Category:
Fringe Benefits
Sri Lanka’s Foreign Employment Bureau say its will set up a migrant pension scheme by April 2006. Sri Lanka’s Foreign Employment Bureau say its will set up a migrant pension scheme by April 2006. “The migrant pension scheme will be finalised in three months time,” said Chairman, Foreign Employment Bureau, Jagath Wellawatta in an interview […]
Going Soft
Fixed-line giant Sri Lanka Telecom (SLT) is tipped to shift part of this year’s Rs.7 billion capital spending budget to upgrade its international gateway, senior SLT officials said.. Fixed-line giant Sri Lanka Telecom (SLT) is tipped to shift part of this year’s Rs. 7 billion capital spending budget to upgrade its international gateway, senior SLT […]
‘s Tigers
The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly.The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly. US ambassador to Sri Lanka, Jeffrey Lunstead, told a meeting of businessmen here that Washington wanted the rebel […]
Sri Lankan president seeks consensus on talks with Tigers
Sri Lanka’s president has made a fresh attempt to reach agreement among political parties before any talks with Tamil Tiger rebels to stem the latest wave of bloodshed, his office said Tuesday.Sri Lanka’s president has made a fresh attempt to reach agreement among political parties before any talks with Tamil Tiger rebels to stem the […]
Quick Solutions
Chennai, Jan 8 (PTI) Tamil Nadu Chief Minister Jayalalithaa today demanded taking of Kachatheevu island in the gulf of Mannar on perpetual lease to put an end to the problem of Sri Lankan Navy attacking Indian fishermen.Chennai, Jan 8 (PTI) Tamil Nadu Chief Minister Jayalalithaa today demanded taking of Kachatheevu island in the gulf of […]
Easy Load
Telecom operator Suntel, has launched a broadband internet card aimed at laptop users who opt for high bandwidth connectivity, the firm said Monday. Telecom operator Suntel, has launched a broadband internet card aimed at laptop users who opt for high bandwidth connectivity, the firm said Monday. The private wireless local loop operator is using CDMA […]
Sri Lanka vows tough line on terror as violence rises
Sri Lanka’s president Monday vowed tough measures to prevent “terror attacks” that undermine an already troubled ceasefire with Tamil Tiger rebels as officials reported three more deaths in the embattled east.Sri Lanka’s president Monday vowed tough measures to prevent “terror attacks” that undermine an already troubled ceasefire with Tamil Tiger rebels as officials reported three […]
Sri Lanka’s Central Bank Governor denies resignation rumours
Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. The report claimed that Governor Sunil Mendis, who is […]
A Shot in the Arm
People’s Bank got Rs. 2 billion cash injection from the government last week.People’s Bank got Rs. 2 billion cash injection from the government last week. It was the start of the bank’s third recapitalization exercise and the first time it had a cash injection. On previous two occasions the government put non-tradable bonds to strengthen […]
Falling Short
Revenue projections for last year will be missed although total government revenue is 19 percent higher in the first 11 months of the last year.Revenue projections for last year will be missed although total government revenue is 19 percent higher in the first 11 months of the last year. However, cashflow difficulties were forcing the […]
Sinking
Ceylon Electricity Board (CEB) wants government to support consumer subsidies as part of a plan to stop losing large sums of money every day.Ceylon Electricity Board (CEB) wants government to support consumer subsidies as part of a plan to stop losing large sums of money every day. Monopoly electricity supplier the CEB is selling power […]