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” on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
Speed Cheques
Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque truncation. Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque […]
Banking Miracle
Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Pan Asia now called PABC […]
Hilton Hotel sale may take time
The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, an official at the government’s privatization body said Friday. The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, […]
High Time
A top bureaucrat said the utilities regulator already set up will be made fully operational next year. A top bureaucrat said the utilities regulator already set up will be made fully operational next year. Mano Tittawella, the Chairman of Strategic Enterprises Management Agency (SEMA), told businessmen that the multi sector regulator, Public Utilities Commission of […]
Powerful Undercurrents
The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices in the country. The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices […]
Govt. scrambles to sign up aid commitments as deadlock over peace talks drags on
The government is hoping to sign up a record amount of aid this year, most of it from money pledged at the Tokyo donor conference in 2002.The government is hoping to sign up a record amount of aid this year, most of it from money pledged at the Tokyo donor conference in 2002. However, agreements […]
Relatives, Muslims appeal for release of Sri Lankan hostage in Iraq
Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been forced to work there by his Kuwaiti employer.Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been […]
Hospitality industry injects US$ 150 mn to spruce up properties and re-open unused rooms, as Sri Lanka rolls out the carpet to greet 570,000 tourists
Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to greet a record 570,000 visitors this season, following 2½ years of ceasefire.Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to […]
Canadian mission to reopen amid protests over disrobing monks
Canada’s mission in Sri Lanka is to re-open, a week after an anthrax scare sparked a diplomatic crisis which deepened Friday after Buddhist monks described how they were forced to strip.Canada’s mission in Sri Lanka is to re-open, a week after an anthrax scare sparked a diplomatic crisis which deepened Friday after Buddhist monks described […]
Hemas profits pick up amidst inflationary pressures for its key personal and healthcare units
Healthy returns from the personal and healthcare units boosted Hemas Holdings net profits up eight percent to Rs. 149 mn during the second quarter ending 2005. The family controlled group made a Rs. 258 mn net profit (up one percent) for the six months ending Sept. 30, while turnover jumped 25 percent to Rs. 3.8 […]
A flock of avid bird lovers map Sri Lanka’s rich feathered life.
A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life.A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life. […]