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Small Change
The state is looking at absorbing up to about 25 percent or as much as half the cost of laying rain guards for rubber trees on smallholder estates this year. Laying the plastic skirt-like rain guards over the areas to be tapped protects it in heavy rainfall areas like the Ratnapura and the Kalutara districts.Increasing […]
Money Matters
Three-month treasury yields continued to surge upwards as the market becomes uneasy over the upcoming April polls.The Central Bank offered and accepted Rs.6.462 bn worth of bills at Tuesdays auction, though the market sent in bids for Rs.11.065 bn, the Central Bank said.rn rnThe weighted average yield rate for three-month paper rose eight basis points […]
No Brakes
The rupee slipped up against the US dollar to end at 99.15, despite a state bank selling some dollars to shore up the currency.The rupee opened at 99.25, before the intervention brought it down to 98.90. Dealers said there was heavy import demand, on slim volumes.rn rnDealers said Bank of Ceylon had sold some dollars […]
Think Differently
The Premier told a top gathering of planters on Tuesday that the time had come to take over as managers of a value added industry, or lose out to more efficient agro-businesses that would be the industry of the future. “When you say that your contribution to the economy has fallen, it is true because […]
Small Change
The state is looking at absorbing up to about 25 percent or as much as half the cost of laying rain guards for rubber trees on smallholder estates this year.rn rnLaying the plastic skirt-like rain guards over the areas to be tapped protects it in heavy rainfall areas like the Ratnapura and the Kalutara districts.rn […]
Going Offline
Stepping up its presence from a standalone internet service provider, Eureka on Tuesday said it has repositioned its business to become an IT solutions provider. Eureka says it has redesigned its business model over four years to offer anything from PC maintenance to more complex corporate data and software solutions.rn rnChief Executive Dilendra Wimalasekere says […]
Alliance Calling
Wooing support for its ticket to govern the country, the newly formed SLFP-JVP alliance flirted with the Colombo based business and international community on Tuesday. The gala two-hour PR campaign, the first major public appearance since the alliance was signed in late January was mooted to ally fears of an anti-private sector regime in the […]
Saffron Power
Nationalist party, Sihala Urumaya said Tuesday that it was exclusively fielding Buddhist monks to contest the 225 seats up for grabs at snap parliamentary elections.rnThe Party said it will bank on saffron power for the April 2 elections called by President Chandrika Kumaratunga after she dissolved parliament nearly four years ahead of schedule on February […]
Get Going
The four co-chairs of peace have expressed disappointment over the current political situation and repeated their call on the Sri Lankan government to resume peace talks. The co-chairs turned down a government request to de-link the peace element from the aid package, in the light of the current political situation and a breakdown in peace […]
Grand Slam
Sri Lankas Prime Minister has accused the countrys president of jeopardising a ceasefire with Tamil rebels and scuttling economic recovery in his first public address since his government was sacked 10 days ago. “The presidents action has jeopardised the ceasefire agreement. The economy has suffered a severe blow,” Prime Minister Ranil Wickremesinghe said in his […]