Getting Late
Aid donors warned of long delays in aid distribution if the budget is not presented soon as the IMF postponed the release of the second tranche of a key …
Economy & Markets
Ready’85 Go
Governor of the Swedish Central Bank says Sri Lankas Central Bank is almost ready to go for a fully-fledged inflation targeting exercise.Sweden has …
Playing Poker
President Chandrika Kumaratunga withdrew tough emergency laws on Friday and replaced them with a lesser clause under the Public Security Ordinance (Chapter …
Right to Rule
Presidential spokesperson and new Rupavahini Corp., Chairman Harim Peiris said the President also has a mandate from the people. rnrnPeiris comments came on …
Presidential Talks
President Chandrika Kumaratunga has revived her call for a national government and re-assured that Parliament will be re-opened and the 2004 budget presented …
Holding Hands
In 2001, many a Sri Lankan and some foreign residents here at the time, dropped what they were doing, to hold hands on the streets instead. There could be a …
Ranil Talks Back
Prime Minister Ranil Wickremesinghe on his return from the United States says his immediate priority is to ensure the peace process is not jeopardised. …
State of What?
Confusion looms over the state of emergency, with the Government Printer saying the President had asked him not to issue the gazette notification imposing the …
Small Wallet — Updated
Sri Lanka is tipped to head for a mini budget as signs of the UNF budget making its way to Parliament this year, diminish.rnrnrnGovernment finances run on a …
Rotting Deal
The Finance Minister in an emergency meeting with the press on Wednesday said fertiliser subsidies was to be increased significantly from the Rs. 2 billion …
Buying Support
The Sri Lanka Muslim Congress (SLMC) leader Rauff Hakeem says his party will back the UNF government only on conditions put forward by his party. Conditions …
Free Fall
Investors are bracing for a brutal fall in share prices in Thursday trading, following up on the over 18 percent drop in the ASPI over two days. The …
Oval Blessings
President George W. Bush on Wednesday praised Sri Lankan Prime Minister Ranil Wickremesinghes "leadership," a day after President Chandrika Kumaratunga …
US Backs Premier
Suspension of parliament, other actions possibly detrimental to peace, says State Department Spokesman on Wednesday.U.S. State Department Deputy Spokesman Adam …
Peace Accord Holds
The Norwegian-brokered ceasefire pact between the Sri Lankan government and Tamil Tiger guerrillas will stand despite President Chandrika Kumaratunga taking …
Crash
The Colombo stock market took a plunge as President Chandrika Kumaratunga sacked three key ministers and took over the portfolios of Defence, Interior and …
Calling All Buyers
The market is climbing up, with analysts seeing investment oppurtunities, urging buyers to return to the market.rn"Fundamentally stocks are trading at …
Six Calls
Six investment banks are vying to take up the post of international ratings advisor to the government, as it embarks on the process of seeking a sovereign …
Fund Manager
The state is gunning for a Rs. 9 billion cut in interest costs for 2004, after making a Rs. 4 billion saving in 2003. Deputy Finance Minister Bandula …
What You Get
The governments budget for next year will give substantial salary hikes for government sector workers while creating new jobs and improving infrastructure.A …