Category:
The Bridge
A major cause for poverty in Sri Lanka is the lack of infrastructure.The cost of short term relief, offered by politicians here, has been a long term vision essential for infrastructure development to take place. A major cause for poverty in Sri Lanka is the lack of infrastructure. The cost of short term relief, offered […]
Free Wire
A consultation paper proposing a frequency reallocation model is unlikely to go through smoothly, with the wireless local-loop (WLL) operators Suntel and Lanka Bell calling it uncompetitive.A consultation paper proposing a frequency reallocation model is unlikely to go through smoothly, with the wireless local-loop (WLL) operators Suntel and Lanka Bell calling it uncompetitive. The Telecommunications […]
Treasury Secretary says the government and the Central Bank have lost their independence in setting fiscal and monetary policies
The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week.The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week. The falling government revenue has meant that increasing […]
Government hopes to spend Rs. 438 bn next year
Government expenditure is estimated to go up to Rs.438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr.Sarath Amunugama told parliament.Government expenditure is estimated to go up to Rs. 438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr. Sarath Amunugama told parliament. Presenting government finances for next year […]
Royal Ceramics shareholders approve share split
Royal Ceramics (RCL) share will be suspended for trading over three day to allow the company to push through a share capital restructuring proposal.Royal Ceramics (RCL) share will be suspended for trading over three day to allow the company to push through a share capital restructuring proposal. Shareholders on Tuesday approved the proposal to subdivide […]
EU Flight
Sri Lanka has agreed to tweak terms of its bilateral Air Service Agreement with France, to allow other EU carriers from its ‘common market’ to fly in here.Sri Lanka has agreed to tweak terms of its bilateral Air Service Agreement with France, to allow other EU carriers from its ‘common market’ to fly in here. […]
Media Attack
Sri Lanka’s opposition United National Party condemned the grenade attack on the independent Swarnavahini television station, and called for an inquiry to find the culprits. Sri Lanka’s opposition United National Party condemned the grenade attack on the independent Swarnavahini television station, and called for an inquiry to find the culprits. “We strongly condemn the attack […]
Village Hand
Condemning the way traditional subsidies are doled out to the poor, the Freedom Alliance Government is gearing to launch a fresh poverty reduction programme later this week.Condemning the way traditional subsidies are doled out to the poor, the Freedom Alliance Government is gearing to launch a fresh poverty reduction programme later this week. Samurdhi and […]
On the Roll
Treasury bond auctions on Thursday for three and four year bonds bring in over Rs 4 bn each. Treasury bond auctions on Thursday for three and four year bonds bring in over Rs 4 bn each. At the Treasury bond auctions held on Thursday bonds maturing in 2007 and 2008 were offered to the market. […]
Breathing Space
Pramuka Bank got a short breathing space on Friday when the Appeal Court issued a stay order against the decision to liquidate the bank.Pramuka Bank got a short breathing space on Friday when the Appeal Court issued a stay order against the decision to liquidate the bank. The next Court hearing is set for November. […]
Import tax on cars, vans and dump trucks up from Friday
Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Excise duty on cars went up from 25 percent up to […]
Government baffled by the LTTE’s lack of interest in peace talks
The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of interest from the LTTE.The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of […]