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Sri Lankan president vows aid deal with Tigers amid Clinton pressure
Sri Lankan President Chandrika Kumaratunga Sunday vowed to share foreign aid with Tamil rebels a day after former US president Bill Clinton urged local politicians to support the controversial move.Sri Lankan President Chandrika Kumaratunga Sunday vowed to share foreign aid with Tamil rebels a day after former US president Bill Clinton urged local politicians to […]
Sovereign Rating Soon
Government has appointed a steering committee in a renewed push to obtain a sovereign rating ahead of attempts to tap the international market for debt to lower the borrowing cost. Government has appointed a steering committee in a renewed push to obtain a sovereign rating ahead of attempts to tap the international market for debt […]
The Challenge
A think tank said implementation will be the main challenge for the government now that donors have pledged the full tsunami reconstruction requirement. A think tank said implementation will be the main challenge for the government now that donors have pledged the full tsunami reconstruction requirement. The Institute of Policy Studies says transparency and accountability […]
Booby Trapped?
Dozens of Sri Lankans go overseas to surgically enhance their looks according to a local conglomerate that introduced a brand of implants to the local market. Dozens of Sri Lankans go overseas to surgically enhance their looks according to a local conglomerate that introduced a brand of implants to the local market. But importers are […]
Be Prepared
Central Bank is pushing commercial banks to improve risk management and be ready to adopt stringent ‘BASEL II’ standards soon after they are implemented.Central Bank is pushing commercial banks to improve risk management and be ready to adopt stringent ‘BASEL II’ standards soon after they are implemented. The banks deputy governor Ranee Jayamaha told LBR […]
Guessing Game
The head of government’s Strategic Enterprises Management Authority (SEMA) says proposals to build two coal power plants would be accepted to overcome energy crisis as key unions opposed donor-backed reforms.The head of government’s Strategic Enterprises Management Authority (SEMA) says proposals to build two coal power plants would be accepted to overcome energy crisis as key […]
”s east
Suspected Tiger gunmen shot dead a police officer in Sri Lanka’s troubled east today, hours after former US president Bill Clinton visited the restive region, police said. Suspected Tiger gunmen shot dead a police officer in Sri Lanka’s troubled east today, hours after former US president Bill Clinton visited the restive region, police said. Inspector […]
Road Across
Japan on Friday gave close to US$ 10 million to Sri Lanka to construct a bridge across the Mahaweli River – a link on the A-11 road, which is a key access route to the east coast.Japan on Friday gave close to US$ 10 million to Sri Lanka to construct a bridge across the Mahaweli […]
Early Bird
Malaysia’s successful budget carrier AirAsia, is in early talks with Sri Lanka’s aviation authorities as it eyes Colombo for its next regional expansion.Malaysia’s successful budget carrier AirAsia, is in early talks with Sri Lanka’s aviation authorities as it eyes Colombo for its next regional expansion. “We are at very early stages. We have just started […]
Boarding Now
Sri Lanka’s aviation regulator is to pick two of nine contenders including Jetwing Travels, to fly alongside national carrier SriLankan Airlines on international routes.Sri Lanka’s aviation regulator is to pick two of nine contenders including Jetwing Travels, to fly alongside national carrier SriLankan Airlines on international routes. The country’s aviation apex body called for Expressions […]
Air Assets
European truce monitors in Sri Lanka have warned that the “air assets” of separatist Tamil Tiger rebels could re-ignite war on the island and destabilise security in South Asia.European truce monitors in Sri Lanka have warned that the “air assets” of separatist Tamil Tiger rebels could re-ignite war on the island and destabilise security in […]
Steering Off
Shippers and ship agents say a lack of commitment from consecutive governments is eroding Sri Lanka’s advantages in the maritime business. Shippers and ship agents say a lack of commitment from consecutive governments is eroding Sri Lanka’s advantages in the maritime business. A Ceylon Chamber of Commerce forum on port development and its impact on […]