Tag: lbo

Govt. says it is flexible to restart peace talks and ask LTTE to do the same.

Govt. says it is flexible to restart peace talks and ask LTTE to do the same.

Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker Norway’s warnings that the country could slip back to war.Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker […]

Hotting Up

Hotting Up

Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said.Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said. “Prices will definitely go up by at least five percent in October. […]

Norway fails to break the deadlock between the government and the LTTE

Norway fails to break the deadlock between the government and the LTTE

Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said.Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said. Norway’s top […]

Gas Refill

Gas Refill

Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer Affairs Authority.Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer […]

In Transition

In Transition

The state-owned power monopoly is evaluating a proposal by NatWealth Corp.to help restructure nearly Rs. 20.0 bn of its debts. The state-owned power monopoly is evaluating a proposal by NatWealth Corp. to help restructure nearly Rs. 20.0 bn of its debts. The long-term debt stock, carries varying rates of interest between 10 percent to 13 […]

The Sri Lankan government will comfort families of migrant workers with therapy sessions.

The Sri Lankan government will comfort families of migrant workers with therapy sessions.

The Sri Lankan government will comfort families of migrant workers with therapy sessions. The Sri Lankan government will comfort families of migrant workers with therapy sessions. “We want to do counselling for families where mothers have gone abroad,” said Labour & Foreign Employment Minister, Athauda Seneviratne, on Monday.  Cabinet, said Seneviratne, sanctioned this move a […]

Trade deficit for May expands on falling apparel earnings and higher oil bill

Trade deficit for May expands on falling apparel earnings and higher oil bill

Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday.Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday. Trade deficit […]

Eating Words

Eating Words

Ending months of denial and suspense, the government raised petrol prices by Rs. 8.00 with effect from midnight Friday Ending months of denial and suspense, the government raised petrol prices by Rs.8.00 with effect from midnight Friday Petrol at the pump would now cost Rs.65.00 per litre. But the government shot down a suggestion by […]

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