Author: lbostgadmin
Flight Trouble
SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire.SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire. […]
Bomb hurled at tsunami relief centre in Sri Lanka, 10 wounded
A bomb was thrown at a tsunami relief centre in a volatile northeastern town in Sri Lanka early Wednesday, injuring at least nine civilians and a soldier, police said, blaming the attack on Tamil Tiger rebels. A bomb was thrown at a tsunami relief centre in a volatile northeastern town in Sri Lanka early Wednesday, […]
Reserve Power
The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six months, even as unions relent on a new reform plan.The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six […]
Fresh Draft
The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints.The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints. In a statement issued on Wednesday, the Manila […]
‘s Central Bank leaves its interest rates steady
Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease up. Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease […]
Eight hurt as strike cripples Sri Lanka district amid Tiger war warning
At least eight policemen and a soldier were wounded in suspected Tamil rebel attacks in strike-bound northeastern Sri Lanka, a day after the guerrillas warned of a return to war. At least eight policemen and a soldier were wounded in suspected Tamil rebel attacks in strike-bound northeastern Sri Lanka, a day after the guerrillas warned […]
Hubbub for Sri Lanka’s financial hub
Sri Lanka’s main financial centre near the president’s official residence was declared a high security zone as the opposition today led an unprecedented march to the capital demanding early elections.Sri Lanka’s main financial centre near the president’s official residence was declared a high security zone as the opposition today led an unprecedented march to the […]
‘s Central Bank rejects high bond auction bids
Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Monetary Board member Deva Rodrigo […]
Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks.
Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks.Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks. A new tax on construction projects with retrospective effect from […]
Sri Lanka Tigers mourn slain cadres amid tight security
Tamil Tiger rebels were observing a day of mourning in northeastern Sri Lanka, a day after two of their senior members and two others were killed in a grenade attack, residents said. Tamil Tiger rebels were observing a day of mourning in northeastern Sri Lanka, a day after two of their senior members and two […]
The cost of free water
Water is free in Sri Lanka. Anyone who says different will be pilloried.I say different. I say that we will pay in lives and devastation if we do not start charging the real costs of water.Water is free in Sri Lanka. Anyone who says different will be pilloried. I say different. I say that we […]
Commercial Bank expands its debt warehouse
Commercial Bank of Ceylon picked up another Rs.325 million debenture to sit in its newly created debt warehouse, which offers to subscribe, hold and sell competitively priced paper above conventional savings products.Commercial Bank of Ceylon picked up another Rs. 325 million debenture to sit in its newly created debt warehouse, which offers to subscribe, hold […]