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The World Bank agrees to support the E-Sri Lanka programme, to bridge the island’s digital divide, with a US$ 53 mn credit package.The World Bank agrees to support the E-Sri Lanka programme, to bridge the island’s digital divide, with a US$ 53 mn credit package. The World Bank on Tuesday approved a US mn credit […]
Wiring Sri Lanka
The World Bank late Tue approved US$ 53 mn to roll out the e-Sri Lanka project, which aims to bridge the digital divide in Sri Lanka.The World Bank late Tue approved US$ 53 mn to roll out the e-Sri Lanka project, which aims to bridge the digital divide in Sri Lanka. Rolled out through the […]
Rural Reach
Telco experts from the Commonwealth say more rural initiatives are needed to bridge the digital and economic divide with urban neighbourhoods.Telco experts from the Commonwealth say more rural initiatives are needed to bridge the digital and economic divide with urban neighbourhoods. Telco experts from the Commonwealth say more rural initiatives are needed to bridge the […]
Watershed
In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . In a compromise with its new coalition partners, the Ceylon Workers Congress (CWC), the Government has agreed to water down its Upper Kotmale Hydropower Plant . The compromise is […]
ADB keeps Lanka’s growth figures intact, but says oil shocks and erratic weather patterns is fanning inflation
The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and erratic weather conditions is fanning inflation in the South Asian region. The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and […]
Central Bank mulls guidelines for primary dealers on how they should present their financial statements
The Central Bank’s Public Debt Dept., is contemplating issuing guidelines to primary dealers on how they should present their financial statements. The Central Bank’s Public Debt Dept., is contemplating issuing guidelines to primary dealers on how they should present their financial statements. Primary dealers’ who are the market makers for government debt, currently have to […]
Additional one rupee cess on made teas to fund replanting in estates
A draft Cabinet paper to allow the Tea Board to slap on an additional one rupee cess on made teas will be presented to policy makers shortly.A draft Cabinet paper to allow the Tea Board to slap on an additional one rupee cess on made teas will be presented to policy makers shortly. The additional […]
Biz Extensions
John Keells Holdings (JKH) could enter the Business Process Outsourcing (BPO) industry, leveraging its competencies in financial and information management and project implementation.JKH just deployed the mySAP ERP solution, an enterprise resource planning module that has under a first phase project, integrated the financial information and business intelligence of some 70 business units within the […]
Keep Guessing
Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise.Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise. The Public Utilities Commission (PUC) says it was not consulted on the […]
Changing Tide
Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow.Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow. Jayasundara told […]