Tag: lbo
SLT share perk up on Dialog’s IPO pricing
Sri Lanka Telecom shares rose Friday, on investor perceptions that the stock is undervalued compared to the upcoming Dialog Telecom issue, traders said.Sri Lanka Telecom shares rose Friday, on investor perceptions that the stock is undervalued compared to the upcoming Dialog Telecom issue, traders said. More than 2 million SLT shares changed hands Friday with […]
Split in Lankan coalition government – Government Propaganda
Colombo – Thursday: JVP General Secretary Tilvin Silva says the President carried out a propaganda campaign using the governments official seal. Silva seen here holding up a document the JVP claims was circulated in public, promoting the joint mechanism over which it quit the coalition government from midnight Wednesday. The party on Thursday sent an […]
Split in Lankan coalition government – Government Propaganda 2
Colombo – Thursday: JVP General Secretary Tilvin Silva says the President carried out a propaganda campaign using the governments official seal. Silva seen here holding up a document the JVP claims was circulated in public, promoting the joint mechanism over which it quit the coalition government from midnight Wednesday. The party on Thursday sent an […]
‘s rebuilding targets are optimistic
Top British officials say Sri Lanka’s reconstruction targets are optimistic at best, and urges setting up a controversial joint mechanism to share aid in rebel held areas of the North.Top British officials say Sri Lanka’s reconstruction targets are optimistic at best, and urges setting up a controversial joint mechanism to share aid in rebel held […]
Marxists Quit
COLOMBO (AFP) – The main Marxist coalition partner quit Sri Lanka’s government in protest against President Chandrika Kumaratunga’s plans to share tsunami aid with Tamil Tiger rebels, a party spokesman said.COLOMBO (AFP) – The main Marxist coalition partner quit Sri Lanka’s government in protest against President Chandrika Kumaratunga’s plans to share tsunami aid with Tamil […]
Top British official says Sri Lanka’s rebuilding targets are optimistic
Top British officials say Sri Lanka’s reconstruction targets are optimistic at best, and urges setting up a controversial joint mechanism to share aid in rebel held areas of the North.Top British officials say Sri Lanka’s reconstruction targets are optimistic at best, and urges setting up a controversial joint mechanism to share aid in rebel held […]
JVP says it will raise a fresh alliance
Colombo – Tuesday: The Alliance government’s key coalition partner the JVP on Tuesday said it would raise a fresh alliance to defeat President Chandrika Kumaratunga and the opposition United National Party if it broke away from the government on Wednesday. The JVP has given the President an Wednesday midnight ultimatum to withdraw a proposal to […]
Colombo’s street hawkers finding business in the busiest places
Colombo – Tuesday: This street hawker selling pineapples and many other like her mingle among JVP supporters gathered at the Lipton Circus on Tuesday protesting the proposed tsunami aid sharing proposal. The vendors who make an average Rs.500 a day say festivals, carnivals and protests are best for business, with sales more than doubling from […]
UNP to help minority government remain in power
The United National Party(UNP) says it will help Sri Lanka’s minority government, headed by President Chandrika Kumaratunga, to remain in power though the party has intensified calls for presidential elections by the end of the year.The United National Party(UNP) says it will help Sri Lanka’s minority government, headed by President Chandrika Kumaratunga, to remain in […]
Split in Lankan coalition government
Colombo – Thursday: JVP leader Somawansa Amarasinghe confirming that the party had quit the coalition government over the tsunami aid sharing proposal. The Alliance government’s key coalition partner says its will sit in the opposition as an independent party. The Marxist JVP quit the coalition government effective from midnight Wednesday as an ultimatum to the […]
JVP on recruitment drive to form a new Sandhanaya
Colombo – Thursday: JVP leader Somawansa Amarasinghe confirming that the party had quit the coalition government over the tsunami aid sharing proposal. The Alliance government’s key coalition partner says its will sit in the opposition as an independent party. The Marxist JVP quit the coalition government effective from midnight Wednesday as an ultimatum to the […]
Better Late?
The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August.The Ceylon Electricity Board (CEB) is trying to increase its fixed electricity charges by August. “It is imperative that we increase prices or we will incur large losses.There is no alternative but to pass this on to consumers,” CEB General Manager, […]