Tag: business

Sri Lanka has tapped Norwegian government’s generosity for a US$ 1.13 mn grant to settle part of its debts owed to the World Bank. Sri Lanka has tapped Norwegian government’s generosity for a US$ 1.13 mn grant to settle part of its debts owed to the World Bank. The grant has been provided to a […]

Sri Lanka picked up US$ 80 mn from the Asian Development Bank (ADB) as part of a second tranche to develop rehabilitation needs of nearly two million people affected in the North and East.Sri Lanka picked up US$ 80 mn from the Asian Development Bank (ADB) as part of a second tranche to develop rehabilitation […]

Sri Lanka is counting on its migrant workers to remit extra funds for the festive season together with dollar inflows to ease its cash crunch this Christmas.Sri Lanka is counting on its migrant workers to remit extra funds for the festive season together with dollar inflows to ease its cash crunch this Christmas. The island […]

Sri Lanka was plunged Wednesday into a constitutional crisis over the jailing of a key opposition MP, prompting calls for parliament to assert its power over the judiciary.Sri Lanka was plunged Wednesday into a constitutional crisis over the jailing of a key opposition MP, prompting calls for parliament to assert its power over the judiciary. […]

Sri Lanka’s Supreme Court Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt, sparking angry protests in the national parliament Sri Lanka’s Supreme Court Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt, sparking angry protests in the national parliament Dissanayake, who is also a legislator from […]

The International Monetary Fund could resume discussions with the Sri Lankan government on stalled concessional loans soon, but the lender will want to see the government’s revised plan on reducing poverty first, a senior official said.The International Monetary Fund could resume discussions with the Sri Lankan government on stalled concessional loans soon, but the lender […]

Sri Lanka’s Supreme Court on Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt after he made a speech critical of judges.Sri Lanka’s Supreme Court on Tuesday jailed former agriculture minister and leading opposition figure S. B. Dissanayake for contempt after he made a speech critical of judges. Dissanayake, who is […]

The business community, worried about the fragile ceasefire agreement between the government and LTTE is keen to a resumption of direct peace talks.The business community, worried about the fragile ceasefire agreement between the government and LTTE is keen to a resumption of direct peace talks. Businessmen from South Africa were here last week to share […]

A top marketer says that professionals in the field should focus on a formal qualification to supplement their abilities as most marketing practitioners lack formal qualifications.A top marketer says that professionals in the field should focus on a formal qualification to supplement their abilities as most marketing practitioners lack formal qualifications. The Chairman of the […]

Norway is sending a top envoy for another attempt to save Sri Lanka’s faltering peace process amid fears that Tiger rebels may return to their protracted armed struggle, diplomats said Sunday.Norway is sending a top envoy for another attempt to save Sri Lanka’s faltering peace process amid fears that Tiger rebels may return to their […]

Sri Lanka’s Human Rights Commission said Monday the recent murder of a port worker who had won compensation for torture carried out by police could only harm public confidence in law enforcement.Sri Lanka’s Human Rights Commission said Monday the recent murder of a port worker who had won compensation for torture carried out by police […]

Sri Lanka Monday vowed to strengthen its security forces and meet “any threat” after rejecting Tamil Tiger demands to resume stalled peace negotiations.Sri Lanka Monday vowed to strengthen its security forces and meet “any threat” after rejecting Tamil Tiger demands to resume stalled peace negotiations. Minister of Public Security Ratnasiri Wickremanayake told parliament that the […]