Category:
Soothing Oil
India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months.India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months. Indian state […]
Sri Lanka president to visit India
Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office in New Delhi in May. Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office […]
Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file
Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file.Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file. The Ceylon Chamber of […]
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 […]
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 […]
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 […]
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. […]
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, […]
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 […]
Angry Muslims quit peace panel and declare ‘war’ 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 […]
Divine Intervention
People’s Bank is anticipating a Rs. 8.5 billion cash injection from the State to shore up its capital account by mid next year. People’s Bank is anticipating a Rs. 8.5 billion cash injection from the State to shore up its capital account by mid next year. "We submitted our proposals to SEMA. We are hopeful […]
By the Way
The Road Development Authority (RDA) is mooting ambitious plans to setup wayside resting parks – reminiscent of the old ambalama concept – without the grazing ground for cattle, but with accident free parking facilities for vehicles.The Road Development Authority (RDA) is mooting ambitious plans to setup wayside resting parks – reminiscent of the old ambalama […]