Sweet Music
Cabinet spokesman, Reginald Cooray says the sweeteners are aimed at those who have put in a minimum five-years of service.rnrnCooray said those who put in …
Leg Up
Travel Agencies in Sri Lanka can now book travel on Jetstar Airways, Australias new low-cost domestic carrier, following an agreement between the airline and …
Making Up
Commercial banks returning from a long holiday week soaked up the excess cash in the banking system, pushing up inter-bank interest rates. The inter-bank …
Disclosure
Sri Lanka was rated 3.5 on ten by top rating agency Dun & Bradstreet for willingness of its companies to disclose information.Amidst state politics and a …
Face To Face
Norways foreign minister met with the top Tamil Tigerrnleader Tuesday in efforts to revive peace talks between the Sri Lankanrngovernment and the guerrillas …
Building Up
Sri Lankas foreign reserves took a 2.2 percent dip in February, slightly above a 5.7 percent drop in January 2004, according to latest data released by the …
Different Route
An action plan to clean up the local transport mess is lined up for Cabinet approval but private bus owners, currently paying up over million rupees a month as …
Steady Beat
Sri Lanka Insurance Corp., clinched a AA-(sri) (AA minus) national insurer financial strength rating from Fitch Ratings Lanka, becoming the first insurer to do …
Bitter Teas
Misty Mountains Holdings bid to buy into the Lankan tea sector fell apart with John Keells Holdings and HVA Lanka calling off their deals with the US firm. …
Spadework
Prime Minister Mahinda Rajapakse, has told the BBC that peace talks with Tamil Tigers rebels will resume before the end of July.Rajapakse told the BBC Sinhala …
Closing The Gap
Sri Lankas trade deficit for February contracted marginally, on the back of a lower import bill and a drop in apparel sector revenues, the Central Bank said …
The Big Two
Banking giant HSBC says emerging markets like India and China could change the way banking is done in Asia. A top regional CEO from the bank said the influence …
Picked by an Angel
Developed economies spend the equivalent of two to three percent of their GDP on Research and Development (R&D).rnBut the figure is much lower for emerging …
Smart Hutchison
Hutchison telecom says their local operation will connect an additional one hundred thousand customers to their GSM network when its commercially launched …
At Your Service
The services sector made the biggest contribution to economic growth last year.The sector that accounted for a little over forty percent of economic activity …
Dim View
Suspected Tamil Tigers shot dead a soldier in eastern Sri Lanka after the rebels warned that Norways renewed efforts to broker peace in the island were in …
U Too
Top donors like the World Bank and the IMF say Constitutional reforms without a two-third majority in the parliament will not affect their lending program to …
Back To Work
Striking flight attendants at Sri Lankas national carrier SriLankan Airlines announced they had ended a work stoppage that forced the airline to ground flights …
Wings Clipped
A strike by flight attendants over a pay row delayed several SriLankan Airlines flights and stranded passengers Friday, airport officials said.rnThere was no …
Spring Cleaning
Fitch Ratings Lanka Limited has revised symbols used to communicate its national ratings in Sri Lanka, in order to achieve greater consistency with the rating …