All Blogs
Lotus Eaters
The construction sector, which is a good indicator of economic activity, has been booming over the last year. However acquiring land for development remains a bottleneck to development in the construction sector.Experts say that freeing up and developing these lands would boost the economy while giving market-based values to the properties.rn rnThe Beira Lake remains […]
More Horsepower
The Government is giving Parliament more power to crack the whip on errant public institutions and corporations by strengthening the Parliamentary Public Accounts Committee.The committee will be given more ammunition to fire at State officials who delay accounts of Government institutions, Ministries and Corporations.rn rnThe Government has already put the committee under opposition leadership. rn […]
Donor Support
The World Bank said its funding for the North and East of the island could continue through an interim administration if the government so wished.The bank, which upped its aid package by a further US$ 200 mn, recently said that all disbursement agreements have been drafted in a way that will allow for changes in […]
Mop Up
Central Bank sold Rs. 1 billion of its Treasury Bill in the secondary market on Wednesday to mop up excess liquidity in the banking system.The Central Bank says around Rs.11 billion is in excess of which players say about Rs. 5 billion is permanently in excess.rn rnOf late money market players have parked about the […]
Joining Order
A fresh set of rules to govern telecom firm mergers is being floated within the industry for comment by August 6.The draft outlines how the telecom watchdog should respond to merger situation and how the merged operators should behave.rn rnInformation and infrastructure sharing, cross subsidisation and other practices that give the firs and unfair advantage […]
Big Push
As some of the Tokyo aid dollars begin to roll in, a top level government committee is looking at fast tracking some of the key infrastructure projects.Top among the list is a series of road networks that is aimed at spurring economic growth and creating new jobs.rn rnCabinet Spokesperson, Prof. G L Peiris says a […]
Toy Factory
Studies indicate that people around the world are having more sex, but with lower physical output – baby production is on the decline.Along with many other consequences like a fast ageing population, a number of industries depending on kids, are also set to suffer.rn rnThe global toy trade is among them. rn rnIn Sri Lanka, […]
Back In The Shell
Supreme Court on Wednesday reinstated Shell Gas Lankas stand and the Court of Appeal order to prevent competing firms from refilling its cylinders. The ruling overturns the Consumer Affairs Authority (CAA) order allowing cross filling of LPG cylinders.rn rnThe fresh ruling also makes it illegal for LPG traders ldblquote under threat of criminal prosecution dblquote […]
Asian Edition
Sri Lanka will play host to the first annual IT knowledge dissemination conference endash Networking South Asia later in July.Chairman of the Organising Committee, Dr.Gihan Dias says the conference aims to build links with regional Internet and allied service providers and to push through the latest thinking in the industry. rn rnIndustry sources say the […]
Aid Float
Sri Lankas cash float just got heavier, with the World Bank upping its aid from US$ 800 mn to US$ 1 bn over the next four years. rnldblquote For the next two years we are allowed to increase our commitment from US$ 200 mn a year to US$ 300 mn, taking the four year total […]