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Tough Luck
The special labour-rights based duty cuts for Sri Lankan exports into the European Union will hold until end 2005, but renewal of concessions will be much harder. The special labour-rights based duty cuts for Sri Lankan exports into the European Union will hold until end 2005, but renewal of concessions will be much harder. According […]
Cloak & Dagger
Electricity tariffs will go up by about seven percent from November 1, with no price change for domestic users who fall under the 90 unit band.Electricity tariffs will go up by about seven percent from November 1, with no price change for domestic users who fall under the 90 unit band. The Ceylon Electricity Board […]
The opposition will march on Colombo streets on September 24
The main opposition United National Party, is trying to shake off ‘its sleepy giant image’, with a countrywide street protest against the rising cost of living.The main opposition United National Party, is trying to shake off ‘its sleepy giant image’, with a countrywide street protest against the rising cost of living. The move comes just […]
Central Bank warns subsidies cant continue
The Central Bank of Sri Lanka expressed concern on State sponsored subsidies, but said overall growth remains on track, to ensure there need not be a change in short-term interest rates for September. The Central Bank of Sri Lanka expressed concern on State sponsored subsidies, but said overall growth remains on track, to ensure there […]
Service Charge
The Inland Revenue says a new tax – the Economic Service Charge (ESC) – will be enforced on companies from next week.The Inland Revenue says a new tax – the Economic Service Charge (ESC) – will be enforced on companies from next week. “We will advertise for companies to pay next week,” said Commissioner of […]
Taking Responsibility
The Ceylon Chamber of Commerce (CCC) says local business need to practice Corporate Social Responsibility (CSR) as a common work place tool.The Ceylon Chamber of Commerce (CCC) says local business need to practice Corporate Social Responsibility (CSR) as a common work place tool. The Chamber says it will take up the topic at its fifth […]
Convict Exchange
Sri Lanka and Lebanon are in talks for a prisoner swap so that the convicted of both countries can be tried on home ground. Sri Lanka and Lebanon are in talks for a prisoner swap so that the convicted of both countries can be tried on home ground. As at right now, there are no […]
Off Peak
Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful.Cellular operator Celtell Infinity’s service came to a standstill Wednesday, after an attempt to upgrade the software running its mobile network was unsuccessful. The software upgrade, expected to help enhance Celtell’s services, was […]
Call Back
Cellular operator Celltel Lanka’s mobile service in Colombo was fully restored by late Wednesday afternoon after a software glitch knocked off part of its service to the city.Cellular operator Celltel Lanka’s mobile service in Colombo was fully restored by late Wednesday afternoon after a software glitch knocked off part of its service to the city. […]
Central Bank raises US$ 55.25 mn worth of two-year debt at 163.48 basis points above six months LIBOR rates
The Central Bank has raised US$ 55.25 mn for the government through two-year Sri Lanka Development Bonds priced at 163.48 basis points above the six month’s London Interbank offered rate (LIBOR). The Central Bank has raised US$ 55.25 mn for the government through two-year Sri Lanka Development Bonds priced at 163.48 basis points above the […]