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Gassed Up
Shell Gas may have to jack up prices by as much as Rs.100 a cylinder come September, as it battles a price build up that’s straining its bottom-line.Shell Gas may have to jack up prices by as much as Rs. 100 a cylinder come September, as it battles a price build up that’s straining its […]
The Millennium Challenge Corporation announces the latest criteria to apply for assistance
The Millennium Challenge Corporation (MCC) announces the latest criteria on how developing countries can apply for assistance from its US bn fund in 2005.The Millennium Challenge Corporation (MCC) announces the latest criteria on how developing countries can apply for assistance from its US bn fund in 2005.In May this year a first batch of 16 […]
‘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 […]
HNB shifts its bond portfolio to a special account after a drop in treasury yields
Hatton National Bank has created a special account to transfer over four billion rupees worth of bonds, after its portfolio fell victim to a drop in treasury yields. Hatton National Bank has created a special account to transfer over four billion rupees worth of bonds, after its portfolio fell victim to a drop in treasury […]
Kind Words
Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting.Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting. Saudi Arabia has been a long standing friend, says Finance Minister Dr.Sarath Amunugama and they have promised to ‘put in […]
Radar Test
A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port.A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port. The study […]
Back to Barracks
Police discipline in Sri Lanka is to go back to the lap of the National Police Commission (NPC) as police behavior shows no hint of improvement under the Inspector General of Police.Police discipline in Sri Lanka is to go back to the lap of the National Police Commission (NPC) as police behavior shows no hint […]
Short Circuit
Cabinet Spokesperson Mangala Samaraweera said Thursday that Cabinet approval for an electricity tariff hike was deferred, after no agreement was reached on how much.Cabinet Spokesperson Mangala Samaraweera said Thursday that Cabinet approval for an electricity tariff hike was deferred, after no agreement was reached on how much. “Cabinet didn’t want tariffs for the first 90 […]
Strike One
The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week.The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week. “We were […]
Sprinkling Aid
The Ministry of Finance on Wednesday said the Treasury had released Rs.600 million in drought relief over the week.The Ministry of Finance on Wednesday said the Treasury had released Rs. 600 million in drought relief over the week. Released in two parts, Rs. 550 million has been marked out for dry ration allocations for the […]