Saffron Power
Nationalist party, Sihala Urumaya said Tuesday that it was exclusively fielding Buddhist monks to contest the 225 seats up for grabs at snap parliamentary …
Get Going
The four co-chairs of peace have expressed disappointment over the current political situation and repeated their call on the Sri Lankan government to resume …
Grand Slam
Sri Lankas Prime Minister has accused the countrys president of jeopardising a ceasefire with Tamil rebels and scuttling economic recovery in his first public …
Flat Out
Treasury bond yields for two-year papers remained flat, despite Mondays auction being oversubscribed, the Central Bank said.The bank offered Rs. 1 bn, but …
Dusting Cobwebs
The Merchant Bank of Sri Lanka (MBSL) is exploring ways to wipe off its accumulated losses through a balance sheet clean up process.The bank is contemplating …
Moral Support
A state bank crept into the foreign exchange markets on Tuesday morning to shore the rupee up, to prevent it from touching the psychological 100.00 rupee …
Quick Dip
Conglomerate Hemas Holdings delved deeper into the tourism sector on Monday to pick up a 47 percent slice in Associated Hotels, the owning company of Lihiniya …
Different Lines
The telecom watchdog is looking at giving payphone operator Tritel, a facilities based licence to allow it to penetrate deeper into the rural areas. Tritel has …
Chicken Safe
Lunchtime at KFC outlets is not as rushed as it used to be a few weeks ago these days. People are staying away from poultry based products due to the bird flu …
Back to Basics
The problem with subsidies is that the rich enjoy them as much as the poor. The cross subsidy on diesel is a classic example. buy prelone online …
Project lquote Put Off
The Colombo Commercial Company property facing the Beira Lake is owned by the UDA.A part of the property has been given on a 50-year lease to the Commercial …
Listing Debt
The Central Bank has allowed the Employee Provident Fund to list its Rs. 240 bn government treasury portfolio on the CSEs new debt trading system, the DEX. …
Bits of Crime
The long overdue Computer Crimes Bill is low on ram, but more laws are on the way to legalise digital signatures and set minimum security standards for …
Good Tidings
The US Agency for International Development said it has finalised a five-year US$ 120 mn plan to support peace and reform in Sri LankaVisiting USAID Deputy …
Be Careful
Asian countries are enjoying some of their best years after the East Asian crisis. But a top IMF official says the party might end quickly if emerging …
Korean Chips
Koreas Myunghim Lanka (Pvt) Ltd has signed up to build a US$ 18 mn township development project in Kalutara.The Board of Investment says the 100 percent South …
You Call You Pay
Fixed line and cellular subscribers will pay up to Rs. 5 more per minute for calling a mobile user, possibly from March 1. The additional charge comes with a …
Party Pooper
Sri Lankas system of party politics is accelerating into action with the President clearing the way to stockpile state resources under the Alliance flag and …
Not Now
Sri Lankas Tiger rebels have asked for direct reconstruction aid as a political crisis in the government here stalled their peace process, but donors have …
Flying Visit
The US embassy said Mark S Ward, Deputy Assistant Administrator of the Asia and Near East Bureau, USAIDs highest-ranking official covering South Asia, visited …