Category: Other
‘s Through
Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels.Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels. The assembly voted 124 for and 21 against extending the […]
Dim View
Sri Lanka’s Supreme Court blocking a land-mark aid sharing deal among the island’s warring parties is seen by diplomats and analysts as the worst setback for the already faltering peace process. Sri Lanka’s Supreme Court blocking a land-mark aid sharing deal among the island’s warring parties is seen by diplomats and analysts as the worst […]
Change or Perish
Is Apple’s cool ipod, which has been sold by the hundreds of thousands and created a new business line for company doomed?Is Apple’s cool ipod, which has been sold by the hundreds of thousands and created a new business line for company doomed? Will digital cameras and PDA’s follow the ipod to nothingness? If worldwide […]
Hullo, Hullo
After decades of waiting, telephones have finally begun ringing in villages and rural areas across Sri Lanka.After decades of waiting, telephones have finally begun ringing in villages and rural areas across Sri Lanka. Not mobiles, nor standard landlines, but a clever combination of the two that is quickly making telephony accessible to all. “We have […]
Tea Auction Update: CTC tea prices pick up
CTC tea prices are picking up again after a four month lull, with winter buying nearing and quality levels improving. Sri Lanka’s long April and May holiday season is blamed, which annually contributes to a quality drop and a subsequent backlog of made teas.CTC tea prices were at Rs. 154 at this week’s auction, down […]
Who Cares?
Central Bank on right track; Treasury caught lying! Those of you regular readers might recall my congratulatory message to the Central Bank a couple of months back for standing their ground and tightening monetary policy at long last. Central Bank on right track; Treasury caught lying! Those of you regular readers might recall my congratulatory […]
Re-routed
Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff is interpreted.Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff […]
Rinse Cycle
Sri Lanka’s cabinet has approved a proposal to enact laws to nab money launderers and expose irregular financial transactions, officials said Friday.Sri Lanka’s cabinet has approved a proposal to enact laws to nab money launderers and expose irregular financial transactions, officials said Friday. The Prevention of Money Laundering Bill and Financial Transactions Reporting Bill, will […]
Leave to Appeal
Sri Lanka Telecom on Wednesday said that it will seek special leave to appeal Monday’s Court of Appeal ruling against its 2003 tariff hike.Sri Lanka Telecom on Wednesday said that it will seek special leave to appeal Monday’s Court of Appeal ruling against its 2003 tariff hike. The statement said “The Sri Lanka Telecom Limited […]
Call Back
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 […]
The ‘Red’ Tape
A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A dredger that […]
Coming Together
Two years after the process started, NDB and its commercial banking arm NDB Bank announced the companies will merge next month, after parliament amended the NDB Act.Two years after the process started, NDB and its commercial banking arm NDB Bank announced the companies will merge next month, after parliament amended the NDB Act. The NDB […]