Category:
Standing Tall
Increasing land prices and demand for houses are pushing developers to launch taller building projects and even larger suburban housing projects. Increasing land prices and demand for houses are pushing developers to launch taller building projects and even larger suburban housing projects. Sri Lankans living abroad and falling interest rates have helped drive property prices […]
Top international credit rating agencies fly in to rate Sri Lanka
Top international credit rating agencies fly into Sri Lanka, as the country pushes ahead to secure a sovereign rating before end November, officials said Friday. Top international credit rating agencies fly into Sri Lanka, as the country pushes ahead to secure a sovereign rating before end November, officials said Friday. Officials from Fitch Inc of […]
That’s Ok
Mercantile Leasing Limited on Friday said its Board had approved a deal to merger with Nations Trust Bank.Mercantile Leasing Limited on Friday said its Board had approved a deal to merger with Nations Trust Bank. News of the merger pushed Mercantile Leasing shares up Rs.2.25 to Rs. 62.25 towards the close of trade. Shares in […]
Norway to send envoy to Sri Lanka truce talks
Peace broker Norway said it would send a special envoy to Sri Lanka to help save a troubled ceasefire after admitting it had failed to secure agreement about a venue for planned talks.Peace broker Norway said it would send a special envoy to Sri Lanka to help save a troubled ceasefire after admitting it had […]
Bill Me Later
The Sri Lankan government is trying to partly offset monies due to Indian Oil Corp’s local unit by offering assets, treasury bonds and cash, as fuel subsidy payments threaten to snowball to US$ 140 million by year end, officials said Friday.The Sri Lankan government is trying to partly offset monies due to Indian Oil Corp’s […]
Another registration system for tsunami victims
The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better.The Sri Lankan government is to set up another registration system for tsunami victims at the cost of US$ 1.2 million, to track aid delivery better. The computerised centres will […]
The ADB’s growth projection for Sri Lanka for 2005 edged down marginally
The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report.The Asian Development Bank’s growth projection for Sri Lanka for 2005 edged down marginally to 5.1 percent from the 5.2 percent forecasted in its April Development Outlook Report. […]
Flight Aborted – Update
A woman was killed and 62 passengers injured in a stampede Thursday after a bomb scare aboard a Saudi jumbo jet which was about to take off from Sri Lanka’s only international airport, officials said. A woman was killed and 62 passengers injured in a stampede Thursday after a bomb scare aboard a Saudi jumbo […]
Flight Aborted
A woman was killed and 62 passengers were wounded in a stampede Thursday following a bomb hoax aboard a Saudi Arabian Airlines jumbo jet which was about to take off from Sri Lanka’s Colombo airport, officials said. A woman was killed and 62 passengers were wounded in a stampede Thursday following a bomb hoax aboard […]
Virus Travels
Health experts call for vigilance against re-emergence of polio in Sri Lanka, in the face of increasing regional tourism traffic.Health experts call for vigilance against re-emergence of polio in Sri Lanka, in the face of increasing regional tourism traffic. The World Health Organisation (WHO) said on Thursday, that Sri Lanka should be vigilant against an […]
Sri Lanka PM agrees to scrap plans to share power with Tigers
Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main Marxist party under which he agreed to drop plans to share power with Tiger rebels, but said he hoped the move would not lead to a resumption of war. Sri Lankan Prime Minister Mahinda Rajapakse Thursday signed a deal with the main […]
Tigers reject truce talks at Sri Lanka airport
Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s only international airport Sri Lanka’s Tamil Tiger guerrillas have rejected peace broker Norway’s call to hold talks on salvaging their fragile truce with the Colombo government at the island’s […]