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Partner Wanted
HNB Assurance is on the look out for a foreign partner to spruce up its general insurance business.HNB Assurance is on the look out for a foreign partner to spruce up its general insurance business. “The challenge now is to find a partner to support us in general insurance,” said Manjula de Silva, CEO, HNB […]
Do it Gingerly
Farmers’ contribution to the economy has been falling as industries and service sector businesses take over. Farmers’ contribution to the economy has been falling as industries and service sector businesses take over. Agriculture accounts for one fifth of the economy despite half the population depending on it for a living.Farmers are poor because they can’t […]
Foreign donors put Sri Lanka on notice amid war fears
International donors are warning the Sri Lankan government that it risks returning to war if it does not overcome opposition from coalition allies and resume peace talks with Tamil Tiger rebels, analysts and diplomats said.International donors are warning the Sri Lankan government that it risks returning to war if it does not overcome opposition from […]
World Bank warns that Sri Lanka’s short election cycles and populist policies may turn the island into a banana republic
A multilateral lender has warned that Sri Lanka’s increasingly short election cycles and populist policies are threatening to turn the island into an unstable Latin American-style republic. A multilateral lender has warned that Sri Lanka’s increasingly short election cycles and populist policies are threatening to turn the island into an unstable Latin American-style republic. “The […]
Central Bank forecasts 6% GDP next year
Sri Lanka’s economy could grow 6.0% in 2005 on a continued cease-fire between government troops and rebel forces, an easing of a drought that hurt agriculture this year and lower crude oil prices, said the central bank’s governor, Sunil Mendis.Sri Lanka’s economy could grow 6.0% in 2005 on a continued cease-fire between government troops and […]
Quick End
A Cathay Pacific flight was diverted to Sri Lanka Friday to seek emergency medical help for a Japanese woman who was declared dead on arrival in hospital after suffering a blood clot, officials said.A Cathay Pacific flight was diverted to Sri Lanka Friday to seek emergency medical help for a Japanese woman who was declared […]
Play Truant
Some 531 errant companies have not sent their financial statements for scrutiny says Sri Lanka’s accounting and auditing watchdog. Some 531 errant companies have not sent their financial statements for scrutiny says Sri Lanka’s accounting and auditing watchdog. Sri Lanka Accounting & Auditing Standards Monitoring Board (SLAASMB) in statement Friday said a recent investigative study […]
Hard to Understand
In a country that touts ‘free education’, but where its Central Bank estimates over Rs.5 bn is spent on private tuition at primary and secondary levels, the number of students that master key subjects remain humiliatingly small.In a country that touts ‘free education’, but where its Central Bank estimates over Rs. 5 bn is spent […]
Fears rise for Sri Lanka peace process as Norway fails to end deadlock
A top Norwegian envoy who failed in his latest effort to revive Sri Lanka’s peace talks has warned both parties to honour a truce or risk a return to full-scale war, diplomats said Friday.A top Norwegian envoy who failed in his latest effort to revive Sri Lanka’s peace talks has warned both parties to honour […]
Sri Lankan, Mistaken As American, Faces Terror In Iraq
Day after day, locked in a cement room somewhere in Iraq, the hooded men beat him.They told him he would be beheaded.“Ameriqi!” they shouted, even though he comes from this poor Sri Lankan fishing village.Day after day, locked in a cement room somewhere in Iraq, the hooded men beat him. They told him he would […]