All Blogs
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. […]
Nail Biting
The government is expected to give its verdict on People’s Bank’s restructuring proposal in three-weeks time detailing capital injection plans.The government is expected to give its verdict on People’s Bank’s restructuring proposal in three-weeks time detailing capital injection plans. The technically insolvent bank is asking to issue long-term convertible bonds to meet Central Bank’s minimum […]
Sri Lanka still short of 100,000 hotel rooms to meet inbound tourist traffic
SriLankan Airlines has upped the tempo on promotions, new destinations and aircrafts, but says the country is still short of 100,000 hotel rooms to meet inbound tourist traffic.SriLankan Airlines has upped the tempo on promotions, new destinations and aircrafts, but says the country is still short of 100,000 hotel rooms to meet inbound tourist traffic. […]
Different Beat
Payphone operator Tritel Services (Pvt) Ltd has donated a year’s worth of ‘coin jam money’ to drought-affected families in Anuradhapura.Payphone operator Tritel Services (Pvt) Ltd has donated a year’s worth of ‘coin jam money’ to drought-affected families in Anuradhapura. Five hundred families in Maha Kanadarawa received dry ratios worth Rs. 250,000, partly funded from ‘jammed […]
Tigers accuse Sri Lanka troops of launching attack
Tamil Tiger rebels Wednesday accused security forces of attacking them in eastern Sri Lanka, in one of the worst outbreaks of fighting during the current truce, leaving an estimated nine people dead.Tamil Tiger rebels Wednesday accused security forces of attacking them in eastern Sri Lanka, in one of the worst outbreaks of fighting during the […]
Sri Lanka seeks more UN peacekeeping slots
Sri Lanka’s military Wednesday said it was seeking more UN peacekeeping jobs as the island’s first batch of 750 troops prepared to leave for Haiti.Sri Lanka’s military Wednesday said it was seeking more UN peacekeeping jobs as the island’s first batch of 750 troops prepared to leave for Haiti. Army chief Lieutenant General Shantha Kottegoda […]
Sri Lanka is not so hot to do business, says a World Bank study
Sri Lanka might spend millions marketing itself as a paradise destination but a recent World Bank study finds that as a place to do business in, the island is no heaven.Sri Lanka might spend millions marketing itself as a paradise destination but a recent World Bank study finds that as a place to do business […]
Urban residents could go dry for water under a new farmer-friendly national water policy
Urban residents could go dry for water under a new farmer-friendly national water policy drafted by the Agricultural Ministry.Urban residents could go dry for water under a new farmer-friendly national water policy drafted by the Agricultural Ministry. The latest proposals give farmers priority when it comes to water use and allows water for other economic […]