All Blogs
Is corporate governance in South Asia a case of putting the cart before the cow?
Is corporate governance in South Asia a case of putting the cart before the cow? Is corporate governance in South Asia a case of putting the cart before the cow? All of us that live in the region know that things are different in South Asia. To being with most of us know carts and […]
‘s galloping inflation
Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push the country to war to distract the people.Sri Lanka’s opposition United National Party says the budget has poured petrol to the country’s galloping inflation, and the government may have to push […]
Extra Mile
Trishaw owners have become a privileged lot, first fuel subsidies and tax cuts from the government and now individual attention from Peoples Bank.Trishaw owners have become a privileged lot, first fuel subsidies and tax cuts from the government and now individual attention from Peoples Bank. The bank says there are 200,000 registered three wheelers, with […]
Fire Power
The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka.The government to subsidise the first 50 MW of dendro power to popularise dendro energy in Sri Lanka. “The government will support the first 50 MW of pioneering dendro developers,” said Harsha Wickramasinghe, Project Director, Energy Conservation Fund. […]
Peace hopes dim as Sri Lanka rejects Tiger demand
Sri Lanka’s peace hopes have hit rock bottom after Colombo rejected rebel demands and pushed the embattled nation closer to a resumption of war, analysts said Thursday.Sri Lanka’s peace hopes have hit rock bottom after Colombo rejected rebel demands and pushed the embattled nation closer to a resumption of war, analysts said Thursday. The government […]
Sri Lanka currency weakens to more than 200 against the pound
Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri Lanka said Wednesday. Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri […]
Drip Aid
Sri Lanka signed up for Rs. 26.1 bn worth of concessional aid from Japan to promote economic stabilization and development, the Finance Ministry said Wednesday.Sri Lanka signed up for Rs. 26.1 bn worth of concessional aid from Japan to promote economic stabilization and development, the Finance Ministry said Wednesday. The loans will carry a concessional […]
Drain Gain
Brain drain has its upside says a new UN Economic and Social Survey, contributing generously to a developing countries external reserves.Brain drain has its upside says a new UN Economic and Social Survey, contributing generously to a developing countries external reserves. Sri Lanka’s private remittance adds up to about 7.75% of GDP, ranking it with […]
Gem Float
The Ceylinco group got another foot into the local gem and jewellery industry by floating a new company to finance gem trading and mining. The Ceylinco group got another foot into the local gem and jewellery industry by floating a new company to finance gem trading and mining. “We will not be competing with the […]
Cozy Union
India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run company Ceylon Petroleum Corp. to take up exploration in Southern India’s Cauvery basin, reports the Economic Times newspaper Tuesday India’s state-run Oil & Natural Gas Corp. is planning to form a joint venture with Sri Lankan state-run […]