Don’t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, …
Industry
Slippery Grounds
Ceylon Petroleum Corporation says its operations are not viable unless the government sticks to the pricing formula agreed to as part of the sector …
Cash Crunch
The government's overdue subsidy payments for fuel and flour had snowballed to a massive Rs. online pharmacy buy diflucan with best prices today in the USA buy …
PABC makes profit
Pan Asia Bank Corporation (PABC) hopes to increase its capital adequacy ratio through a Rights Issue early next year.buy temovate online buy temovate online no …
Tsunami cost to tourism far less than 9/11 attacks: industry leaders
The impact of the tsunami disaster on tourism in 2005 will be about 40 times less than that of the September 11 attacks on the United States, industry leaders …
Watchout
The IMF said Thursday that rising living standards in China and the rest of the developing world will keep oil prices sky-high for decades to come, with even …
China Calls
Private fixedline operator Lanka Bell, signed up for a US$ 400 mn equipment deal with China's Huawei Technologies Co. online pharmacy buy spiriva inhaler with …
Up, Up
Workers' remittances are a key source of foreign exchange for developing countries, at more than 100 billion dollars a year and expected to rise, but …
Pay Up
Sri Lanka's Central Bank on Friday raised the minimum capital requirement for commercial banks by 400 percent to promote a robust and stable financial system. …
Switched Off
Electricity sector trade union plans for an island wide blackout, goes on hold after the government agrees to hold back Ceylon Electricity Board (CEB) reforms. …
Joint Forces
The government says is it has not yet been able to set up a joint mechanism to fund the North and East, and is waiting for a word from the LTTE top brass. …
Hic Hic
Sri Lanka's warring parties are yet to agree on how to disburse millions of dollars in foreign aid for tsunami survivors more than three months after the …
Unplugged
Power sector unions are giving the state till Friday to decide on controversial reform plans for the loss making Ceylon Electricity Board, ahead of a key union …
Short Selling
The Public Enterprises Reform Commission (PERC) has billed just over a million rupees for the government so far, selling its minority stakes in listed …
Swiss Aid
Switzerland on Wednesday gave Sri Lanka US$ 7 mn as aid for cash grants to rebuild houses outside the coastal buffer zone in tsunami affected areas. online …
Free Float
SriLankan Airlines is contemplating moving into a floating rate fare regime to beat off galloping fuel prices that is burning a hole in its bottomline, a top …
Thrice Over
Destitute Hambantota entreprenuers, who were hit by the tsunami, then battered by the government's buffer zone rules, are now caught in another vicious trap as …
Up Link
Telecom Ministry says Lanka Internet could continue with its existing license to offer voice service, but says will consider all interpretations of the …
Soaring High
Major airlines face greater losses than last year because of the ongoing surge in oil prices, the main industry association warned Monday as it forecast total …
Shiver me Timers
Sri Lankan shippers say the Colombo port is getting too expensive, eroding any cost competitiveness they have for their products in the international market. …