Bankruptcy looms for CEB

THE Ceylon Electricity Board (CEB) faces an imminent crash, with far reaching consequences for the economy, if it is not restructured urgently, top sources familiar with the issue asserted yesterday. They pointed out that the Government banks cannot afford to inject more funds to the CEB as it already owes Rs.90 billion to the People's Bank alone. The CEB recorded a massive loss of Rs.39.3 billion in 2004.

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Today's politicos can learn a lot from late PM Sirimavo Bandaranaike - President

THE greatest honour one can offer to the late Prime Minister Sirimavo Bandaranaike is to dedicate their political career for the benefit of the common masses by putting country before self, setting aside their political agendas, President Chandrika Bandaranaike Kumaratunga said.

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Workers mixing organic products

BUSINESS

More money for tea, coconut subsidies

THE Tea Small Holdings Development Authority (TSHDA) has provided Rs. 215.43 million as tea subsidies in 2004. It was 209.47 million in the previous year. A senior official of the TSHDA said there were 14,197 applicants who received replanting subsidies in 2003. It was 12,276 last year. There were no applicants recorded for new planting subsidies last year and in 2003.

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PSV Eindhoven’s Mark Van Bommel (L) and Theo Lucius challenge Clarence Seedorf of AC Milan vies for the ball during the Champion’s league semi-final second leg football match in Eindhoven’s Philips Stadium, 04 May 2005. AFP

SPORTS

Sri Lanka-Philippines boxing dual today:

Seconds out ..... box

A ten member Sri Lanka boxing team will meet the Philippines in the first ever international boxing meet in the country set to take place at the Sugathadasa indoor stadium today commencing at 5.00 p.m. The team comprises of six male boxers and four women boxers to make up the ten bout event.

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President Chandrika Bandaranaike Kumaratunga unveiled a portrait of late Prime Minister Sirimavo Bandaranaike at the Parliament Complex yesterday. Looking on are Prime Minister Mahinda Rajapakse and Speaker W.J.M. Lokubandara. Picture by Wenesly Mataraarachchi.


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Political Today's politicos can learn a lot from late PM Sirimavo Bandaranaike - President Failure to start power projects led to present crisis - Power and Energy Minister JVP says hasty decisions won't be taken more » Business More money for tea, coconut subsidies More money for tea, coconut subsidies Kavaya export development forum in Kandy more » Features The inseparability of rights and duties Information Security Management and BS7799 Sirimavo R.D. Bandaranaike : Martyr in the cause of truth, democracy and justice more » Sports Sri Lanka-Philippines boxing dual today: Seconds out ..... box Asian Football Confederation President's Cup: Sri Lanka's Blue Stars win 1-0 against WAPDA SC Four Lankan cricketers for Lord's tsunami match more » World Arrest of Al-Qaeda's third in command may lead to Osama Malaysia hikes fuel prices to cut subsidy costs Storm strikes Calcutta, 11 dead more »