All Blogs
Going Steady
The Central Bank on Wednesday said it will actively absorb liquidity from the financial markets to curb inflation in the coming months.The Central Bank on Wednesday said it will actively absorb liquidity from the financial markets to curb inflation in the coming months. The bank however left its key short term interest rate unchanged for […]
UK based Global Towers opens its flagship hotel on the coast, but says buffer zone could hold up Rs. 1.5 bn in new investment.
UK based entrepreneurs Global Lanka Holdings opened its flagship hotel in the heart of the city, but says the new 100 m buffer zone could hold up Rs.1.5 bn in future investment. UK based entrepreneurs Global Lanka Holdings opened its flagship hotel in the heart of the city, but says the new 100 m buffer […]
Wrong Doing
The Asian Human Rights Commission (AHRC) is urging the government to come up with alternatives for tsunami victims living in increasingly unbearable conditions in temporary shelters. The Asian Human Rights Commission (AHRC) is urging the government to come up with alternatives for tsunami victims living in increasingly unbearable conditions in temporary shelters. The Hong Kong […]
Disaster preparedness: Nanny State or respect for citizen choice?
One of the more interesting exchanges of the video news conference on a national all-hazards warning system for Sri Lanka held on the 10th of February was off the subject: a journalist asked the international participants (video linked from Hilo, Hawai’i and Vancouver, Canada) whether there were uniform 100 or 200 meter no-building zones in […]
Tourist arrivals in Feb slump 16 percent over last year, though emerging markets grow.
Tourist arrivals in February saw a 16 percent slump over last year at 36,000, as visiting relief workers go home and holiday makers’ trickle back.Tourist arrivals in February saw a 16 percent slump over last year at 36,000, as visiting relief workers go home and holiday makers’ trickle back. India continued to drive the numbers […]
Sick Note
Part of the postal department is planning a midnight sick-note campaign, opposing graduate appointments and privatization of 109 communication locales – the government’s idea of a modern post office.Part of the postal department is planning a midnight sick-note campaign, opposing graduate appointments and privatization of 109 communication locales – the government’s idea of a modern […]
Hot Line
Sri Lanka’s seven telecom operators took a Supreme Court injunction against the ICT Agency on Tuesday, halting a rural telecom network licensing process.Sri Lanka’s seven telecom operators took a Supreme Court injunction against the ICT Agency on Tuesday, halting a rural telecom network licensing process. The ICT Agency is currently taking in applications to pre-qualify […]
Slow Boat
A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south harbour project.A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south […]
Turn Off
Sri Lanka’s nine provincial councils will raise business turnover tax from one percent to five percent on “non-essential” commodities from April 1 to bolster their own revenue.Sri Lanka’s nine provincial councils will raise business turnover tax from one percent to five percent on “non-essential” commodities from April 1 to bolster their own revenue. The list […]
Hatton National Bank looks to securitise mortgage receivables
Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. HNB’s return on assets at 0.7 percent is among the lowest compared to indigenous banks […]