Author: lbostgadmin
Stepping Stones
Sri Lanka has picked up a US$ 94.5 million soft loan from Japan to restore livelihoods in areas affected by last year’s tsunami, officials said Wednesday.Sri Lanka has picked up a US$ 94.5 million soft loan from Japan to restore livelihoods in areas affected by last year’s tsunami, officials said Wednesday. The loan agreement which […]
Whistle Blower
The Customs Intelligence Unit is stepping up its surveillance to apprehend individuals and consortiums smuggling goods in and out of the island.The Customs Intelligence Unit is stepping up its surveillance to apprehend individuals and consortiums smuggling goods in and out of the island. Officials on Wednesday said the unit is now trying to entice more […]
Sri Lanka media minister quits
Sri Lanka’s Media minister Mangala Samaraweera Tuesday quit amid a deepening crisis within the shaky coalition government, an official said.Sri Lanka’s Media minister Mangala Samaraweera Tuesday quit amid a deepening crisis within the shaky coalition government, an official said. Samaraweera, a close confidant of President Chandrika Kumaratunga resigned his position as media minister, but will […]
Sri Lanka coalition under siege as monks, Tigers mount pressure
Sri Lanka’s president came under intense pressure as a key minister quit Tuesday and the influential Buddhist clergy vowed to end her career if she approved an aid-sharing deal with Tamil Tiger rebels.Sri Lanka’s president came under intense pressure as a key minister quit Tuesday and the influential Buddhist clergy vowed to end her career […]
Clean Drink
Sri Lanka signed up for a US$ 14.8 million loan from Korea to supply water to over 160,000 residents living in the southern coastal town of Galle.Sri Lanka signed up for a US$ 14.8 million loan from Korea to supply water to over 160,000 residents living in the southern coastal town of Galle. Inked between […]
Hot Potato
Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of payments, a top official said Tuesday.Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of […]
Free Roaming
Global wireless voice and broadband data products design and development firm Axesstel, Inc on Tuesday said it will supply fixed wireless phone units for Suntel Limited’s proposed CDMA network launch set for late June.Global wireless voice and broadband data products design and development firm Axesstel, Inc on Tuesday said it will supply fixed wireless phone […]
Travel Expenses
Bus strike called off as government agrees to a 15 percent bus fare increase, from Friday, June 10. Bus strike called off as government agrees to a 15 percent bus fare increase, from Friday, June 10. “The bus strike will be called off now because we got approval to increase prices,” said President of the […]
Hopes for Sri Lanka peace talks rise after India backs aid plan with rebels
Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a controversial aid-sharing deal with the guerrillas, a senior diplomat and analysts said Sunday. Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a […]
Two men shot dead in Sri Lanka capital may be linked to rebel factional feud
Unidentified gunmen shot dead two men in the Sri Lankan capital Colombo Sunday in killings that may be linked to factional fighting among Tamil rebels, a defence ministry spokesman said.The victims, both residents from the island’s northern peninsula of Jaffna, were gunned down in Colombo’s Kotahena area on Sunday morning, the spokesman said. “Police have […]
Sri Lankan president cancels talks with allies over tsunami aid deal
Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said.Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said. President Chandrika […]
Trip Switch
Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval.Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval. Investors last week encouraged the government to go ahead with […]