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Giving Up
Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will re-draw the reform plan.Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will […]
Partial Blackouts
Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants including AES Kelanitissa off the grid shortly, resulting in rotating blackouts around the island.Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants […]
Ridding Year 1 school admissions of corruption and influence
Ridding Year 1 school admissions of corruption and influence 1.0 Introduction Getting a child into Year 1 of school, government or private, has become a traumatic and unpleasant event. Principals are being arrested for taking bribes, court cases are being launched, parents stand in line through the night, and children are being coached to lie […]
Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years
Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years. Commercial Bank of Ceylon bought up Rs. 250 mn worth of securitised paper locking returns up to four years. Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days […]
Good Harvest
The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth in key performance indicators in the first quarter of 2005, despite the adverse effects on its exchange profits by the post-tsunami appreciation of the Rupee against the US Dollar. The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth […]
Scuttle It
Sri Lankan nationalists Friday warned they will step up protests against a proposed government deal with Tamil rebels for the distribution of tsunami aid amid fears for the shaky ruling coalition. Sri Lankan nationalists Friday warned they will step up protests against a proposed government deal with Tamil rebels for the distribution of tsunami aid […]
Phone Bills
A Bill allowing the Government to claim part of international incoming call revenues was to be endorsed this week allowing the legislature to collect up to 0.038 US cents from telecos’ terminating over seas calls on local networks.A Bill allowing the Government to claim part of international incoming call revenues was to be endorsed this […]
Ridding Year 1 school admissions of corruption and influence
Ridding Year 1 school admissions of corruption and influence 1.0 Introduction Getting a child into Year 1 of school, government or private, has become a traumatic and unpleasant event. Principals are being arrested for taking bribes, court cases are being launched, parents stand in line through the night, and children are being coached to lie […]
Backfired
Largely JVP led unions refuse to consider an alternate reform model for the loss making Electricity Board, rejecting the new Cabinet paper that was passed on Wednesday.Largely JVP led unions refuse to consider an alternate reform model for the loss making Electricity Board, rejecting the new Cabinet paper that was passed on Wednesday. The now […]
Plugging Leaks
Ceypetco is pinning hopes on extended supplier credit from Malaysia and formula adjusted prices to plug a Rs.5.5 bn hole in the first 4 months this year.Ceypetco is pinning hopes on extended supplier credit from Malaysia and formula adjusted prices to plug a Rs. 5.5 bn hole in the first 4 months this year. The […]