Category:
New Master
Sri Lanka’s treasury secretary on Thursday vowed to translate president Mahinda Rajapakse’s subsidy-laden manifesto into economic jargon, though analysts warn that it could undo fiscal discipline and scare off investors. Sri Lanka’s treasury secretary on Thursday vowed to translate president Mahinda Rajapakse’s subsidy-laden manifesto into economic jargon, though analysts warn that it could undo fiscal […]
Auction Block
The government is planning to sell more than a billion rupees worth of land via the Colombo Stock Exchange, the newly re-appointed Trade Minister Jeyeraj Fernandopulle said.The government is planning to sell more than a billion rupees worth of land via the Colombo Stock Exchange, the newly re-appointed Trade Minister Jeyeraj Fernandopulle said. The 226 […]
New Motherboard
Sri Lanka will bring in new laws next year to set up a new Reconstruction and Development Authority to speed up rebuilding efforts in tsunami-hit areas, officials said.Sri Lanka will bring in new laws next year to set up a new Reconstruction and Development Authority to speed up rebuilding efforts in tsunami-hit areas, officials said. […]
Bullish Sentiment
Dialog Telekom Ltd, Sri Lanka’s largest cellular operator said Thursday that its net profits for the third-quarter jumped 42 per cent as it aggressively expanded its subscriber base. Dialog Telekom Ltd, Sri Lanka’s largest cellular operator said Thursday that its net profits for the third-quarter jumped 42 per cent as it aggressively expanded its subscriber […]
Minister quits as Marxists, monks kept out of new Sri Lanka cabinet
Sri Lanka’s new president on Wednesday set up a 25-member cabinet which excluded hard-line allies from the Marxist and Buddhist monks, immediately sparking a resignation by a dissident minister. Sri Lanka’s new president on Wednesday set up a 25-member cabinet which excluded hard-line allies from the Marxist and Buddhist monks, immediately sparking a resignation by […]
UNP is claiming political victimisation of UNP supporters
Sri Lanka’s main political opposition, the UNP is claiming political victimisation of UNP supporters after Presidential elections.Sri Lanka’s main political opposition, the UNP is claiming political victimisation of UNP supporters after Presidential elections. The UNP told journalists on Thursday that hundreds of UNP supporters in state institutions – mainly the Ceylon Petroleum Corporation and the […]
Sri Lanka’s new government takes shape
Sri Lanka’s President Mahinda Rajapakse on Wednesday swore in a 25 member cabinet and named 23 others for non-cabinet ranks, officials said.Sri Lanka’s President Mahinda Rajapakse on Wednesday swore in a 25 member cabinet and named 23 others for non-cabinet ranks, officials said. Wednesday’s ceremony also saw the appointments of 29 deputy ministers. Rajapakse retained […]
Ready to Merge
Mercantile Leasing Limited’s shareholders will go into an emergency meeting next week to approve a deal to merge with group peer Nations Trust Bank.Mercantile Leasing Limited’s shareholders will go into an emergency meeting next week to approve a deal to merge with group peer Nations Trust Bank. The emergency meeting set for November 28, follows […]
SriLankan Airlines sells Sri Lanka to surfers
Japanese surfers, scuba divers and even mountaineers are finding a sporting paradise in Sri Lanka, traditionally a cultural hotspot among most Japanese. Japanese surfers, scuba divers and even mountaineers are finding a sporting paradise in Sri Lanka, traditionally a cultural hotspot among most Japanese. “We have been promoting Sri Lanka to different market segments as […]
Going Home
Sri Lanka’s tsunami orphans going to new homes but childcare authorities still can’t reconcile the numbers.Sri Lanka’s tsunami orphans going to new homes but childcare authorities still can’t reconcile the numbers. Thousands of Sri Lankan children were orphaned last year when the December 26, 2004 tsunami killed both parents or a single remaining parent. Now, […]
Night Shift
Sri Lanka Telecom, the island’s largest fixedline operator, said Wednesday its group net profits rose 91 percent to Rs. 2.5 billion, for the nine months to Sept. 30 2005, over the same period last year. Sri Lanka Telecom, the island’s largest fixedline operator, said Wednesday its group net profits rose 91 percent to Rs. 2.5 […]
Marxists, monks out of new Sri Lanka cabinet
Sri Lanka’s new president on Wednesday set up a 25-member cabinet which excluded hard-line allies from the Marxist and Buddhist monks’ parties in a move analysts said could trigger a snap poll.Sri Lanka’s new president on Wednesday set up a 25-member cabinet which excluded hard-line allies from the Marxist and Buddhist monks’ parties in a […]