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The Appeal Court on Monday quashed Sri Lanka Telecom’s 2003 tariff increase, which raised monthly rentals to Rs.500. The Appeal Court on Monday quashed Sri Lanka Telecom’s 2003 tariff increase, which raised monthly rentals to Rs. 500. The ruling requires SLT to revert back to pre-2003 tariffs and refund the difference in its customers bills […]

Off The Table

Sri Lanka plans to draw up laws to prevent key state-run companies from being privatised, Finance Minister Sarath Amunugama said Friday.Sri Lanka plans to draw up laws to prevent key state-run companies from being privatised, Finance Minister Sarath Amunugama said Friday. Top on the list is loss making government utilities, Ceylon Electricity Board and Ceylon […]

Criminal Paradise

Delaying the Constitutional Council is paralysing law enforcement and turning Sri Lanka into a criminal paradise, says National Police Commission (NPC). Delaying the Constitutional Council is paralysing law enforcement and turning Sri Lanka into a criminal paradise, says National Police Commission (NPC). The Constitutional Council, mandated under the 17 amendment to Sri Lanka’s Constitution, expired […]

Jail Birds

Five men were Monday sentenced to hang for killing a Sri Lankan judge who had handed down heavy sentences on gangsters.Five men were Monday sentenced to hang for killing a Sri Lankan judge who had handed down heavy sentences on gangsters. The murder of Judge Sarath Ambepitiya, who was gunned down at his Colombo home […]

Different Tune

For the first time in Sri Lanka, two cases of mass scale copyright violations had the book thrown at them this week.For the first time in Sri Lanka, two cases of mass scale copyright violations had the book thrown at them this week. On Wednesday, the Fort magistrate hit two large pirate outlets with fines […]

Limited Edition

Sri Lanka raised the capital requirement for money changers by 900 percent and paved the way for dealers to open branches, the Central Bank said Friday.Sri Lanka raised the capital requirement for money changers by 900 percent and paved the way for dealers to open branches, the Central Bank said Friday. Starting July 1, the […]

Big CRIB

Sri Lanka’s Credit Information Bureau (CRIB) is to expand its services to include factoring, non-bank and non-financial providers of credit, officials said Wednesday.Sri Lanka’s Credit Information Bureau (CRIB) is to expand its services to include factoring, non-bank and non-financial providers of credit, officials said Wednesday. Presently, CRIB maintains credit records for banks and finance companies, […]

Sitting Protest

Sittings in Sri Lanka’s parliament was suspended after members of a the Marxist Janatha Vimukthi Peramuna held a noisy, black flag protest against a controversial aid share deal with the militant Tamil Tigers.Sittings in Sri Lanka’s parliament was suspended after members of a the Marxist Janatha Vimukthi Peramuna held a noisy, black flag protest against […]

Scam Jam

Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon.Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon. […]

Illegal Quest

GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday.GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the […]

Borrowing Time

Sri Lanka Telecom and the industry watchdog will make further submissions in the District Courts in mid-June to defend the incumbent fixed line operator’s last tariff hike.Sri Lanka Telecom and the industry watchdog will make further submissions in the District Courts in mid-June to defend the incumbent fixed line operator’s last tariff hike. The Court […]

Change of Mind

The Sri Lankan government now says it will consider alternatives to the no-building-zone regulation in areas of land shortage.The Sri Lankan government now says it will consider alternatives to the no-building-zone regulation in areas of land shortage. “Our position is very clear. The buffer zone applies but we acknowledge that there are difficulties (of relocating […]

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