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Double-Edged
One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of aid.The question remains how the billions of dollars can be used in the long-term to reconstruct shattered lives.One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of […]
Big Step
Ceylinco Consolidated, the leading corporate group in Sri Lanka, has tied up with Shriram Properties Ltd to develop commercial and housing properties in Bangalore and Chennai.Ceylinco Consolidated, the leading corporate group in Sri Lanka, has tied up with Shriram Properties Ltd to develop commercial and housing properties in Bangalore and Chennai. The Colombo-based conglomerate and […]
Government aid package for families that lost their homes
The government is doling out up to US$ 500 each for 40,000 families whose homes were completely destroyed by the tsunami.The government is doling out up to US$ 500 each for 40,000 families whose homes were completely destroyed by the tsunami. The government proposes to allocate US$ 200 and a cash advancement of US$ 300 […]
The Millennium Challenge Corporation is looking at supporting Sri Lanka’s tsunami reconstruction.
The Millennium Challenge Corporation(MCC) – the US body established to assist developing countries – is looking at supporting Sri Lanka’s tsunami reconstruction.The Millennium Challenge Corporation(MCC) – the US body established to assist developing countries – is looking at supporting Sri Lanka’s tsunami reconstruction. The MCC says Sri Lanka can apply for assistance from its billion-dollar […]
On the Road
An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding.An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding. “We have identified and submitted to the government, long term road development projects, for donor funding,” […]
Closing In
Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue.Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue. The blanket tax amnesty granted in 2003 is no longer valid and the taxmen are closing in on tax evaders. One way […]
Heavy Bag
Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at billion, with a bulk of the money needed for housing, fishing boats and water supply facilities.Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at $2 billion, with a bulk of the money needed for […]
Peacebroker Norway ends a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels
Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid.Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid. The last […]
Asian Dollars
In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets in the tsunami that struck Sri Lanka’s eastern coastline on 26 December.In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets […]
PFI margin up
The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses.The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses. The Bank earlier said commercial banks would get 1 percent for intermediation cost for […]