Author: lbostgadmin
Sri Lankan president cancels talks with allies over tsunami aid deal
Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said.Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said. President Chandrika […]
Trip Switch
Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval.Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval. Investors last week encouraged the government to go ahead with […]
Scam Jam
Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon.Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon. […]
Super Doopers
Modern trade or shopping at super markets is a developing habit in Sri Lanka. Modern trade or shopping at super markets is a developing habit in Sri Lanka. But people who have access to information and exposure to brands are shopping at supermarkets more frequently here than in some of the bigger regional economies. Shifts […]
High Jump
A bus fare increase looming this month as private bus operators demand compensation for the sharp jump in operating costs.A bus fare increase looming this month as private bus operators demand compensation for the sharp jump in operating costs. To keep private busses in the roads, the National Transport Commission wants a bus fare increase […]
Choke Ride
Railway authorities are in negotiations with the Transport Ministry to urgently up its fares after Sunday’s fuel price hike. Railway authorities are in negotiations with the Transport Ministry to urgently up its fares after Sunday’s fuel price hike. An official from the Transport Minister office said on Monday that negotiations to raise fares were currently […]
Petro Shock
Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs.6.00 a litre to Rs. 80 and diesel up by Rs. 4.00 a litre to Rs. 50, just a month after the last price hike.Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs. 6.00 a […]
Thinking out of the tea chest
Industry analysts say receding tea consumption in traditional markets could be negated if new markets are actively tapped for business.A recent study in Britain, the very nation that propagated the tea plantations in the mid 1800s, found that the brew was loosing flavour with the new generation of Brits. Over the last five years total […]
India offers to help Sri Lanka redesign air-defence capabilities: report
NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network after allegations that Tamil Tiger rebels have acquired at least two aircraft, a report said Friday.NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network […]
Did Sri Lanka twist UN findings to justify zoning?
Sri Lanka’s move to justify the no-building coastal buffer zone based on a United Nations sampling of tsunami survivors could be seriously flawed, a survey by two UN agencies showed.Sri Lanka’s move to justify the no-building coastal buffer zone based on a United Nations sampling of tsunami survivors could be seriously flawed, a survey by […]
Bomb wounds five in Sri Lanka town where Tamil strike seeks troop pullout
A bomb blast wounded five people on Friday in Sri Lanka’s northeastern port town of Trincomalee, where Tamils staged a strike to demand security forces withdraw from the streets, police and witnesses said.A bomb blast wounded five people on Friday in Sri Lanka’s northeastern port town of Trincomalee, where Tamils staged a strike to demand […]
Sri Lanka econony waits for government to spend aid
A flood of financial support for Sri Lanka after the devastating tsunami has boosted the stock market to a record high and helped strengthen the Sri Lankan rupee against the dollar.A flood of financial support for Sri Lanka after the devastating tsunami has boosted the stock market to a record high and helped strengthen the […]