All Blogs
Return of the Pharaohs
Central Bank has drafted new laws to combat pyramid schemes that are mushrooming around the country.Pyramid schemes use the same structure as multi-level marketing (MLM) where one entrant is required to bring in two or more recruits by the sale of a product or a voucher.rn rnBut Sri Lanka does not yet have specific provisions […]
Scouting Trip
A delegation from the Millennium Challenge Corporation (MCC) will be in town next week, to weigh Sri Lankas eligibility for assistance from the Millennium Challenge Account (MCA). A delegation from MCC will visit Sri Lanka from June 1- 5, the US Embassy said Friday.rn rnThe MCC is a U.S. Government corporation created in January, to […]
Chef De Plane
SriLankan Airlines Catering will tap the market for US$ 22.5 million to fund its new in-flight catering kitchen in Katunayake.A Commercial Bank led consortium is to finalise the borrowing plan, repayable over seven years, SriLankan Catering CEO Dilip Nijhawan told Lanka Business OnlineThe automated kitchen will cost a total of about US$ 25 million and […]
Have Courage
The ADB says it is watching the economic management of Sri Lanka with much interest and called for lquote efficiency in economic management and lquote courage in policy making. rnrnVisiting ADB Vice President Mr Liqun Jin said the ADB would like to see ldblquote efficiency in economic management and courage in policymaking in Sri Lanka, […]
Mind Your Manners
The Labour Minister will start a workers trade union school to change attitudes of employers and employees to foster better working relations.Sri Lanka lost around 87,000 man-days to strikes during 2003, while a number of strikes have already taken place within the five months of this year, mostly among essential services in the public sector.rn […]
Critical Update
The first in a series of Microsoft organised workshops to upgrade IT awareness in Sri Lanka got off this month. Microsoft Country Manager for Sri Lanka Sriyan de Silva Wijeyeratne says the software giant would be rolling out a series of workshops in Colombo and in rural areas with very low IT penetration.rn rnSpecial emphasis […]
Pow Wow
US Deputy Secretary of State Richard L Armitage will travel to Brussels May 31 to June 2, 2004 for consultations with fellow donor co-chairs of the Tokyo Conference on Reconstruction and Development of Sri Lanka on the current status of the peace process in Sri Lanka.Other participants will represent the governments of Norway, Japan and […]
Aid Tied Down
An international donors meeting on Sri Lanka next week is expected to push for a resumption of peace talks between Colombo and Tamil Tiger rebels, the US State Department said.rnThe meeting in Brussels will be among Norway, Japan, the European Union and the United States, which are leading efforts to drum up financial aid for […]
Chit Chat
Norways top peace-broker met with a Tamil Tiger rebelrnleader Wednesday in the latest effort to revive stalled peace talks betweenrnthe guerrillas and the Sri Lankan government, the Associated Press reports.rn The government has sent the Tigers a proposed agenda for talks and thernrebels were expected to give a response to the document during their meeting […]
Comfort Zone
Leasing specialist, Ceylease Financial Services, has secured a BBB-(sri) national rating for its long term senior debt, from Fitch Ratings Lanka.A BBB-(sri) or triple B minus rating denotes a low expectation of credit risk. It reflects the firms ability to meet timely payments, but its exposure to external economic changes may impair this capacity, Fitch […]