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Tigers mute as Sri Lanka’s peace hopes dim
Sri Lanka’s Tamil Tigers remained mute on peace talks offered by the new president whom they had dubbed the “war candidate” while a pro-rebel newspaper said Sunday new talks were not on the cards.Sri Lanka’s Tamil Tigers remained mute on peace talks offered by the new president whom they had dubbed the “war candidate” while […]
Plantation workers are the poorest segment, despite steady flow of tea dollars
Plantation workers are the poorest segment in the country despite tea being an export crop and heavy private sector involvement in its trade. Government divested ownership in plantation companies in the early 1990’s which led to productivity gains and some improvement in living conditions of workers. But incidence of poverty in estates increased during the […]
Left Turn
Sri Lanka will start a march towards big government under a new left leaning president soon.Sri Lanka will start a march towards big government under a new left leaning president soon. More state jobs and higher investment to undercapitalised business ventures will add to fiscal pressure. Similar circumstances forced the government to print money last […]
Odd Lots
Odel, a leading up market retailer, says sales are lower this year compared to last year.Odel, a leading up market retailer, says sales are lower this year compared to last year. Retail sales are closely linked to inflation and shoppers perceptions about the way the economy is doing.Odel also depends on tourists for extra sales. […]
Trade chambers call for all parties to work together
Ceylon Chamber of Commerce says free and peaceful poll marred by voter intimidation in the north. Call for candidates to work together but opposition leader rules that out. Ceylon Chamber of Commerce says free and peaceful poll marred by voter intimidation in the north. Call for candidates to work together but opposition leader rules that […]
‘s peace hopes dim
Sri Lanka’s Tamil Tigers remained mute on peace talks offered by the new president whom they had dubbed the “war candidate” while a pro-rebel newspaper said Sunday new talks were not on the cards.Sri Lanka’s Tamil Tigers remained mute on peace talks offered by the new president whom they had dubbed the “war candidate” while […]
First Salvo
Shell Gas is to jack up rates of domestic gas by Rs.57.00 from Monday, on the heels of a court ruling last week that allows the company to peg rates to global prices.Shell Gas is to jack up rates of domestic gas by Rs. 57.00 from Monday, on the heels of a court ruling last […]
Sri Lanka’s ‘daughter of destiny’ brings down curtain on dynasty
Sri Lanka’s President Chandrika Kumaratunga has relinquished her office, ending 11 turbulent years in power and bringing down the curtain on the Bandaranaike dynasty.Sri Lanka’s President Chandrika Kumaratunga has relinquished her office, ending 11 turbulent years in power and bringing down the curtain on the Bandaranaike dynasty. She came to power in 1994 promising to […]
Sri Lanka’s new president move to roll back budget could scare off investor, undo fiscal discipline
The unprecedented move to roll back Sri Lanka’s budget for 2006 could scare off investors and undo fiscal discipline if new President Mahinda Rajapakse’s subsidy-laden manifesto is translated into action, analysts said.The unprecedented move to roll back Sri Lanka’s budget for 2006 could scare off investors and undo fiscal discipline if new President Mahinda Rajapakse’s […]
Jonny come lately or foot in the mouth disease
Former finance minister Sarath Amunugama arrived late for the inauguration of President Mahinda Rajapakse today, but quickly got into the swing of things by applauding when the new leader was outlining economic policy.Former finance minister Sarath Amunugama arrived late for the inauguration of President Mahinda Rajapakse today, but quickly got into the swing of things […]
”’ brings down curtain on dynasty
Sri Lanka’s President Chandrika Kumaratunga has relinquished her office, ending 11 turbulent years in power and bringing down the curtain on the Bandaranaike dynasty.Sri Lanka’s President Chandrika Kumaratunga has relinquished her office, ending 11 turbulent years in power and bringing down the curtain on the Bandaranaike dynasty. She came to power in 1994 promising to […]
‘s new president move to roll back budget could scare off investor, undo fiscal discipline
The unprecedented move to roll back Sri Lanka’s budget for 2006 could scare off investors and undo fiscal discipline if new President Mahinda Rajapakse’s subsidy-laden manifesto is translated into action, analysts said.The unprecedented move to roll back Sri Lanka’s budget for 2006 could scare off investors and undo fiscal discipline if new President Mahinda Rajapakse’s […]