Category: Other
Russians are paying more for a good cuppa,
Russians are paying more for a good cuppa, spending an average US$ 1.82 this year, up from US$ 1.69 in 2004. Asia Siyaka Commodity Brokers in its weekly tea report quoted head of the Rusteacoffee industry lobby Ramaz Chanturiya saying that tea consumption in Russia will remain stable in the foreseeable future, but the share […]
Butt end Budget
The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. Uncertainty as to what policies may be implemented or amended after […]
Clear Line
Fixed line giant Sri Lanka Telecom on Monday was granted special leave to appeal a Court of Appeal ruling against its last tariff revision. Fixed line giant Sri Lanka Telecom on Monday was granted special leave to appeal a Court of Appeal ruling against its last tariff revision. The Appeal Court in July ruled in […]
Lofty Goals
Some 3,000 odd working journalists in Sri Lanka are hoping for better pay and working conditions after several industry associations signed up to honour a new media charter on Thursday.Some 3,000 odd working journalists in Sri Lanka are hoping for better pay and working conditions after several industry associations signed up to honour a new […]
Deposit Slip
The District Courts on Wednesday turned down an interim order to clip business tycoon Harry Jayawardena’s shareholding in Commercial Bank. The District Courts on Wednesday turned down an interim order to clip business tycoon Harry Jayawardena’s shareholding in Commercial Bank. The interim order was sought by Unions representing Commercial Bank employees, who argue that Jayawardene […]
Cheque It Out
Sri Lankan politicians love to hold Singapore up as a role model for economic prosperity.But come Nov. 17, politicians will have something to crow about, when campaigning for this month’s presidential poll – though the subject matter is esoteric, like cheque truncation.Sri Lankan politicians love to hold Singapore up as a role model for economic […]
Millennium Growth
Millennium IT (MIT) that established a niche for it self in the area of capital market enabling software says they will offer a new product soon that will link revenues to transactions of their clients.Millennium IT (MIT) that established a niche for it self in the area of capital market enabling software says they will […]
PC Power
Information technology penetration is rather low in Sri Lanka despite most of the population being able to read and write. Information technology penetration is rather low in Sri Lanka despite most of the population being able to read and write. The Information Communications Technology Agency or ICTA is trying to change this by helping rural […]
Watch Out!
The European Union warned Sri Lanka that it will organise no more election monitoring missions to the troubled island unless Colombo implements recommendations to reduce fraud. The European Union warned Sri Lanka that it will organise no more election monitoring missions to the troubled island unless Colombo implements recommendations to reduce fraud. European Union mission […]
White Lies
Presidential race is now in full swing with both candidates releasing their manifestoes. Presidential race is now in full swing with both candidates releasing their manifestoes. Both leading candidates have pledged to achieve economic growth over seven percent but their populist policies may become a barrier in achieving that growth. Economic growth of 8 percent […]
Dirty Tricks
Reporters Without Borders (RSF) – an international organisation that promotes media freedom — voiced concern about last week’s arson attack on the independent Sunday Leader newspaper’s printing press in the run up to next month’s polls.Reporters Without Borders (RSF) – an international organisation that promotes media freedom — voiced concern about last week’s arson attack […]
Sleaze-o-Meter
Sleaze watchdog Transparency International says it is concerned about aid flows into Sri Lanka, with the country more corrupt than last year and little political effort to spruce up its act.Sleaze watchdog Transparency International says it is concerned about aid flows into Sri Lanka, with the country more corrupt than last year and little political […]