Category: Other
Late Tariff
Fixed line giant Sri Lanka Telecom’s shift to a per-second tariff will be put off until after March 2006, when an appeal in the Supreme Court over its last tariff hike is taken up. Fixed line giant Sri Lanka Telecom’s shift to a per-second tariff will be put off until after March 2006, when an […]
Completely Clueless!
Sri Lankans may have to call on seers for help, as neither presidential candidate in Thursday’s poll, is clear on how they will pay for subsidies or tackle painful economic reforms, analysts said.Sri Lankans may have to call on seers for help, as neither presidential candidate in Thursday’s poll, is clear on how they will […]
Easy Prey
Sri Lanka is just recovering from a bad bout of inflation. But inflation actually helps the Treasury balance its books, by boosting nominal revenues, and imposing cuts in wages and other expenditure in real terms. Sri Lanka is just recovering from a bad bout of inflation. But inflation actually helps the Treasury balance its books, […]
Better Management
Top economic advisor to the Prime Minister Ajith Nivard Cabral says big government is possible despite the lack of Fiscal space.Top economic advisor to the Prime Minister Ajith Nivard Cabral says big government is possible despite the lack of Fiscal space. Mr. Cabral, an accountant, used to be a member of the capitalist UNP.The Prime […]
Presidential Election 2005 : Outcome Revealed
The analysis appearing below is a sequel to the previous three scenario analysis. A re-cap of the three scenarios analyzed previously is as follows.The analysis appearing below is a sequel to the previous three scenario analysis. A re-cap of the three scenarios analyzed previously is as follows. Notation : UNP Candidate = RW UPFA […]
Russians are paying more for a good cuppa,
Russians are paying more for a good cuppa, spending an average US$ 1.82 this year, up from US$ 1.69 in 2004. Asia Siyaka Commodity Brokers in its weekly tea report quoted head of the Rusteacoffee industry lobby Ramaz Chanturiya saying that tea consumption in Russia will remain stable in the foreseeable future, but the share […]
Butt end Budget
The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. Uncertainty as to what policies may be implemented or amended after […]
Clear Line
Fixed line giant Sri Lanka Telecom on Monday was granted special leave to appeal a Court of Appeal ruling against its last tariff revision. Fixed line giant Sri Lanka Telecom on Monday was granted special leave to appeal a Court of Appeal ruling against its last tariff revision. The Appeal Court in July ruled in […]
Lofty Goals
Some 3,000 odd working journalists in Sri Lanka are hoping for better pay and working conditions after several industry associations signed up to honour a new media charter on Thursday.Some 3,000 odd working journalists in Sri Lanka are hoping for better pay and working conditions after several industry associations signed up to honour a new […]
Deposit Slip
The District Courts on Wednesday turned down an interim order to clip business tycoon Harry Jayawardena’s shareholding in Commercial Bank. The District Courts on Wednesday turned down an interim order to clip business tycoon Harry Jayawardena’s shareholding in Commercial Bank. The interim order was sought by Unions representing Commercial Bank employees, who argue that Jayawardene […]
Cheque It Out
Sri Lankan politicians love to hold Singapore up as a role model for economic prosperity.But come Nov. 17, politicians will have something to crow about, when campaigning for this month’s presidential poll – though the subject matter is esoteric, like cheque truncation.Sri Lankan politicians love to hold Singapore up as a role model for economic […]
Millennium Growth
Millennium IT (MIT) that established a niche for it self in the area of capital market enabling software says they will offer a new product soon that will link revenues to transactions of their clients.Millennium IT (MIT) that established a niche for it self in the area of capital market enabling software says they will […]