Tag: Sri Lanka
Hot Air
The Court of Appeal has ruled the Consumer Affairs Authority (CAA) cannot control Shell Gs Lanka prices by categorizing LP gas as an essential item.The Court of Appeal has ruled the Consumer Affairs Authority (CAA) cannot control Shell Gs Lanka prices by categorizing LP gas as an essential item. The court awarded the case in […]
Marxist JVP claims its not opposed to private sector or foreign investors
The JVP (Janatha Vimukthi Peramuna) says it is changing fast and it no longer opposes the private sector or foreign investors.The JVP (Janatha Vimukthi Peramuna) says it is changing fast and it no longer opposes the private sector or foreign investors. Top rungers in the UPFA at an evening meeting at Colombo Hilton said anti-business […]
‘s daughter of destiny departs, reluctantly
Sri Lanka’s President Chandrika Kumaratunga, who steps down as president next week after serving her maximum two terms, leaves her parents’ party in turmoil and the country at a crossroads.Sri Lanka’s President Chandrika Kumaratunga, who steps down as president next week after serving her maximum two terms, leaves her parents’ party in turmoil and the […]
Sri Lanka’s daughter of destiny departs, reluctantly
Sri Lanka’s President Chandrika Kumaratunga, who steps down as president next week after serving her maximum two terms, leaves her parents’ party in turmoil and the country at a crossroads.Sri Lanka’s President Chandrika Kumaratunga, who steps down as president next week after serving her maximum two terms, leaves her parents’ party in turmoil and the […]
Kuwait lends US$ 20 mn for post tsunami reconstruction
The Kuwait Fund will lend US$ 20 mn to Sri Lanka to strengthen tertiary education and build administrative infrastructure in tsunami affected areas.The Kuwait Fund will lend US$ 20 mn to Sri Lanka to strengthen tertiary education and build administrative infrastructure in tsunami affected areas. The money will fund construction of educational facilities, student housing […]
Déjà vu
Operating losses at the Ceylon Electricity Board is threatening to snowball to Rs.18 billion by year end, as costs of generation soar with no new power plants in sight. Operating losses at the Ceylon Electricity Board is threatening to snowball to Rs. 18 billion by year end, as costs of generation soar with no new […]
Tigers to let Tamils vote for Sri Lanka president
Sri Lanka’s Tiger rebels will allow minority Tamils to vote in next week’s presidential election, the guerrillas’ proxies in parliament said Thursday. Sri Lanka’s Tiger rebels will allow minority Tamils to vote in next week’s presidential election, the guerrillas’ proxies in parliament said Thursday. The Tamil vote could decide the winner in the closely-contested November […]
Escape Route
Trying to squirm out of paying mounting subsidy bills, Treasury has told state oil giant Ceypetco that it is liable to pay its claims, only if it declares a loss.Trying to squirm out of paying mounting subsidy bills, Treasury has told state oil giant Ceypetco that it is liable to pay its claims, only if […]
‘s peace chief quits amid deadlock in talks
Sri Lanka’s top official handling the peace process with Tamil Tiger rebels resigned Wednesday ahead of presidential elections this month, a government official said.Sri Lanka’s top official handling the peace process with Tamil Tiger rebels resigned Wednesday ahead of presidential elections this month, a government official said. President Chandrika Kumaratunga accepted the resignation of Jayantha […]
Sri Lanka’s peace chief quits amid deadlock in talks
Sri Lanka’s top official handling the peace process with Tamil Tiger rebels resigned Wednesday ahead of presidential elections this month, a government official said.Sri Lanka’s top official handling the peace process with Tamil Tiger rebels resigned Wednesday ahead of presidential elections this month, a government official said. President Chandrika Kumaratunga accepted the resignation of Jayantha […]
Renewable Bonds
The government plans to roll out a “Renewable Energy Support Bond” for Rs.2 billion in 2006 to raise funds supporting rural electrification through renewable energy, Finance Minister Sarath Amunugama said Tuesday.The government plans to roll out a “Renewable Energy Support Bond” for Rs. 2 billion in 2006 to raise funds supporting rural electrification through renewable […]
Budget – losing its significance?
While the ‘pre Presidential poll’ budget is being sidelines as election propaganda, the country’s overall financial planning process is also losing its significance.While the ‘pre Presidential poll’ budget is being sidelines as election propaganda, the country’s overall financial planning process is also losing its significance. Successive governments, despite going through the pomp and pageantry of […]