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In mid February, the Ceylon Electricity Board (CEB) informed consumers of their intention to revise their electricity charges from the following month. The March electricity bill issued to the consumer by the meter-reader was based on previous rate. The April bill based on revised rates with the addition of fuel surcharge for March was sure ...
- More power cuts after China-built plant fails again (Category: Business)
- In the Chinese-built coal power plant of Norchcholai, there are more questions than answers. (Category: Breaking News)
- Chinese firm says coal plant failed after overuse (Category: Business)
- CEB is not a burden on national economy, says Power Minister (Category: Business)
LONDON (Reuters): The Bank of England looks set to call a halt to its asset-buying program on Thursday, despite the economy having slipped into recession and renewed risks rising from the euro zone debt crisis, as UK inflation remains stubbornly high. Ending its program of quantitative easing, or QE, may make life more difficult for ...
- Rocky Road (Category: Business)
- Sri Lanka’s Central Bank raises rates to contain record high inflation (Category: Breaking News)
- Fiat Inflation (Category: Business)
- Inflation drops in July for the fifth consecutive month (Category: Breaking News)
CB asks banks overnight for their forex commitments for Thursday and Friday; steps up bank visits Convenes meeting with treasury heads of banks; rupee crisis figures in monthly CB-bank CEOs meeting as well Dealers say no room for speculation given the very narrow net open positions; new rules apart from lack of dollars could be ...
- Markets becalmed (Category: Business)
- Rupee sinks to record low (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- An effective consumer lending proposition (Category: Business)
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- The Economic Impact of Exchange Controls (Category: Business)
- Living with debts (Category: Business)
- Strategies on reducing or getting out of foreign debt (Category: Business)
High cost of living and festive seasons go hand in hand and the upcoming New Year looks set to becoming a particularly difficult one. With the Central Bank downgrading the economic forecast from eight per cent to 7.2 per cent and a rapidly depreciating rupee adding to increasing imports, the month of April, when consumerism ...
- Former Mississippi Gov. William F. Winter dies at 97 (Category: USA, Mississippi)
- March on Capitol costs Georgia man his job at car dealership (Category: USA, Nebraska)
- March on Capitol costs Georgia man his job at car dealership (Category: USA, Maryland)
- March on Capitol costs Georgia man his job at car dealership (Category: USA, Maine)
SINGAPORE (Reuters): European banks will continue to reduce their lending in Asia, posing problems for companies in the region as local financial institutions lack the capacity to make up the shortfall, Singapore’s central bank chief warned on Wednesday. Asian firms, other than the bluest of blue chips, have seen a jump in their dollar borrowing ...
- Asian shares fall, dollar spikes vs yen on intervention (Category: Business)
- Dollar debt set to remain sparse and steep in Asia (Category: Business)
- Commercial Bank offers NRFC accounts in Chinese Yuan (Category: Business)
- Singapore expected to keep monetary policy on hold (Category: Business)
Tyranny of the international capital markets Dr. Indrajit Coomaraswamy, ex-Central Banker and International Civil Servant, did not mince words when he addressed the country’s exporters last week. The veteran economist, having made an assessment of the risks associated with Sri Lanka’s external sector crisis, warned that the country will have to grapple with “the tyranny ...
- High costs of poor performance or high returns of sound management (Category: Business)
- Appreciating exchange rates: Not a boon always (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- No more IMF loan for Sri Lanka (Category: Breaking News)
Reuters: France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis. President Nicolas Sarkozy and Chancellor Angela Merkel said after talks with Italian Prime Minister Mario Monti that they trusted the independent central bank ...
- S&P piles pressure on Franco-German budget plan (Category: Business)
- Crisis in Italy spurs fears of euro zone break-up (Category: Business)
- EU leaders to agree on permanent bailout fund (Category: Business)
- Euro zone crisis reaches France, turns existential (Category: Business)
By Kusal Perera Groundviews.org: The media these few days, especially the English media, provides unusually high anti government coverage to the government’s latest move to push through a bill, classified as urgent. Titled “Revival of the Underperforming and Underutilised Assets Bill,” it sent many stories spinning round Colombo circles. More politically savvy circles talked abou...
- Harsha reminds Rajapaksa Govt. of Sirimavo’s fall after nationalisation (Category: Business)
- ‘Expropriation Bill’ is evil? (Category: Business)
- Irony Of The “Left” In Opposing Rajapaksa Amidst Buddhists (Category: Breaking News)
- Entrepreneur and the profit motive (Category: Business)
BANGKOK Reuters: Thai authorities tried to stem growing anger among flood victims on Tuesday as water swamped new neighborhoods and the government began mapping out a plan costing billions of dollars to prevent a repeat disaster and secure investor confidence. The floods began in July and have devastated large parts of the central Chao Phraya ...
- Thais tense as floods set to swamp more of capital (Category: Business)
- Residents flee Bangkok after “massive” flood warning (Category: Business)
- Thailand raises minimum wage as firms struggle with floods (Category: Business)
- Thai PM warns on prices as flood fears grip Bangkok (Category: Business)
BANGKOK (AFP): Thailand’s worst floods in decades have jolted a global supply chain already straining under the impact of Japan’s tsunami, as deluged factories threaten some of the kingdom’s key export industries. The floods have killed about 300 people, damaged one-tenth of Thailand’s rice paddy and made major roads north of Bangkok impassable. Toyota, Ford, ...
- Ever-resilient Thai tourism may bounce back after floods (Category: Business)
- Thailand races to defend Bangkok from floods (Category: Business)
- Thailand raises minimum wage as firms struggle with floods (Category: Business)
- PATA says no need to change travel plans to Thailand (Category: Business)
Reuters: Sri Lanka’s stock market narrowly edged up on Monday from a seven-week low, ending four straight falls as investors snapped up battered shares though a liquidity shortage and global worries cooled sentiments, dealers said. The island nation’s main share index closed 0.02
- Stock market at two-week low; block deals boost activity (Category: Business)
- Stock market at 11-week low despite foreign inflows (Category: Business)
- Kenya tea exports up 10% in first quarter (Category: Business)
- Stocks slip on profit-taking ahead of SEC ruling (Category: Business)
THE report of the three member committee appointed to investigate the import and distribution of substandard petrol was out on Monday. Unlike some of the other reports, this one was made public much to the relief of civil society. The Committee was headed by Power and Energy Ministry Secretary M.M.C. Ferdinando and comprised CPC Chemical ...
- Motorists affected by substandard petrol to be compensated (Category: Breaking News)
- Substandard Petrol: compensation for all affected vehicle owners (Category: Business)
- Another CPC controversy (Category: Business)
- CPC Board says: We are fall guys on ‘bad diesel’ (Category: Breaking News)
Stock Broking firm Capital Alliance suggests that the 2.6 million tourist arrivals target isn’t a pipedream but achievable though it will be only by 2020, which is 4 years later than the Government and industry set timeline of 2016. “The Government projects 2.5m arrivals in 2016, but the industry will lack the rooms and trained ...
- Think tourism (Category: Business)
- ETA examined (Category: Business)
- September tourist arrivals up 27% (Category: Business)
- South Africa’s Sun City to invest $ 800 m in Sri Lanka tourism (Category: Business)
CEMENT, a product slapped with maximum retail price, is in crisis. During the past few weeks cement has been the centre of much public spotlight and debate. Macho-type talk by Co-operatives and Internal Trade Minister Johnston Fernando and his lack of consultation with cement trade hasn’t helped the situation either. Let’s take stock of the ...
- Cement market gets ‘Lucky’! (Category: Business)
- 1 million bags of cement in need (Category: Business)
- Lanka Cement gets new Board (Category: Business)
- Price of a 50kg bag of cement to cost Rupees 2300/- from today (06) (Category: Breaking News)
By Dr. O.G Dayaratna-Banda Department of Economics and Statistics University of Peradeniya Adoring the discarded neo-liberalism The Secretary to the Treasury of Sri Lanka has seemingly informed the Vice Chancellors of the Universities at a meeting held at the UGC that the “increase of the salaries of university academics or any other public sector workers ...
- Inflation – Public Enemy Number One (Category: Breaking News)
- Pitfalls of export-led growth (Category: Breaking News)
- Are The IMF & Ranil Wickremesinghe Neoliberal? (Category: Breaking News)
By Austin Fernando In recent times there had been vast discussion on returning the displaced. The Lessons Learnt and Reconciliation Commission (LLRC), media, Diaspora, diplomatic inquiries- especially from India- led these dialogues. When certain Tamil representatives gave evidence before the LLRC the internally displaced person’s (IDP’s) and refugees’ rights and plight became secondary ...
- Govt focus on resettling "New" IDP's resulting in "Old" IDP"s being overlooked (Category: Breaking News)
- Submission by the Catholic Diocese of Mannar to the Lessons Learnt and Reconciliation Commission (Category: Breaking News)
- LLRC Action Plan Calls For Police To Be Independent (Category: Breaking News)
- Can Sri Lanka’s government implement the LLRC recommendations? (Category: Breaking News)
An Interview with SB Dissanayake by Chamitha Kuruppu Admitting the Government has launched a campaign to eliminate JVP-led student movements crippling the university system in the country, Minister of Higher Education S.B. Dissanayake points out such moves should not be...
- Universities in crisis: Key learnings (Category: Business)
- Chaos in universities: A solution? (Category: Business)
- Law students can be assisted to learn English – President (Category: Breaking News)
- “Our motto is quality, not money”: BMS President (Category: Business)
By M.Sooriasegaram The proposed Nallur Hotel in Jaffna by the Mercantile Bank of Sri Lanka has sparked off a public debate. At a public consultative meeting organized by the Mayor of Jaffna several weeks ago, Minister Douglas Devananda, who chaired...
- Nallur festival attracts large crowds (Category: Breaking News)
- Green Globe certifies 20 Mövenpick hotels in Middle East (Category: Business)
- Jaffna Revisited – Some Quick Impression On Post-War Development (Category: Breaking News)
- Youth prick the tattoo of LTTE symbol arrested at Nallur (Category: Breaking News)
By Shamindra Ferdinando Prabhakaran’s successor, T. S. Pathmanathan or simply ‘KP’ as he is better known has thrown his weight behind Sri Lanka’s post-LTTE efforts to restore peace in the Northern and Eastern provinces....
- Sri Lankan govt reaches agreement with LTTE faction led by Pathmanathan alias "KP" (Category: Breaking News)
- A new war: SL backed KP vs India backed TNA (Category: Breaking News)
- Playing politics with LTTE dead (Category: Breaking News)
- Post-war deceptions (Category: Breaking News)
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