Author: lbostgadmin
Off Duty Nurse
Jan 23 (LBO) -Nurses in Sri Lanka’s public health service are threatening trade union action, over a salary increase anomaly.Jan 23 (LBO) -Nurses in Sri Lanka’s public health service are threatening trade union action, over a salary increase anomaly. Nurses’ trade unions in government hospitals say salary increases for nurses are well below increase given […]
Sri Lanka offers compromise as Norway moves to save peace bid
Jan 22. (AFP) – Sri Lanka on Sunday offered a compromise to end a deadlock in peace moves with Tamil rebels when a Norwegian envoy visits this week, following violence that has claimed 140 lives in two months.The government said it was ready to make concessions on a venue for talks when Norway’s International Development […]
India shares tips to combat inflation
A top Indian economist said the Indian experience in dealing with inflation is a model for Sri Lanka.A top Indian economist said the Indian experience in dealing with inflation is a model for Sri Lanka. He says there are many similarities between Sri Lanka’s current macro indicators and those of India in the mid-nineties. Since […]
LIOC Woes
The Treasury Secretary disputed subsidy claim by Lanka IOC (LIOC), fuel retailer, which is owed over Rs.7 billion despite a bullish report on the company earlier in the week by a stock analyst. The Treasury Secretary disputed subsidy claim by Lanka IOC (LIOC), fuel retailer, which is owed over Rs. 7 billion despite a bullish […]
Sloppy Efforts
NGOs charged that lack of coordination by one central agency was slowing down reconstruction after the tsunami. NGOs charged that lack of coordination by one central agency was slowing down reconstruction after the tsunami. Although government set up TAFREN which is now called RADA to be the main body helping reconstruction it does not maintain […]
Extra Eyes
Chief Financial Officers or CFOs are in the dog house after the spectacular collapse of large US and European corporations in recent years.CFO�s have been hauled before courts to face criminal charges for falsifying financial statement. Jeremy Hope, a financial expert who addressed CIMA members in Colombo said CFO�s are seen as the last line […]
‘s foreign bond plans
Market players were sceptical about government’s ability to rise up to a billion dollars internationally due uncertainty in the economic and security fronts. Market players were sceptical about government’s ability to rise up to a billion dollars internationally due uncertainty in the economic and security fronts. Treasury Secretary P B Jayasundera said on Friday that […]
Water Boost
Jan 21 (LBO) – Sri Lanka’s power utility is heading into the dry season with its reservoirs full, translating into savings on expensive thermal bills and no power shortages on the cards. Last week, Victoria, the country’s largest reservoir, spilled for the first time in over five years, and water levels are topping 80 percent […]
Rival Bid
Jan.21 (LBO) — Aviva, UK’s largest insurance giant’s serious interest in Eagle Insurance, is said to have triggered Friday’s unsolicited bid by John Keells Holdings and Carsons for a controlling stake in the small insurance firm, market sources said. Jan.21 (LBO) — Aviva, UK’s largest insurance giant’s serious interest in Eagle Insurance, is said to […]
Fitch rates DFCC Bank AA (sri)
Jan.20 (LBO) — Sri Lanka’s DFCC Bank retained its AA (sri) rating from Fitch Ratings Lanka Limited, for its senior unsecured long-term debt, the rating agency said Friday. Jan.20 (LBO) — Sri Lanka’s DFCC Bank retained its AA (sri) rating from Fitch Ratings Lanka Limited, for its senior unsecured long-term debt, the rating agency said […]
Sri Lanka vows talks amid bombs, Norway plays down hopes
Jan. 19 (AFP) – Four people were killed and 40 wounded in bomb attacks in Sri Lanka as Colombo vowed “every endeavour” to revive peace moves, while a top Norwegian envoy played down hopes of a breakthrough.Jan. 19 (AFP) – Four people were killed and 40 wounded in bomb attacks in Sri Lanka as Colombo […]
Coal Options
Jan 20 (LBO) – Work on Sri Lanka’s first 300 MW coal plant is to start in March with Chinese funding, regardless of political pressure, the government said Friday. Jan 20 (LBO) – Work on Sri Lanka’s first 300 MW coal plant is to start in March with Chinese funding, regardless of political pressure, the […]