Tag: lankabusinessonline
Government-LTTE stuck on a venue
The Sri Lankan government’s spokesperson said on Thursday, that holding talks with the LTTE in a foreign country, was “not acceptable,” but that a new venue for talks will be decided after the President returns to the island.The Sri Lankan government’s spokesperson said on Thursday, that holding talks with the LTTE in a foreign country, […]
Subtle Pressure
Lanka IOC, a unit of Indian Oil Corp., has quietly slipped the brakes on its expansion drive, as the Sri Lankan government owes US$ 60 million todate by way of fuel subsidies, a top official said Thursday.Lanka IOC, a unit of Indian Oil Corp., has quietly slipped the brakes on its expansion drive, as the […]
Cost of living increasing but at slower pace
Cost of living in Sri Lanka still going up despite the contribution by the Yala harvest, says the Central Bank.Cost of living in Sri Lanka still going up despite the contribution by the Yala harvest, says the Central Bank. Prices dropped in August, compared to July, reflecting the historic seasonal pattern because of the influx […]
Rajapaksa only Sri Lankan candidate at Presidential polls
Sri Lanka’s ruling party says it is lining up political support behind Prime Minister Mahinda Rajapaksa, as the common national candidate for Presidential polls. Sri Lanka’s ruling party says it is lining up political support behind Prime Minister Mahinda Rajapaksa, as the common national candidate for Presidential polls. The Sri Lanka Freedom Party (SLFP), says […]
Burning Issues
Sri Lanka has sent out feelers to the Indian government for fresh round of supplier credit, as soaring world crude prices pushes fuel subsidy payments to US$ 200 million this year.Sri Lanka has sent out feelers to the Indian government for fresh round of supplier credit, as soaring world crude prices pushes fuel subsidy payments […]
Better Late
Agreement to commission Norochcholai coal power plant signed in China, on Tuesday.“Ceylon Electricity Board (CEB) Chairman Ranjit Fonseka and China National Machinery and Equipment Import and Export Corporation representative, Xia Biao signed the MoU,” said a statement from the President’s office on Tuesday. “Presidents Chandrika Kumaratunga and Hu Jintao witnessed the signing in Beijing,” said […]
Will Asia meet its MDGs?
World leaders will gather in New York in September to assess progress towards the Millennium Development Goals (MDGs) they set five years ago.When they look to Asia and the Pacific the picture will be mixed.World leaders will gather in New York in September to assess progress towards the Millennium Development Goals (MDGs) they set five […]
Kumaratunga: Sri Lanka’s daughter of destiny, mother of destruction
Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the very office which she fought to cling to after 11 turbulent years dominated by a tortuous peace process with Tamil Tiger rebels.Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the […]
‘s daughter of destiny, mother of destruction
Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the very office which she fought to cling to after 11 turbulent years dominated by a tortuous peace process with Tamil Tiger rebels.Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the […]
Sri Lanka president: Keeping a dynasty alive
A Supreme Court ruling Friday ended the President’s term a year earlier than she expected, but it may not be the end of her career or the demise of the political dynasty.A Supreme Court ruling Friday ended the President’s term a year earlier than she expected, but it may not be the end of her […]
Sri Lanka talking to world leaders about controlling the LTTE
The government of Sri Lanka said on Thursday, that it is talking to world leaders about the need for further international pressure on the LTTE, to stop more violence.The government of Sri Lanka said on Thursday, that it is talking to world leaders about the need for further international pressure on the LTTE, to stop […]
Temporary closure of petroleum refinery, chokes Sri Lanka’s import bill
A month long shut down of the petroleum refinery and the country’s never ending thirst for fuel, nearly tripled Sri Lanka’s oil import bill in June, the island’s Central Bank said Thursday.A month long shut down of the petroleum refinery and the country’s never ending thirst for fuel, nearly tripled Sri Lanka’s oil import bill […]