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Dialog Telekom on Monday signed a deal worth Rs.1.8 billion to buy over Sri Lanka’s largest private communication backbone operator, MTT Networks.Dialog Telekom on Monday signed a deal worth Rs. 1.8 billion to buy over Sri Lanka’s largest private communication backbone operator, MTT Networks. Dialog Telekom on Monday signed a deal worth Rs. 1.8 billion […]
Rescue 118
Sri Lanka is testing a wireless network based emergency and disaster warning system, eleven months after the Indian Ocean tsunami killed some 40,000 coastal dwellers.Sri Lanka is testing a wireless network based emergency and disaster warning system, eleven months after the Indian Ocean tsunami killed some 40,000 coastal dwellers. Developed by Dialog Telekom and local […]
‘s borrowing costs go up, speculation of a possible rate hike ahead of polls
Sri Lanka’s borrowing costs went up by about 10-15 basis points at this week’s treasury bill auction, leaving room for speculation that the Central Bank may hike its benchmark interest rates on Wednesday.Sri Lanka’s borrowing costs went up by about 10-15 basis points at this week’s treasury bill auction, leaving room for speculation that the […]
Marxist JVP claims its not opposed to private sector or foreign investors
The JVP (Janatha Vimukthi Peramuna) says it is changing fast and it no longer opposes the private sector or foreign investors.The JVP (Janatha Vimukthi Peramuna) says it is changing fast and it no longer opposes the private sector or foreign investors. Top rungers in the UPFA at an evening meeting at Colombo Hilton said anti-business […]
Hot Air
The Court of Appeal has ruled the Consumer Affairs Authority (CAA) cannot control Shell Gs Lanka prices by categorizing LP gas as an essential item.The Court of Appeal has ruled the Consumer Affairs Authority (CAA) cannot control Shell Gs Lanka prices by categorizing LP gas as an essential item. The court awarded the case in […]
Easy Prey
Sri Lanka is just recovering from a bad bout of inflation. But inflation actually helps the Treasury balance its books, by boosting nominal revenues, and imposing cuts in wages and other expenditure in real terms. Sri Lanka is just recovering from a bad bout of inflation. But inflation actually helps the Treasury balance its books, […]
Better Management
Top economic advisor to the Prime Minister Ajith Nivard Cabral says big government is possible despite the lack of Fiscal space.Top economic advisor to the Prime Minister Ajith Nivard Cabral says big government is possible despite the lack of Fiscal space. Mr. Cabral, an accountant, used to be a member of the capitalist UNP.The Prime […]
Losing Faith
Treasury Secretary Dr P. B. Jayasundera says he has little faith in Central Bank numbers.Treasury Secretary Dr P. B. Jayasundera says he has little faith in Central Bank numbers. “I was at the Central Bank Public Finance Department and wrote these reports for 20 years.It is the same thing again and again. For us to […]
‘s daughter of destiny departs, reluctantly
Sri Lanka’s President Chandrika Kumaratunga, who steps down as president next week after serving her maximum two terms, leaves her parents’ party in turmoil and the country at a crossroads.Sri Lanka’s President Chandrika Kumaratunga, who steps down as president next week after serving her maximum two terms, leaves her parents’ party in turmoil and the […]
Kuwait lends US$ 20 mn for post tsunami reconstruction
The Kuwait Fund will lend US$ 20 mn to Sri Lanka to strengthen tertiary education and build administrative infrastructure in tsunami affected areas.The Kuwait Fund will lend US$ 20 mn to Sri Lanka to strengthen tertiary education and build administrative infrastructure in tsunami affected areas. The money will fund construction of educational facilities, student housing […]
Déjà vu
Operating losses at the Ceylon Electricity Board is threatening to snowball to Rs.18 billion by year end, as costs of generation soar with no new power plants in sight. Operating losses at the Ceylon Electricity Board is threatening to snowball to Rs. 18 billion by year end, as costs of generation soar with no new […]
Presidential Election 2005 : Outcome Revealed
The analysis appearing below is a sequel to the previous three scenario analysis. A re-cap of the three scenarios analyzed previously is as follows.The analysis appearing below is a sequel to the previous three scenario analysis. A re-cap of the three scenarios analyzed previously is as follows. Notation : UNP Candidate = RW UPFA […]