Author: lbostgadmin
Joint Forces
The government says is it has not yet been able to set up a joint mechanism to fund the North and East, and is waiting for a word from the LTTE top brass.The government says is it has not yet been able to set up a joint mechanism to fund the North and East, and […]
Hic Hic
Sri Lanka’s warring parties are yet to agree on how to disburse millions of dollars in foreign aid for tsunami survivors more than three months after the disaster, a senior minister admitted Thursday.Sri Lanka’s warring parties are yet to agree on how to disburse millions of dollars in foreign aid for tsunami survivors more than […]
‘s economy expected lag behind other Asian countries this year: ADB
Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank said. Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank […]
‘s troubled east
A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday.A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday. Unidentified gunmen shot dead a policeman guarding a warehouse holding tsunami relief […]
Unplugged
Power sector unions are giving the state till Friday to decide on controversial reform plans for the loss making Ceylon Electricity Board, ahead of a key union meeting.Power sector unions are giving the state till Friday to decide on controversial reform plans for the loss making Ceylon Electricity Board, ahead of a key union meeting. […]
Urgent Matter
The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists.The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists. “From April 2004, up to now, […]
Short Selling
The Public Enterprises Reform Commission (PERC) has billed just over a million rupees for the government so far, selling its minority stakes in listed companies.The Public Enterprises Reform Commission (PERC) has billed just over a million rupees for the government so far, selling its minority stakes in listed companies. Small parcels including stakes in Commercial […]
Swiss Aid
Switzerland on Wednesday gave Sri Lanka US$ 7 mn as aid for cash grants to rebuild houses outside the coastal buffer zone in tsunami affected areas.Switzerland on Wednesday gave Sri Lanka US$ 7 mn as aid for cash grants to rebuild houses outside the coastal buffer zone in tsunami affected areas. The grant funds will […]
Up Link
Telecom Ministry says Lanka Internet could continue with its existing license to offer voice service, but says will consider all interpretations of the licenses from the industry. Telecom Ministry says Lanka Internet could continue with its existing license to offer voice service, but says will consider all interpretations of the licenses from the industry. The […]
Thrice Over
Destitute Hambantota entreprenuers, who were hit by the tsunami, then battered by the government’s buffer zone rules, are now caught in another vicious trap as banks value their remaining land at rock bottom prices.Destitute Hambantota entreprenuers, who were hit by the tsunami, then battered by the government’s buffer zone rules, are now caught in another […]
Free Float
SriLankan Airlines is contemplating moving into a floating rate fare regime to beat off galloping fuel prices that is burning a hole in its bottomline, a top official said Tuesday. The national carrier raised fares between US$ 15-50 from April 1, as jet fuel prices are showing no signs of abating. For instance, a round […]
BTT increase canned under central government and trade pressure
Provincial Councils (PC) are packing up plans to increase the Business Turnover Tax (BTT) that was to come into force on April 1.Provincial Councils (PC) are packing up plans to increase the Business Turnover Tax (BTT) that was to come into force on April 1. The Provincial Councils say the change of heart is due […]