Huge Row Breaks out between Minister and CEB Board CEB Performance Blamed By Minister Blame game starts – Citizens Still Left with no choice By Faraz Shauketaly Following on our spotlight last week when it was revealed that the Ceylon Electricity Board had called for tenders to purchase 100 Mw of stand-by / Emergency / [...]
By Dinouk Colombage In response to last week’s article entitled ‘Sri Lanka’s Multi Billion Rupee Commitment-Courtesy China’, many activists have criticised the projects highlighted by illustrating the lack of prior feasibility studies carried out. Jagath Gunawardena, environmental lawyer, stated that no environmental feasibility study had been carried out prior to the expansion of the Colombo [...]
By Dr. Arujuna Sivananthan On the January 30, Sri Lanka’s Central Bank announced that it would not draw down the withheld 800 million US dollars (USD) of its International Monetary Fund (IMF) standby facility citing its high interest rate. In a world starved of capital, disbursing the withheld tranches would have posed a simple conundrum [...]
By Ravi Perera Republican Presidential hopeful Mitt Romney in a recent speech spoke of the times when the White House was occupied by the best of America. Although he did not elaborate , obviously Rommney was referring to men who represented the values that Americans have traditionally looked upto.As generally accepted these include hard work, [...]
By Maryam Azwer Over 1,000 World War II veterans have been ignored by the state despite several appeals for help, President of the Ceylon War Veterans’ Association of World War II (CWVA), H. G. P. Jayasekara said. The members of the CWVA are all over the age of eighty, and are finding it very difficult [...]
The Central Bank (CB) has decided to increase its interest rates for the first time since 2007, the bank said on Friday. The Monetary Board of the bank which met on Thursday, decided to increase both the Repurchase rate and the Reverse Repurchase rate of the Central Bank by 50 basis points each. Hence, the [...]
By Dinouk Colombage Sri Lanka has spent an astounding Rs. 391.7 billion on investment projects in the country in the last four years. This enormous amount of money has been spread over five projects, of which only two have been completed but are still to serve any real purpose. All of these projects have been [...]
A Pakistani trade delegation of fruit and vegetable producers and exporters; is visiting Sri Lanka to explore the ways and means to enhance bilateral trade between Sri Lanka and Pakistan, the Pakistan High Commission in Colombo said. The participants of the delegation specialize in the production and export of various fruits and vegetables including Guava, [...]
By Dinouk Colombage A Pakistani trade delegation of fruit and vegetable producers and exporters is visiting Sri Lanka to explore possibilities of enhancing bilateral trade between the two countries. The participants of the delegation specialise in production and export of various fruits and vegetables including guava, mango, potato and dry dates. Eager to obtain the [...]
Govt. Selling Country To China Says Economist By Mandana Ismail Abeywickrema The government says that consideration is given to all areas, including economic and political implications if any, when handing development projects to various countries. Government Spokesperson Minister Keheliya Rambukwella said there was no truth to the claim that the current administration was selling the [...]
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