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Singer throws a private party
Singer (Sri Lanka) Ltd is raising up to Rs. 400 million in debt through a private placement, the consumer goods retailer said Monday. Singer (Sri Lanka) Ltd is raising up to Rs. 400 million in debt through a private placement, the consumer goods retailer said Monday. The unlisted issue, which carries tenures of three and […]
Worry Lines
Environmental conservation groups say the Sethusamudram project, which is set to dredge a continuous navigable route through the Gulf of Mannar and the Palk Strait to link the Indian west coast with its east, can threaten both the fragile ecosystems in that area and the livelihood of those depending on it. Environmental conservation groups say […]
Slow Coach
Corruption and inefficiency continue to plague tsunami aid efforts in Sri Lanka nine months after the disaster, the country’s auditor-general said Sunday.Corruption and inefficiency continue to plague tsunami aid efforts in Sri Lanka nine months after the disaster, the country’s auditor-general said Sunday. Auditor-General Sarath Mayadunne said accounting and administrative systems were not established immediately […]
What Next?
Governments loosen the fiscal purse strings when elections are around the corner. Higher spending to create more jobs and raise salaries is common in the run up to elections. Governments loosen the fiscal purse strings when elections are around the corner. Higher spending to create more jobs and raise salaries is common in the run […]
‘s Clothing
The United Nations whacked the European Union’s trade rules as ‘protectionist’, with tough eligibility requirements effectively shutting out poor countries.The United Nations whacked the European Union’s trade rules as ‘protectionist’, with tough eligibility requirements effectively shutting out poor countries. The EU has come most under attack for its tough Rules of Origin criteria, which specifies […]
Aim to Serve
South Asian countries want more work visas in developed countries through world trade talks.South Asian countries want more work visas in developed countries through world trade talks. South Asian countries say world trade talks can help solve labour disparities by providing low cost, low skilled labour to fill labour gaps in developed countries. “At the […]
Tough Call
UNITED NATIONS, Sept 26 (AFP) – The race to fill the shoes of UN Secretary General Kofi Annan is gaining pace amid growing consensus that an Asian should take over when the Ghana native stands down at the end of next year.UNITED NATIONS, Sept 26 (AFP) – The race to fill the shoes of UN […]
At Sea
MANALKADU – Fishermen who survived the tsunami in this small village in northern Sri Lanka are no longer in the same boat — some have their own, the rest wish that they did.MANALKADU – Fishermen who survived the tsunami in this small village in northern Sri Lanka are no longer in the same boat — […]
Tri Call
Payphone operator Tritel, has become the fourth player to pick up a CDMA, or a low cost wireless communications license on Monday, officials said.Payphone operator Tritel, has become the fourth player to pick up a CDMA, or a low cost wireless communications license on Monday, officials said. “Tritel has been given the facility to use […]
‘s Got the Power?
Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General Manager for his conduct.Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General […]