Author: lbostgadmin
Hot Rod
A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. The proposed wage […]
Rerouting
Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main international link was damaged last Friday.Sri Lanka Telecom says it will secure 40 MB of bandwidth by late Tuesday, to restore internet and international voice services partially after its main […]
Web Watch
The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The Health Ministry plans to bring in laws to mandate private medical doctors to maintain patient records. The laws will be incorporated into an upcoming Private Medical Institutions Act, spelling out a hospital’s rights, duties and obligations towards […]
Wire Tapping
Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable.Sri Lanka Telecom (SLT) will tap some 70 MB of bandwidth from regional internet service providers (ISP) to substitute for capacity lost to its damaged undersea cable. In a […]
Free Money
Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled out on Wednesday. Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled […]
Sprinkling Aid
The Ministry of Finance on Wednesday said the Treasury had released Rs.600 million in drought relief over the week.The Ministry of Finance on Wednesday said the Treasury had released Rs. 600 million in drought relief over the week. Released in two parts, Rs. 550 million has been marked out for dry ration allocations for the […]
Strike One
The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week.The Institute of Chartered Accountants of Sri Lanka (ICASL) qualified as the first higher education institute outside the university system for a World Bank grant last week. “We were […]
Sri Lanka’s traded deficit touched US$ 1.12 billion by June
Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill.Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill. […]
Dizzy News
Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail fares, as the Treasury factors in ‘corrections’ to trim its subsidy budget.Domestic users will be slapped with a five percent hike in electricity tariffs and an eight percent hike in bus and rail […]
Government to borrow over Rs. 52 bn from local market next month
The Central Bank is issuing US$ 55.25 mn development bonds, Rs. 9 bn worth of treasury bonds and rolling over Rs.37,589 mn worth of treasury bills in September.The Central Bank is issuing US$ 55.25 mn development bonds, Rs. 9 bn worth of treasury bonds and rolling over Rs. 37,589 mn worth of treasury bills in […]
Low Fuel
Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Sri Lankan economy is under twin attacks […]
Weak Link
Sri Lanka Telecom’s internet link collapsed late Saturday, when a ship damaged its undersea cable.Sri Lanka Telecom’s internet link collapsed late Saturday, when a ship damaged its undersea cable. The SEA-ME-WE III (South East Asia Middle East Western Europe) links Sri Lanka with the outside world through a landing point in Mount Lavinia. SLT officials […]