Author: lbostgadmin
Cop explodes grenade while hugging his girlfriend
A constable exploded a grenade, killing himself and his estranged fiancee, at the police garage in the Sri Lankan capital Colombo Friday, an official told AFP.A constable exploded a grenade, killing himself and his estranged fiancee, at the police garage in the Sri Lankan capital Colombo Friday, an official told AFP. The man ordered colleagues […]
Inflation figures for July rise, pushed up by import costs and drought
Sri Lanka’s inflationary rate for July rose marginally over June, as a prolonged drought and higher import costs pushed key food prices up. Sri Lanka’s inflationary rate for July rose marginally over June, as a prolonged drought and higher import costs pushed key food prices up. The Central Bank said Friday that the trend deviated […]
Time Trap
The clock is ticking on a world trade negotiation deadline but the members of the World Trade Organisation are still at each other’s throats. The clock is ticking on a world trade negotiation deadline but the members of the World Trade Organisation are still at each other’s throats. On Thursday Australia, Brazil, the EU, India […]
Old Story
A recent study of Sri Lanka’s ageing population shows that the island is not prepared to look after its senior citizens.A recent study of Sri Lanka’s ageing population shows that the island is not prepared to look after its senior citizens. The UK based Overseas Development Institute (ODI) in a study earlier this year says […]
Early Bird
State run Bank of Ceylon is coming up with a 14+ savings account targeting the growing 14 to 18 year labour market and student population. State run Bank of Ceylon is coming up with a 14+ savings account targeting the growing 14 to 18 year labour market and student population. Kicking off in August, the […]
Indians, Chinese, Koreans and Japanese are falling over themselves to invest in Sri Lanka, claims a senior government minister
Indians, Chinese, Koreans and Japanese are falling over themselves to invest in Sri Lanka, claims a senior government minister. Indians, Chinese, Koreans and Japanese are falling over themselves to invest in Sri Lanka, claims a senior government minister. “India is very keen to come here in a big way. They have requested a special desk […]
Govt. says it is flexible to restart peace talks and ask LTTE to do the same.
Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker Norway’s warnings that the country could slip back to war.Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker […]
Hotting Up
Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said.Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said. “Prices will definitely go up by at least five percent in October. […]
Bad Call
Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs.2 billion in profits for the first half of 2004.Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs. 2 billion in profits for the first half of 2004. Sumathipala also expects a Rs. 4 billion […]
Changing Guard
First Capital Group’s Chief Executive Ajith Devasurendra quit on Thursday, sparking off speculations that Singer (Sri Lanka) may pick up his stake.First Capital Group’s Chief Executive Ajith Devasurendra quit on Thursday, sparking off speculations that Singer (Sri Lanka) may pick up his stake. After nearly 20 years of successful partnership, Devasurendra said he is selling […]
” series currency notes
The Central Bank is coming out with a fresh batch of new currency notes called “Sri Lanka Heritage Series.” The Central Bank is coming out with a fresh batch of new currency notes called “Sri Lanka Heritage Series.” The new series will cover all denominations – Rs. 1,000, Rs. 500, Rs. 50, Rs. 10 – […]
‘s and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency
Automated teller machines and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency.Automated teller machines and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency. Banks who […]