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Some business leaders think its time to make a collective effort to drive the peace process forward
Some business leaders think its time to make a collective effort to drive the peace process forward.Some business leaders think its time to make a collective effort to drive the peace process forward. Recently a delegation of business leaders went to South Africa, to find out how the private sector there helped initiate peace in […]
The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon
The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon, based on the proposals submitted by the organization, but said it is prepared to discuss controversial issues.The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are […]
”, if peace talks are not resumed soon
The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon, based on the proposals submitted by the organization, but said it is prepared to discuss controversial issues.The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are […]
Compensation package for termination of employment coming in January
The Minister of Labour says a compensation package for terminated workers and an unemployment benefit scheme will be implemented in January 2005.The Minister of Labour says a compensation package for terminated workers and an unemployment benefit scheme will be implemented in January 2005. “We have decided on a new compensation formula.So it will come from […]
Sri Lanka bans tinted glasses on vehicles
Sri Lanka Thursday announced a ban on tinted glasses on vehicles and urged motorists to carry identity papers with them as the authorities moved to crack down on organised crime.Sri Lanka Thursday announced a ban on tinted glasses on vehicles and urged motorists to carry identity papers with them as the authorities moved to crack […]
Sri Lanka’s Tiger supremo turns 50 amid war and peace choice
Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns to war.Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns […]
Slight Hiccup
Commercial Bank of Ceylon reported a modest group profit growth after its bond trading unit took a hit following a rise in treasury yields. Commercial Bank of Ceylon reported a modest group profit growth after its bond trading unit took a hit following a rise in treasury yields. For the nine months ended Sept. 30 […]
PERC to invite bids for Hilton in January
Sri Lanka’s privatisation body Thursday said it will invite bids in January for the government’s majority stake in Hotel Developers Lanka Ltd. Sri Lanka’s privatisation body Thursday said it will invite bids in January for the government’s majority stake in Hotel Developers Lanka Ltd. “We are in the process of preparing the offer-for-sale document. We […]
Come On
Sri Lanka Thursday urged civil servants to work an extra hour saying it had the “dubious honour” of being the nation with the world’s highest number of public holidays. Sri Lanka Thursday urged civil servants to work an extra hour saying it had the “dubious honour” of being the nation with the world’s highest number […]
Deadly Bounce
A budget bombshell to part classify advertising and promotional expenses as taxable income has put the industry and its allied services in a spot, with advertisers also grumbling of a plethora of taxes.A budget bombshell to part classify advertising and promotional expenses as taxable income has put the industry and its allied services in a […]
Trade deficit for the nine months up US$ 631 million, to US$ 1.57 billion on an inflated fuel bill
New credit facilities from India and Iran to finance oil imports will help narrow a widening trade deficit, say the Central Bank.New credit facilities from India and Iran to finance oil imports will help narrow a widening trade deficit, say the Central Bank. Sri Lanka’s trade deficit for the nine months notched up US$ 631 […]
Sri Lanka keen to tighten purse strings further
When Sri Lanka faced a rapidly weakening currency and galloping inflation in early 2001, its central bank raised interest rates.When Sri Lanka faced a rapidly weakening currency and galloping inflation in early 2001, its central bank raised interest rates. But it found that a tighter policy didn’t yield results until interest rates hit 20%.Together with […]