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Big CRIB
Sri Lanka’s Credit Information Bureau (CRIB) is to expand its services to include factoring, non-bank and non-financial providers of credit, officials said Wednesday.Sri Lanka’s Credit Information Bureau (CRIB) is to expand its services to include factoring, non-bank and non-financial providers of credit, officials said Wednesday. Presently, CRIB maintains credit records for banks and finance companies, […]
Agriculture support services makeup over half of rural GDP
An ADB/World Bank study has found that agriculture support services makeup over half of rural GDP and household incomes. An ADB/World Bank study has found that agriculture support services makeup over half of rural GDP and household incomes. The previously overlooked non-agro sector which included transport and trading activities is estimated to contribute as much […]
Spring Cleaning
The United States said Tuesday it is funding the clean up of tsunami debris from a lagoon in eastern Sri Lanka, which is known among locals for its singing fish.The United States said Tuesday it is funding the clean up of tsunami debris from a lagoon in eastern Sri Lanka, which is known among locals […]
Thrown Out
The Board of Investment is trying to spin off its infrastructure procurement arm – the Bureau of Infrastructure Investment (BII) for easier administration.The Board of Investment is trying to spin off its infrastructure procurement arm – the Bureau of Infrastructure Investment (BII) for easier administration. The BII – essentially a procurement agency for large state […]
Tigers free policeman seized in eastern Sri Lanka
Tamil Tiger rebels Tuesday freed a policeman they had seized in the island’s embattled eastern province but another officer detained by the rebels was found dead, local military officials said.Tamil Tiger rebels Tuesday freed a policeman they had seized in the island’s embattled eastern province but another officer detained by the rebels was found dead, […]
Peep at P-TOMS, what they say
P-TOMS will generate more than international goodwill for Sri Lanka, says the World Bank.P-TOMS will generate more than international goodwill for Sri Lanka, says the World Bank. “The existence of the mechanism would generate more support for Sri Lanka that would not have come in, in its absence,” said World Bank country head, Peter Harrold […]
Don’t politicise tsunami aid, warns Sri Lanka Tamil leader
KILINOCHCHI, Sri Lanka, (AFP) – Tamil Tiger rebels asked Sri Lanka Sunday not to “politicise” tsunami relief, but said working with Colombo to distribute foreign aid could help build confidence among the warring parties.KILINOCHCHI, Sri Lanka, (AFP) – Tamil Tiger rebels asked Sri Lanka Sunday not to “politicise” tsunami relief, but said working with Colombo […]
US asks Sri Lanka’s warring parties to strengthen truce after aid deal
The United States asked Sri Lanka’s government and Tamil Tiger rebels Monday to strengthen a fragile truce between them after they entered into a controversial deal to share aid pledged after the tsunami.The United States asked Sri Lanka’s government and Tamil Tiger rebels Monday to strengthen a fragile truce between them after they entered into […]
Bitter Pill
Sri Lanka’s ongoing political instability, poor infrastructure and limited access to capital are choking the country’s investment climate, a joint study by the Asian Development Bank and World Bank said.Sri Lanka’s ongoing political instability, poor infrastructure and limited access to capital are choking the country’s investment climate, a joint study by the Asian Development Bank […]
Coastal buffer zones keep tsunami survivors at bay
HIKKADUWA, Sri Lanka,(AFP) – The waterfront restaurant at the entrance to this Sri Lankan coral sanctuary survived the Asian tsunami but six months later its owner is struggling to keep his nose above water because a new “buffer zone” law prevents him from rebuilding.HIKKADUWA, Sri Lanka,(AFP) – The waterfront restaurant at the entrance to this […]