]
Hilton Hotel sale may take time
The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, an official at the government’s privatization body said Friday. The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, […]
High Time
A top bureaucrat said the utilities regulator already set up will be made fully operational next year. A top bureaucrat said the utilities regulator already set up will be made fully operational next year. Mano Tittawella, the Chairman of Strategic Enterprises Management Agency (SEMA), told businessmen that the multi sector regulator, Public Utilities Commission of […]