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Wrong Turn
Indian based Ashok Leyland says it plans to turn empty space at its local factory into a service centre, with as much as 50 percent of its current capacity lying idle.Indian based Ashok Leyland says it plans to turn empty space at its local factory into a service centre, with as much as 50 percent […]
Tsunami victims cant rebuild because banks want lost documents
Sri Lankan tsunami victims suffocating in bureaucracy with no say in their future.Sri Lankan tsunami victims suffocating in bureaucracy with no say in their future. A survey by the Institute of Policy Studies (IPS) shows that despite many government sponsored livelihood rehabilitation schemes, tsunami victims in Sri Lanka can’t access money to rebuild their lives. […]
Talk shows and googling monkeys: Effective political discourse in the Information Age
The Nobel Laureate economist Robert Solow famously proclaimed that “you can see the computer age everywhere but in the productivity statistics.” Along the same lines, one may say that the information age is present everywhere except in the political discourse of our time. There is no debate that productivity matters. Countries, regions within countries and […]
Sri Lanka moves closer to maiden foreign bond
The Sri Lankan government is closer to launching a maiden bond issue in international debt markets than at anytime in recent years. The Sri Lankan government is closer to launching a maiden bond issue in international debt markets than at anytime in recent years. Some market participants say the offering, which would refinance the government’s […]
Tea Auction Update: CTC tea prices pick up
CTC tea prices are picking up again after a four month lull, with winter buying nearing and quality levels improving. Sri Lanka’s long April and May holiday season is blamed, which annually contributes to a quality drop and a subsequent backlog of made teas.CTC tea prices were at Rs. 154 at this week’s auction, down […]
Who Cares?
Central Bank on right track; Treasury caught lying! Those of you regular readers might recall my congratulatory message to the Central Bank a couple of months back for standing their ground and tightening monetary policy at long last. Central Bank on right track; Treasury caught lying! Those of you regular readers might recall my congratulatory […]
Dial Up
Singapore Telecom’s local venture on Wednesday rolled out retail internet solutions, building up for potential growth in Sri Lanka’s IT market.Singapore Telecom’s local venture on Wednesday rolled out retail internet solutions, building up for potential growth in Sri Lanka’s IT market. LankaCom however says regulatory and a lack of access to fixed line operators infrastructure […]
Colombo Stock Exchange tours Australia
The Colombo Stock Exchange will go on tour to Australia and New Zealand, trying to convince potential investors to cash in on Asia’s best performing market. The Colombo Stock Exchange will go on tour to Australia and New Zealand, trying to convince potential investors to cash in on Asia’s best performing market. The Investor Road […]
Sri Lanka hopes to keep budget gap below 9%
The Sri Lankan government expects its budget deficit to be less than 9% of gross domestic product in 2005, helped by steady revenue growth, the country’s treasury secretary said Wednesday.The Sri Lankan government expects its budget deficit to be less than 9% of gross domestic product in 2005, helped by steady revenue growth, the country’s […]
Sri Lanka takes stock on total debt profile
Sri Lanka hopes to use its upcoming sovereign rating to retire some old expensive foreign currency debt and streamline its borrowing programme, Treasury Secretary said Wednesday. Sri Lanka hopes to use its upcoming sovereign rating to retire some old expensive foreign currency debt and streamline its borrowing programme, Treasury Secretary said Wednesday. The island nation […]