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Sri Lanka’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 […]
‘s first money market fund making use of recent changes to the Unit Trust Code
NAMAL or National Asset Management Co., is coming out with a money market fund, capitalising on a recent change to the Unit Trust Code. NAMAL or National Asset Management Co., is coming out with a money market fund, capitalising on a recent change to the Unit Trust Code. Money funds are mutual funds that invest […]
Asking Price
SriLankan Airlines says it will need a fuel surcharge of about US$ 5 on a one-way ticket if it is to cover fuel costs soaring through the roof. SriLankan Airlines says it will need a fuel surcharge of about US$ 5 on a one-way ticket if it is to cover fuel costs soaring through the […]
Great Expectations
Finance Minister Dr. Sarath Amunugama said Tuesday that the public sector would be ‘expanded’ as needed, to take up 41,000 unemployed graduates who were promised jobs.Finance Minister Dr. Sarath Amunugama said Tuesday that the public sector would be ‘expanded’ as needed, to take up 41,000 unemployed graduates who were promised jobs. The state is dishing […]
Running Dry
The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to bridge a 20-mn gallon a day shortfall to Greater Colombo.The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to […]
Shadow Boxing
The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board.The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board. But the recent Cabinet decision only gives the Commission a […]
‘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 […]