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‘s inflation nudged up to double digit levels in August
Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy.Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy. The Central Bank said […]
Pay Or Else..
The Central Bank has opened a special bank account for Pramuka Bank’s customers to repay their loans, and issued a tough warning to willful defaulters. The Central Bank has opened a special bank account for Pramuka Bank’s customers to repay their loans, and issued a tough warning to willful defaulters. Process to liquidate Pramuka Savings […]
Shorthanded
A lack of formal training and a piece of paper to prove it is keeping a part of Sri Lanka’s unemployed from finding work abroad. A lack of formal training and a piece of paper to prove it is keeping a part of Sri Lanka’s unemployed from finding work abroad. “We have not been able […]
Floating Options
The Land Reclamation Department will float a joint venture with Canada’s Info Consultants to raise money to develop the local canal network.The Land Reclamation Department will float a joint venture with Canada’s Info Consultants to raise money to develop the local canal network. The Canadian consultancy firm recently completed a feasibility study and technical evaluation […]
Sri Lanka’s leading business chamber urges upward revisions to local fuel prices.
Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates.Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates. The Ceylon Chamber of Commerce met on Thursday to discuss the impacts of increasing international oil prices on […]
One Up
Ports Minister Mangala Samaraweera Thursday revoked a ban imposed this week on three-wheeler taxis at Sri Lanka’s only international airport, arguing they were needed by the poor.Ports Minister Mangala Samaraweera Thursday revoked a ban imposed this week on three-wheeler taxis at Sri Lanka’s only international airport, arguing they were needed by the poor. Samaraweera said […]
Bus Fair
An islandwide bus strike on Monday was averted when the government agreed to a 50 cents increase in bus fares from 1st September.An islandwide bus strike on Monday was averted when the government agreed to a 50 cents increase in bus fares from 1st September. “We were told we can increase bus fares by 50 […]
Ship Building
Cabinet cleared an Asian Development Bank (ADB) sponsored master plan to develop Sri Lanka’s ports sector.The Shipping Minister Mangala Samaraweera told Lanka Business Online on Thursday that the Cabinet of Ministers had approved the port master plan, that details development areas and priority infrastructure requirements to meet growing and potential demand. In addition, Samaraweera says […]
Up Time
Sri Lanka Telecom on Thursday confirmed it has secured enough bandwidth to fully restore its internet services by one in the morning.Sri Lanka Telecom on Thursday confirmed it has secured enough bandwidth to fully restore its internet services by one in the morning. The telco giant negotiated for bandwidth from regional internet service providers and […]
Funky Tunes
Sri Lanka Telecom’s net profits fell just short of the two billion rupee mark, but operating cost continued to surge, despite undergoing a hefty early retirement scheme.Sri Lanka Telecom’s net profits fell just short of the two billion rupee mark, but operating cost continued to surge, despite undergoing a hefty early retirement scheme. The dominant […]