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Quick Cash
A sophisticated yet low cost real time on-line money transfer facility has been launched by Commercial Bank of Ceylon, enabling Sri Lankan expatriates to make instant money transfers from many countries. This new money transfer facility, branded ldblquote ComBank e-Exchange dblquote , provides for instant money transfers via a number of reputed financial institutions in […]
Tigers Domain
The LTTE will decide on how it and the territories under its paw would participate in the April 03, 2004 snap polls. The LTTE warned on Monday that it would honour the ceasefire agreement, but warned a snap poll was a setback to the budding peace process.rn rn”Our liberation organisation will rigidly observe the ceasefire […]
Zoo Politics
rnSri Lanka faces another expensive and possibly violent general election nearly four years before its due date leaving the peace process, donor decisions and economic policies in limbo.rnWhile a helpless UNF governments screamed lquote undemocratic and unethical the country is already in the process of breaking up under blue, green and red ranks with all […]
Dont Worry
The UNF government is upbeat of romping back to power with the promise of peace and economic prosperity, despite being caught behind by the President, a senior cabinet minister said.ldblquote We have delivered what we promised to give, that is peace and development. And we will continue with our mandate when we come back to […]
Central Bank Online
Central Bank went online with scripless security settlement system earlier last week as rate uncertainty kept primary dealers away from the secondary market.The new system is integrated with the Real Time Gross Settlement (RTGS) system for settling primary dealer accounts.rn rnCentral Bank will provide a special seat for the Colombo Stock Exchange (CSE) on the […]
Government Power
The government is taking precautionary measures to avert power cuts should the south west monsoon fails to fill the hydro reservoirs.rnThe Energy Supply Committee has already called for Expressions of Interest from emergency power suppliers to shore up the underpowered national grid.rnAny emergency power will cost the CEB much more than the current average selling […]
Old is Gold
He expected to face losses during the first year of business but managed to breakeven way before he thought he could. Hes now employing two others in his business too.rn rnAll pensioners dont set up in profitable business with their money like Mr. Thilakaratna did.rn rnMany use their retirement benefit money to give children in […]
Dissolved
President Chandrika Kumaratunga dissolved parliament late Saturday, calling for a snap poll on April 2, to break the bitter political deadlock.Parliamentary polls are not due till 2007 and a poll of this magnitude costs nearly a billion rupees endash money the exchequer has little to spare these days.rn rnStarting February 17, nominations for elections will […]
Flying Bid
Consultancy firm KPMG Ford Rhodes have been picked as financial advisors to help privatise the Bandaranaike International Airport. The firm will advise the state on structuring the offer, preparing Expressions of Interest and bid documents that is likely to be issued in a month.rn rnThe winning bidder will take up a 35 percent stake in […]
Strings Attached
The United States will float its new foreign aid agency – Millennium Challenge Corporation, in May this year, offering conditional aid for 60 of the poorest countries. Potential candidates will be announced in May, but future aid will be tied to good governance, economic freedom and anti-terrorism efforts.rn rnThe Millennium Challenge Account (MCA) will broadly, […]