The government has for the past several months sought the advise of the Central Bank (CB) on various cabinet proposals prior to its presentation to the cabinet, officials said. “This has been happening weekly since January 2007 and I am surprised that no one knew,”...

It’s most likely that by the time you read this column on Sunday, the fate of SriLankan Airlines and Sri Lanka Telecom (SLT), both partly-government owned institutions, would have been sealed in the most important events next week.

Global Telecommunications Holdings (GTH) of Malaysia, which owns Malaysian telecom giant Maxis - the potential buyer of the 25.3 percent stake in Sri Lanka Telecom (SLT) -, is insisting on full management control including the handling of finances of SLT, informed sources said.