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Bi-partisan Pyramid
The government strongly condemned pyramid schemes today promising quick cabinet approval to draft anti-pyramiding legislation. The government strongly condemned pyramid schemes today promising quick cabinet approval to draft anti-pyramiding legislation. “This government is warning the public of this country very seriously not to invest in these pyramid schemes,” Finance Minister Dr. Sarath Amunugama told a […]
Norway fails to break the deadlock between the government and the LTTE
Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said.Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said. Norway’s top […]
Jetwing Group takesover Trinco’s Welcombe Hotel management for a short stint
The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Welcombe (named after the […]
Govt. to borrow over Rs. 50 bn from local debt market
The Central Bank says it will re-issue Rs.7,010 mn worth of two-year treasury bonds and Rs.43,655 mn in treasury bills to the debt market, as part of its borrowing programme for August.The Central Bank says it will re-issue Rs. 7,010 mn worth of two-year treasury bonds and Rs. 43,655 mn in treasury bills to the […]
Shore Leave
ASEAN region’s Shippers will anchor in Singapore this September to thrash out their concerns – toping the list is the disputed Terminal Handling Change (THC). ASEAN region’s Shippers will anchor in Singapore this September to thrash out their concerns – toping the list is the disputed Terminal Handling Change (THC). The Sri Lanka Shippers Association […]
Pyramid Protection
Central Bank has asked the Consumer Affairs Ministry to explore how it can use the Consumer Protection Authority Law to protect consumers from mushrooming network marketing pyramid scams.Central Bank has asked the Consumer Affairs Ministry to explore how it can use the Consumer Protection Authority Law to protect consumers from mushrooming network marketing pyramid scams. […]
‘s Welcombe Hotel management for a short stint
The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Welcombe (named after the […]
Little Treats
An exclusive lifestyle spa where guests can escape and relieve the stresses of day-to-day life through exercise, relaxation and treatment opened in Colombo last week.An exclusive lifestyle spa where guests can escape and relieve the stresses of day-to-day life through exercise, relaxation and treatment opened in Colombo last week. Nestling in a lush garden, the […]
Gas Refill
Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer Affairs Authority.Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer […]
In Transition
The state-owned power monopoly is evaluating a proposal by NatWealth Corp.to help restructure nearly Rs. 20.0 bn of its debts. The state-owned power monopoly is evaluating a proposal by NatWealth Corp. to help restructure nearly Rs. 20.0 bn of its debts. The long-term debt stock, carries varying rates of interest between 10 percent to 13 […]