Sri Lanka stands by ceasefire with LTTE, though it is illegal.
Feb. 26 (LBO) - The government will abide by the agreements reached with the LTTE in Geneva, despite the original ceasefire agreement being illegal, members of …
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.Red Flag
The woes the Indian state oil giant IOC’s Sri Lankan unit continues, as the firm took an unprecedented hit on its accounts to provision off a disputed …
Sick Leave
Feb 22 (LBO) - Some workers at Sri Lanka's state owned power utility struck work on Wednesday in protest over unpaid wages, without disrupting power supplies. …
Last Warning
Feb. 21 (LBO) - About 50 public sector trade unions called off a planned strike, giving the government a ten day ultimatum to sort out salary anomalies. Unions …
Treasure Hunt
Feb. 20 (LBO) - India's Reliance group is scouting for investment opportunities in Sri Lanka, with an eye on oil exploration in potential areas off Mannar on …
Here’s Hoping
Reports that the treasury has set off tax liabilities of the Ceylon Petroleum Corporation against the full subsidy due from the government, has raised …
Sri Lankan taxpayers too afraid of tax collectors to complain about mistreatment
Jan 15 (LBO) - Sri Lankan tax payers are too afraid of retaliation by tax collectors to complain about mistreatment. Sri Lanka appointed a tax ombudsman in …
Betting Big
Feb. 15 (LBO) – Smaller lubricant players are asking the Sri Lankan government to scrap a five-year license fee and instead opt for a 0.5 percent tax on …
Seventeen badly run state-institutions cost taxpayers Rs. 70 bn annually
Feb. 14 (LBO) – Despite just over two decades of public sector reforms, 17 government entities continue to hemorrhage, draining Rs. 70 billion each year …
Green Fingers
Feb. 13 (LBO) – Sri Lanka's Richard Pieris Group, owners of the 'Arpico' brand, are ploughing Rs. 150 million to generate energy off trees, a top …
Oil prices fuel Sri Lanka’s trade gap
Feb. 10 (LBO) – Sri Lanka's trade deficit widened by 12 percent to US$ 2.5 billion for the year ended 2005, though foreign remittances helped strengthen …
Number Tangle
Feb 10 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, may have to re-state their published accounts if the Sri Lankan government does not pay the …
Sri Lanka names negotiators amid Norway, Swiss moves
Feb 9 (AFP) - Peacebroker Norway and talks host Switzerland stepped up diplomatic moves Thursday to arrange face-to-face talks between Sri Lanka's warring …
Sri Lanka’s top donors not convinced that the situation is conducive for reconstruction and investment
Feb 06 (LBO) – A drop in violence and impending peace talks between warring factions has failed to convince Sri Lanka’s top donors that the …
Sri Lanka frees 2,000 prisoners to mark Freedom Day
Feb 4 (AFP) - Sri Lankan authorities Saturday freed nearly 2,000 convicts to mark the island's 58th anniversary of independence from Britain, a prison …
Sri Lanka shows military might as Tigers protest anniversary
Feb 4 (AFP) - Sri Lanka put on a bristling display of its military might to mark freedom day Saturday as Tamil rebels forced a work stoppage ahead of key talks …
Donors back out of Tiger Talks
Feb 03 (LBO) - Sri Lanka's key international donors put off their Friday meeting with Tamil Tiger rebels, following protests by Marxists and Buddhist monks. …
Bomb scare puts off Sri Lanka MP’s
Colombo, Feb 2 (PTI) Panic-stricken Sri Lankan legislators today agreed to put off their sittings by nearly two weeks following a bomb scare inside the …
Raising Stakes
Jan 31 (LBO) - Aitken Spence upped its stake in Ace Power Embilipitiya (Private) Ltd. buy cymbalta online …
Import duties go up on rice, wheat flour
Jan. 31 (LBO) - Sri Lanka Tuesday raised import duties (taxes) on rice and wheat flour to discourage flour imports and to boost demand for local rice, the …