All Blogs
Ms. Nurse
The Ministry of Health hired 2,000 new nurses on Monday to ease pressure on public sector demand for trained nursing staff. The country has around 16,000 trained nurses working in the public health sector but there is an immediate shortage of around 5,600 nurses in government hospitals.rn rnThe new appointments will be absorbed by Sri […]
Pow-Wow
A Japanese envoy will meet with Tamil Tiger leaders in thernrebel-held town of Kilinochchi on Tuesday to discuss Sri Lankas efforts tornend a two decade civil war, an embassy official said.rnJapan is Sri Lankas largest aid donor and has joined diplomatic effortsrnto reach a final peace deal between the government and rebels since arnNorwegian-brokered cease-fire […]
Interesting News
Commercial Bank of Ceylon saw its earnings take a dip during the first quarter of 2004, largely due to losses from its primary dealer subsidiary and higher taxes.Group profits were down 6.9 percent to Rs. 319 mn for the three month period to March 31, from Rs. 343 mn reported during the same period 2003.rn […]
Study Hall
The Institute of Personnel Management (IPM) is trying to leverage growing local and regional interest in people management to position Sri Lanka as a human resource (HR) activities hub in the region. IPM will host its annual lquote HR Conference and Service Providers Exhibition at the BMICH on May 19th and 20th followed by the […]
Achilles Heel
Sri Lanka Telecom plans to send out the backlog of customer bills from the end of this month, but subscribers will be billed on a shorter cycle.SLTs new US$ 20 mn billing system went through technical glitches in its implementation stage, leaving over 800,000 customers chatting non-stop since last December.rn rnThe new system includes an […]
Bonding Asia
The Asian Development Bank (ADB) today launched AsianBondsOnline, a one-stop clearing house of information on the rapidly growing sovereign and corporate bond markets in the region.rnrnThe ABMI aims to enable private as well as public sectors to raise and invest long-term capital while effectively managing maturity and currency risks. rn rnDeep, liquid bond markets mitigate […]
Fire Fire!
The Insurance Board of Sri Lanka (IBSL) is studying the Sri Lankan industry and international practices to modernize and reform the insurance regulatory framework in the country.IBSL is trying to bring modern regulatory practices to an industry that has seen little regulatory supervision during the last half century.rnWhen the IBSL took over, there were concerns […]
The Bright Side
US policy towards South Asia might offer a window of opportunity for peace and economic prosperity in Sri Lanka.rn rnOn December 7, 1941 Japan attacked the Pearl Harbor and dragged America into World War II, which shook US foreign policy at its base.rnOut of the ashes of the World War II the United States and […]
Knock Knock
The Colombo Stock Exchange is seeking donor funds to kick-start the derivatives market.The Asian Development Bank (ADB) had earlier helped out with a consultant to study the possibility of introducing derivative trading through the CSE.rn rnWhile the consultants were of the view that the market was illiquid, they said that the introduction of tea futures […]
Jetlag
Tough competition from bus services plying the North and East routes and the expected slowdown in the number of Sri Lankan expatriates returning to catch a glimpse of their once time home could force local operators to absorb the increased cost of jet fuel and keep ticket prices at the current levels. A senor official […]