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Bus Fair
An islandwide bus strike on Monday was averted when the government agreed to a 50 cents increase in bus fares from 1st September.An islandwide bus strike on Monday was averted when the government agreed to a 50 cents increase in bus fares from 1st September. “We were told we can increase bus fares by 50 […]
Ship Building
Cabinet cleared an Asian Development Bank (ADB) sponsored master plan to develop Sri Lanka’s ports sector.The Shipping Minister Mangala Samaraweera told Lanka Business Online on Thursday that the Cabinet of Ministers had approved the port master plan, that details development areas and priority infrastructure requirements to meet growing and potential demand. In addition, Samaraweera says […]
Up Time
Sri Lanka Telecom on Thursday confirmed it has secured enough bandwidth to fully restore its internet services by one in the morning.Sri Lanka Telecom on Thursday confirmed it has secured enough bandwidth to fully restore its internet services by one in the morning. The telco giant negotiated for bandwidth from regional internet service providers and […]
Funky Tunes
Sri Lanka Telecom’s net profits fell just short of the two billion rupee mark, but operating cost continued to surge, despite undergoing a hefty early retirement scheme.Sri Lanka Telecom’s net profits fell just short of the two billion rupee mark, but operating cost continued to surge, despite undergoing a hefty early retirement scheme. The dominant […]
Gassed Up
Shell Gas may have to jack up prices by as much as Rs.100 a cylinder come September, as it battles a price build up that’s straining its bottom-line.Shell Gas may have to jack up prices by as much as Rs. 100 a cylinder come September, as it battles a price build up that’s straining its […]
The Millennium Challenge Corporation announces the latest criteria to apply for assistance
The Millennium Challenge Corporation (MCC) announces the latest criteria on how developing countries can apply for assistance from its US bn fund in 2005.The Millennium Challenge Corporation (MCC) announces the latest criteria on how developing countries can apply for assistance from its US bn fund in 2005.In May this year a first batch of 16 […]
‘s leading business chamber urges upward revisions to local fuel prices.
Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates.Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates. The Ceylon Chamber of Commerce met on Thursday to discuss the impacts of increasing international oil prices on […]
HNB shifts its bond portfolio to a special account after a drop in treasury yields
Hatton National Bank has created a special account to transfer over four billion rupees worth of bonds, after its portfolio fell victim to a drop in treasury yields. Hatton National Bank has created a special account to transfer over four billion rupees worth of bonds, after its portfolio fell victim to a drop in treasury […]
Kind Words
Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting.Sri Lanka is banking on Saudi Arabia’s tacit support to secure concessions from an upcoming OPEC Fund meeting. Saudi Arabia has been a long standing friend, says Finance Minister Dr.Sarath Amunugama and they have promised to ‘put in […]
Radar Test
A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port.A team from the US Department of Energy will visit Sri Lanka next week for a technical study on deploying radiation detection equipment at the country’s port. The study […]