Tag: lbo
Soothing Oil
India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months.India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months. Indian state […]
A 38 percent higher fuel bill is burning a hole in the island’s balance of trade
A 38 percent higher fuel bill is burning a hole in the island’s pocket, driving up its trade deficit to US$ 1.46 billion by August, up US$ 586 million from a year ago.The Central Bank on Tuesday said Sri Lanka’s import bill grew 20 percent to US$ 5.05 billion up from US$ 4.22 billion the […]
The international donor community could cut the strings attached to US$ 4.5 bn in aid
The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight.The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight. Japanese Peace Envoy Yasushi Akashi Tuesday, […]
Strike Out
The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects.The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects. […]
Angry Muslims quit peace panel and declare ‘war’ on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
” on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
Powerful Undercurrents
The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices in the country. The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices […]
Govt. scrambles to sign up aid commitments as deadlock over peace talks drags on
The government is hoping to sign up a record amount of aid this year, most of it from money pledged at the Tokyo donor conference in 2002.The government is hoping to sign up a record amount of aid this year, most of it from money pledged at the Tokyo donor conference in 2002. However, agreements […]
High Time
A top bureaucrat said the utilities regulator already set up will be made fully operational next year. A top bureaucrat said the utilities regulator already set up will be made fully operational next year. Mano Tittawella, the Chairman of Strategic Enterprises Management Agency (SEMA), told businessmen that the multi sector regulator, Public Utilities Commission of […]
Relatives, Muslims appeal for release of Sri Lankan hostage in Iraq
Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been forced to work there by his Kuwaiti employer.Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been […]
Canadian mission to reopen amid protests over disrobing monks
Canada’s mission in Sri Lanka is to re-open, a week after an anthrax scare sparked a diplomatic crisis which deepened Friday after Buddhist monks described how they were forced to strip.Canada’s mission in Sri Lanka is to re-open, a week after an anthrax scare sparked a diplomatic crisis which deepened Friday after Buddhist monks described […]
Sri Lanka president to be in office an extra year
Sri Lanka President Chandrika Kumaratunga will remain in office until December 2006, a year longer than many had believed based on her swearing in for a six-year term in December 1999.Sri Lanka President Chandrika Kumaratunga will remain in office until December 2006, a year longer than many had believed based on her swearing in for […]