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Sri Lanka’s decision making could put it out of service
Policy analysis must begin from a realistic assessment of where we are and what we are. We are a small island nation in South Asia, home to the world’s largest concentration of poor people.We are about the size of greater Mumbai, one city in India, in population and we may be smaller than Mumbai as […]
Called to Shore
Sri Lanka has asked the Asian Development Bank (ADB) to up a US$ 100 mn allocation to fund the Colombo south port to US$ 200 mn, nearly half of the estimated cost for the initial phase.Sri Lanka has asked the Asian Development Bank (ADB) to up a US$ 100 mn allocation to fund the Colombo […]
Tsunami destroyed hotels could bypass heavy compensation laws if they opt to layoff staff
Local hotels completely destroyed in the tsunami could plead a ‘frustrated contract’, to bypass heavy compensation laws and negotiate a settlement with workers.Local hotels completely destroyed in the tsunami could plead a ‘frustrated contract’, to bypass heavy compensation laws and negotiate a settlement with workers. The legal concept of frustration covers an external catastrophe, out […]
Fast Kill
Locals craving for fast foods, genetic disorders and pollution are tipped to make cardiovascular and asthma the next biggest ailment to hit Sri Lanka, an Indian drug maker said Wednesday. Locals craving for fast foods, genetic disorders and pollution are tipped to make cardiovascular and asthma the next biggest ailment to hit Sri Lanka, an […]
Spaced Out
The international narcotics watchdog wants governments to shut down unlicensed Internet pharmacies, to control the growing threat of Internet drug trafficking.The international narcotics watchdog wants governments to shut down unlicensed Internet pharmacies, to control the growing threat of Internet drug trafficking. “Several billion of doses of medicine are sold illicitly on the Internet per year, […]
‘s decision making could put it out of service
Policy analysis must begin from a realistic assessment of where we are and what we are. We are a small island nation in South Asia, home to the world’s largest concentration of poor people.We are about the size of greater Mumbai, one city in India, in population and we may be smaller than Mumbai as […]
Sri Lanka faces new crisis over tsunami deal with Tigers
A main Marxist party in Sri Lanka’s ruling coalition Wednesday issued a fresh warning to the government not to go ahead with a Norwegian-brokered deal with Tamil Tiger rebels to handle tsunami aid. The Marxist JVP, or People’s Liberation Front, which holds the balance of power in the 225-member parliament, said they opposed a “joint […]
Prime Cut
Fitch Ratings Lanka Ltd (FRL) assigns A+ (sri) for Singer Sri Lanka’s (SSL) proposed LKR300mn 2005/2009 debentures. Fitch Ratings Lanka Ltd (FRL) assigns A+ (sri) for Singer Sri Lanka’s (SSL) proposed LKR300mn 2005/2009 debentures. The agency also upgrades ratings assigned to SSL’s existing LKR204mn 2004/2008, LKR250mn 2004/2008 and LKR300mn 2002/2005 unsecured debentures to A+ (sri) […]
Laid Off
Plans to lay off private sector workers in Sri Lanka laid off, until the government works out how to finance unemployment insurance.Plans to lay off private sector workers in Sri Lanka laid off, until the government works out how to finance unemployment insurance. The Ministry of Labour gazetted its latest compensation formula to lay off […]
Call back
The telecom watchdog’s staff has taken the Regulatory Commission to court over a decision to reverse a salary increment given earlier this year.The telecom watchdog’s staff has taken the Regulatory Commission to court over a decision to reverse a salary increment given earlier this year. On Tuesday a case filed by three employee unions in […]