Author: lbostgadmin
Little Irritation
Sri Lanka Telecom’s group net profits fell 27 percent for the nine months ended Sept.30, weighed down by a new levy on international calls. Sri Lanka Telecom’s group net profits fell 27 percent for the nine months ended Sept. 30, weighed down by a new levy on international calls. The cash rich operator posted net […]
A rubber replanting subsidy for all cultivators is doubled to Rs. 100,000 a hectare.
All rubber cultivators, from smallholders to plantation companies can get a Rs.100,000 subsidy per hectare for replanting, from a recently set up rubber cess fund. All rubber cultivators, from smallholders to plantation companies can get a Rs.100,000 subsidy per hectare for replanting, from a recently set up rubber cess fund. A Rs. 49,000 per hectare […]
Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake
Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake, brokers said. Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake, brokers said. The strategic parcel of 1.1 mn or just under eight percent shares was […]
Lift Off
All future civil aviation development will be on a much-needed sector master plan that is in the works, but re-hauling regional airports and private air traffic management may not be top priority.All future civil aviation development will be on a much-needed sector master plan that is in the works, but re-hauling regional airports and private […]
A 38 percent higher fuel bill is burning a hole in the island’s balance of trade
A 38 percent higher fuel bill is burning a hole in the island’s pocket, driving up its trade deficit to US$ 1.46 billion by August, up US$ 586 million from a year ago.The Central Bank on Tuesday said Sri Lanka’s import bill grew 20 percent to US$ 5.05 billion up from US$ 4.22 billion the […]
The international donor community could cut the strings attached to US$ 4.5 bn in aid
The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight.The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight. Japanese Peace Envoy Yasushi Akashi Tuesday, […]
Strike Out
The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects.The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects. […]
Mine Ban
The Landmine Ban Advocacy Forum welcomed participation of LTTE combatants at a global anti-landmine summit, adding that compliance could increase donor aid for landmine action. The Landmine Ban Advocacy Forum welcomed participation of LTTE combatants at a global anti-landmine summit, adding that compliance could increase donor aid for landmine action. Geneva Call, an international humanitarian […]
Cashing on a booming hospitality industry, conglomerate Hemas Holdings is infusing Rs. 100 mn to put up a luxury resort in Tangalle
Cashing on a booming hospitality industry, conglomerate Hemas Holdings is infusing Rs.100 mn to put up a luxury resort in the southern coast of Tangalle.Cashing on a booming hospitality industry, conglomerate Hemas Holdings is infusing Rs. 100 mn to put up a luxury resort in the southern coast of Tangalle. The concept paper for the […]
Disclosure Tariffs
The insurance watchdog is taking a serious look at mandating firms to get a listing on the Colombo Stock Exchange within three years, a top official said.The insurance watchdog is taking a serious look at mandating firms to get a listing on the Colombo Stock Exchange within three years, a top official said. The issue […]
” on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
Local Talk
Officials say the next PC sold in the market could come with Sinhalese language capabilities and a local language keyboard.Officials say the next PC sold in the market could come with Sinhalese language capabilities and a local language keyboard. In a beta version released in late October, the hundreds of character combinations that make the […]