Category:
Pay Later
Sri Lanka plans to spend more and borrow further next year as expenses for defence and fuel related subsidies escalate.Sri Lanka plans to spend more and borrow further next year as expenses for defence and fuel related subsidies escalate. Total state spending will rise 30 percent to Rs.568.3 billion (US$ 5.6 billion) in 2006 from […]
Minimum Pay
Sri Lanka has imposed a minimum US$ 150 wage per month for foreign employment, with effect from October 01.Sri Lanka has imposed a minimum US$ 150 wage per month for foreign employment, with effect from October 01. The legislated increase missed two earlier deadlines in January and June 2005 on lobbying from recruitment agencies. The […]
Dialog Telekom unlocks dollars to expand network
Triple A rated Dialog Telekom plans to drawdown part of its dollar credit facilities to rollout a Rs.25 billion expansion plan over the next two-years.Triple A rated Dialog Telekom plans to drawdown part of its dollar credit facilities to rollout a Rs. 25 billion expansion plan over the next two-years. Sri Lanka’s largest mobile phone […]
Bomb Hoax
A bomb scare forced a London-bound Sri Lankan Airlines plane to return to the island’s only international airport here 40 minutes after take off Monday, an official said. A bomb scare forced a London-bound Sri Lankan Airlines plane to return to the island’s only international airport here 40 minutes after take off Monday, an official […]
Falling Flight
Fuel surcharges by airlines may finally be putting a drag on demand, as passenger numbers and cargo volumes slow in August on the back of high oil prices.Fuel surcharges by airlines may finally be putting a drag on demand, as passenger numbers and cargo volumes slow in August on the back of high oil prices. […]
Over 1 million registered voters can’t vote because they work abroad
Over one and a half million registered voters of Sri Lanka can’t vote at Sri Lankan elections because they are working abroad.Over one and a half million registered voters of Sri Lanka can’t vote at Sri Lankan elections because they are working abroad. Nearly 12 percent of Sri Lanka’s registered voter base of 13 million […]
Missed Again
Sri Lanka has completely missed out on Foreign Direct Investment flows to emerging markets last year.Sri Lanka has completely missed out on Foreign Direct Investment flows to emerging markets last year. FDI to emerging markets dominated by Chain and India grew 40 percent but flows to Sri Lanka have been hovering around the US$ 200 […]
You Give We Spend
Sri Lanka’s top Treasury official says the country will not accept debt relief next year, unless it is given without strings.Sri Lanka’s top Treasury official says the country will not accept debt relief next year, unless it is given without strings. Treasury Secretary Dr. P B Jayasundera who asked top lenders to extend debt relief […]
Sri Lankan tourism dented by image put out from aid agencies
Efforts by relief agencies to raise funds to help rebuild Sri Lanka’s tsunami-battered coastlines by projecting images of massive destruction have backfired on the island’s tourism industry. Efforts by relief agencies to raise funds to help rebuild Sri Lanka’s tsunami-battered coastlines by projecting images of massive destruction have backfired on the island’s tourism industry. Tourists […]
Naked Truth
Sri Lanka’s securities regulator is in the spotlight for excessively compounding too many cases without allowing the judicial system to voice its opinion. Sri Lanka’s securities regulator is in the spotlight for excessively compounding too many cases without allowing the judicial system to voice its opinion. Compounding, is something like seeking a plea bargain, where […]
Be Prepared
Now that elections are around the corner businesses usually take a back seat as politicians take over. Now that elections are around the corner businesses usually take a back seat as politicians take over. However, tired by the cyclical pork barrel politics in Sri Lanka a local brewery has decided to spend its own money […]
Et Tu Brute?
United National Party (UNP) said last week they would recommence work to build a thermal power station at Kerewelapitiya abandoning the west coast coal power plant option.United National Party (UNP) said last week they would recommence work to build a thermal power station at Kerewelapitiya abandoning the west coast coal power plant option. Government, that […]