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Sri Lanka budget burdens larger companies
Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the government’s pro-poor focus also means higher taxes which could hit corporate profitability, analysts and investors said.Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the […]
Coin Collection
Sri Lanka’s Central Bank says it will save over Rs.600 million in minting costs as it gives a face lift to the island’s coin collection. Sri Lanka’s Central Bank says it will save over Rs. 600 million in minting costs as it gives a face lift to the island’s coin collection. Wednesday, Colombo : A […]
Trunk Call
Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call centre business in the Asian region, a joint communiqué said Wednesday. Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call […]
Sri Lankan chopper attacked
A Sri Lankan airforce helicopter came under attack Wednesday while on its way to the island’s restive eastern coast to pick up foreign diplomats, a military official said.A Sri Lankan airforce helicopter came under attack Wednesday while on its way to the island’s restive eastern coast to pick up foreign diplomats, a military official said. […]
Short Flight
Three local airlines are on a six-month test run to India for a licence to fly international, but sentiments are mixed, with some fearing a crowded airspace.Three local airlines are on a six-month test run to India for a licence to fly international, but sentiments are mixed, with some fearing a crowded airspace. Last week, […]
Co-op Capital
Sri Lanka’s Cooperative Leasing took its first tentative steps into the capital markets on Tuesday by pledging its tiny portfolio to raise cash for future funding needs.Sri Lanka’s Cooperative Leasing took its first tentative steps into the capital markets on Tuesday by pledging its tiny portfolio to raise cash for future funding needs. The two-year […]
Low expectations at world trade talks
Trade ministers from 149 countries sat down for global trade talks today, in Hong Kong, flanked by anti-globalisation protests outside.Trade ministers from 149 countries sat down for global trade talks today, in Hong Kong, flanked by anti-globalisation protests outside. Hong Kong is playing host to the sixth Ministerial Meeting of the World Trade Organisation (WTO) […]
New Track
A solution to Colombo’s commuter traffic could have to wait till mid 2006, when a Japan funded urban transport master plan is completed.A solution to Colombo’s commuter traffic could have to wait till mid 2006, when a Japan funded urban transport master plan is completed. The newly minted New Railroad Development Ministry has been charged […]
Watch Out!
As banks embrace sophisticated financial products, making their risk profile more complex, those specialising in custodian and asset management, are most vulnerable to future operational risks, a top Central Bank official said Monday.As banks embrace sophisticated financial products, making their risk profile more complex, those specialising in custodian and asset management, are most vulnerable to […]
Rs. 2.3 bn Swedish grant for
The Swedish Govt. extended a 2003 development cooperation agreement with Sri Lanka, making a fresh grant of Rs. 2.3 bn available over 2006 and 2007.The Swedish Govt. extended a 2003 development cooperation agreement with Sri Lanka, making a fresh grant of Rs. 2.3 bn available over 2006 and 2007. The funding will fund peace initiatives, […]
Trade assistance to poorer countries increasing; WTO, OECD
Trade assistance to poorer countries from rich countries have increased over last four years, says WTO and OECD.Trade assistance to poorer countries from rich countries have increased over last four years, says WTO and OECD. Trade aid – technical assistance and capacity building to help poorer countries take part in international trade – went up […]
More blasts in Sri Lanka amid fresh peace moves
A powerful mine exploded just missing a police patrol on Monday after Japan offered to host talks between Sri Lanka and Tamil Tiger rebels to save their tottering truce, officials said.A powerful mine exploded just missing a police patrol on Monday after Japan offered to host talks between Sri Lanka and Tamil Tiger rebels to […]