Author: lbostgadmin
Anchors Away
The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February.The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February. A visiting […]
Peace Advice
Jan. 29 (LBR) – Big business can do more to cement the peace process by focusing on weak links like human rights and promoting pluralism according to experts.Jan. 29 (LBR) – Big business can do more to cement the peace process by focusing on weak links like human rights and promoting pluralism according to experts. […]
High Power
Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to around Rs.11.00 a unit once an expensive diesel plant comes on line next year to shore up the crisis riddled energy sector according to an expert.Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to […]
Garbage In
Jan. 29 (LBR) – Municipal councils are inconsiderate and residents are dumping garbage as the city struggles with managing large amounts of waste. Jan. 29 (LBR) – Municipal councils are inconsiderate and residents are dumping garbage as the city struggles with managing large amounts of waste. Dumping in wetlands and open fields has not only […]
Warning from the sky
Jan. 29 (LBR) – A Sri Lankan research organisation is deploying a satellite dependent early warning system to warn people about natural disasters like tsunamis and cyclones. Jan. 29 (LBR) – A Sri Lankan research organisation is deploying a satellite dependent early warning system to warn people about natural disasters like tsunamis and cyclones. Once […]
Social Constraints
Sri Lankan architects say post-tsunami reconstruction has ignored the coastal community’s social makeup and small neighbourhood lifestyles.Sri Lanka Institute of Architects President Rukshan Widyalankara says the island’s population live in a small neighbourhood setup, with each household establishing its “status” through the size, structure and contents of their homes. “Neighbourhoods thrive on the concept of […]
Thrice Lucky
The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan.The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan. […]
Crowded Space
World Intellectual Property Organisation (WIPO) reports a 20 percent jump in action against cybersquatting but Sri Lankan companies still not defending their names in cyberspace.World Intellectual Property Organisation (WIPO) reports a 20 percent jump in action against cybersquatting but Sri Lankan companies still not defending their names in cyberspace. WIPO says 1,456 cases were filed […]
Galadari Hotels to convert long standing debt, to equity
Sri Lankan five star city hotel Galadari Hotels Limited, will seek shareholders approval to convert part of two long standing loans, to equity.Sri Lankan five star city hotel Galadari Hotels Limited, will seek shareholders approval to convert part of two long standing loans, to equity. In a statement to the Colombo Stock Exchange (CSE) the […]
Sri Lanka welcomes peace moves as president wins support with defections
Jan. 25 (LBO) ? Sri Lanka Wednesday welcomed moves to restart peace talks with Tamil Tiger rebels next month as two opposition lawmakers defected to strengthen President Mahinda Rajapakse?s government. Jan. 25 (LBO) ? Sri Lanka Wednesday welcomed moves to restart peace talks with Tamil Tiger rebels next month as two opposition lawmakers defected to […]
Escaping fiscal dominance key to lowering inflation in India: RBI economist
Mar 26, 2006 (LBO) – Sri Lanka’s central bank has to gain independence from the treasury, if it is to bring down inflation and protect the poor, a top Indian economist said. . Until the balance of payments crisis in the early 90’s forced the Indian government to open the economy and undertake major reforms, […]
Congestion becomes a hot topic as Sri Lanka’s telecom sector goes through another growth spurt.
Every time the telecom sector goes through a growth spurt in Sri Lanka, congestion becomes a topic of conversation.People begin to grouse that the companies are cheating the customers by giving them telephones but not the ability to make calls.Every time the telecom sector goes through a growth spurt in Sri Lanka, congestion becomes a […]