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Extra Time
Sri Lanka’s Supreme Court on Monday asked the elections chief to hold back on announcing the date of presidential polls pending a ruling on when the term of incumbent Chandrika Kumaratunga ends.Sri Lanka’s Supreme Court on Monday asked the elections chief to hold back on announcing the date of presidential polls pending a ruling on […]
Quick Chat
Telco giant Sri Lanka Telecom on Monday secured a licence to expand its network using low cost wireless technology.Telco giant Sri Lanka Telecom on Monday secured a licence to expand its network using low cost wireless technology. “We got our CDMA licence this afternoon and a formal announcement will come tomorrow,” a top SLT official […]
Caution Ahead
As oil threatens to hurtle past US$ 70 a barrel, state oil giant Ceypetco is urging the government to raise prices, with its oil bill likely to shoot past US$ 1.4 billion this year. As oil threatens to hurtle past US$ 70 a barrel, state oil giant Ceypetco is urging the government to raise prices, […]
Anura Bandaranaike takes over as Foreign Minister
Minister Anura Bandaranaike took over as Sri Lanka’s new Minister of Foreign Affairs on Monday, replacing assassinated predecessor Lakshman Kadirgamar. Minister Anura Bandaranaike took over as Sri Lanka’s new Minister of Foreign Affairs on Monday, replacing assassinated predecessor Lakshman Kadirgamar. Bandaranaike, who is also President Chandrika Kumaratunga’s brother, took oaths on Monday evening.He will continue […]
Budget: Big Plans
The government says its top priority will be to increase infrastructure investment as it stated the budget making process for next year.The government says its top priority will be to increase infrastructure investment as it stated the budget making process for next year. Years of underinvestment by successive governments especially in rural infrastructure have contributed […]
NGO Accounting
The Asian Tsunami tragedy has already attracted around US$ 9 billion in money and other aid to the region but experts say systems and internal controls to manage this outpouring is not up to mark.The Asian Tsunami tragedy has already attracted around US$ 9 billion in money and other aid to the region but experts […]
NSB Dip
National Savings Bank (NSB) says deposit growth has slowed despite its strong franchise as a credit rating agency warned of higher market risk because the bank has subscribed to more government rupee securities.National Savings Bank (NSB) says deposit growth has slowed despite its strong franchise as a credit rating agency warned of higher market risk […]
Heat Wave
SINGAPORE, Aug 21 (AFP) – Asia’s oil-guzzling economies are bracing themselves for the worst as crude prices threaten to hit 70 dollars a barrel, stoking fears of slower growth, soaring inflation and rising interest rates. SINGAPORE, Aug 21 (AFP) – Asia’s oil-guzzling economies are bracing themselves for the worst as crude prices threaten to hit […]
PERC Jerk
Petroleum retailer Lanka IOC is negotiating with the Public Enterprise Reform Commission (PERC) which is contesting the company’s claim to a petroleum subsidy based on an agreed formula. Petroleum retailer Lanka IOC is negotiating with the Public Enterprise Reform Commission (PERC) which is contesting the company’s claim to a petroleum subsidy based on an agreed […]
Sri Lanka keen for early truce talks with Tamil rebels: Norway
Sri Lanka’s government is keen to have early talks to salvage a truce with Tamil Tiger rebels after both sides agreed to a review of the ceasefire, peacebroker Norway said Saturday.Sri Lanka’s government is keen to have early talks to salvage a truce with Tamil Tiger rebels after both sides agreed to a review of […]
Norway clinches breakthrough in Sri Lanka peace bid, talks soon
Sri Lanka’s Tamil Tiger rebels Friday agreed to lift a 30-month deadlock in the Norwegian-brokered peace bid and open face-to-face talks with the Colombo government to salvage their troubled truce.Sri Lanka’s Tamil Tiger rebels Friday agreed to lift a 30-month deadlock in the Norwegian-brokered peace bid and open face-to-face talks with the Colombo government to […]
Tigers agree to review Sri Lanka truce, emergency extended
Sri Lanka’s Tamil Tiger rebels have agreed to meet with the government and review their truce which was threatened following the assassination of the foreign minister, the BBC reported. Sri Lanka’s Tamil Tiger rebels have agreed to meet with the government and review their truce which was threatened following the assassination of the foreign minister, […]