ADB asks Lanka to get cracking on reforms and economic development

Asian Development Bank’s half a million dollar commitment to Sri Lanka could hit a bumpy stretch if much needed reforms and economic performance gets entangled in the web of political rhetoric.Asian Development Bank’s half a million dollar commitment to Sri Lanka could hit a bumpy stretch if much needed reforms and economic performance gets entangled […]

Banks wetting government’s 10,000 tank restoration project

Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. The government wants Rs. 2 bn to rehabilitate 10,000 ancient water […]

High Level

Traffic at the High Level and Kohuwala junctions in Nugegoda will fly over from 2007, with the Cabinet approving a Rs.600 mn project. Traffic at the High Level and Kohuwala junctions in Nugegoda will fly over from 2007, with the Cabinet approving a Rs. 600 mn project. The three year fly over project is one […]

Cricket plays up tourist arrivals in July, sets record for the month

The Tourist Board says July’s arrivals are the best ever recorded for the month, with 50,525 visitors, run up by Indian cricket enthusiast following their team here.The Tourist Board says July’s arrivals are the best ever recorded for the month, with 50,525 visitors, run up by Indian cricket enthusiast following their team here. “The good […]

Law on Order

Human rights groups in Sri Lanka want national budgetary allocations to improve law and order in the island. Human rights groups in Sri Lanka want national budgetary allocations to improve law and order in the island. Clear budgetary allocations are needed, says the Asian Human Rights Commission (AHRC), in a statement Thursday, to contain the […]

‘s 10,000 tank restoration project

Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. The government wants Rs. 2 bn to rehabilitate 10,000 ancient water […]

Price Surge

SriLankan Airlines is raising fares by five percent from October 1, as twin effects of a falling rupee and rising oil prices chips away profits. SriLankan Airlines is raising fares by five percent from October 1, as twin effects of a falling rupee and rising oil prices chips away profits. The national carrier got Civil […]

Crew Cut

The Asian Development Bank (ADB) will divert US$ 100 million of a US$ 570 aid package approved for Sri Lanka, to construct a breakwater in the proposed Colombo South Harbor.The Asian Development Bank (ADB) will divert US$ 100 million of a US$ 570 aid package approved for Sri Lanka, to construct a breakwater in the […]

Wise Words

President Chandrika Kumaratunga says pyramid style network marketing schemes have drained over US$ 50 mn from the country and warned tough action against government officials who promote them.President Chandrika Kumaratunga says pyramid style network marketing schemes have drained over US$ 50 mn from the country and warned tough action against government officials who promote them. […]

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