Author: lbostgadmin
” as death toll hits 27
Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]
Sri Lanka needs to focus on a better macro-economic policy matrix to face the challenges ahead
Though Sri Lanka badly needs higher levels of investment, to boost growth and reduce poverty, economists are warning that chronic macro-economic instability is hindering progress, with the deteriorating security situation also adding to the country’s woes.An appreciation of the real effective exchange rates, caused by adverse inflation differentials will eventually hurt domestic producers. High inflation […]
Plugged In
Global banking giant HSBC Group opened its US$ 31 million call centre operation in Sri Lanka Tuesday, as local financial markets dived on news that seven soldiers had died following early morning landmine explosion in the North.Global banking giant HSBC Group opened its US$ 31 million call centre operation in Sri Lanka Tuesday, as local […]
Pumping Money
NEW DELHI, Dec 5 (AFP) – The chairman of Intel, the world’s largest chipmaker, said Monday the company planned to invest more than one billion dollars to expand in India in the next five years, a news report said.NEW DELHI, Dec 5 (AFP) – The chairman of Intel, the world’s largest chipmaker, said Monday the […]
Please Intervene
The mother of one of the three Sri Lankans facing execution in Saudi Arabia has appealed to the newly elected Sri Lankan President to intervene to obtain clemency, after learning that the sentences may be carried out at any time.The mother of one of the three Sri Lankans facing execution in Saudi Arabia has appealed […]
‘s Hemas Holdings checks out of Lihiniya Surf
Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Around 4.3 million shares held […]
Bond yields rise
Sri Lanka’s bond market lost ground on Tuesday and continued to rise stealthily at this week’s auction, as a landmine explosion in northern Jafffna killed seven soldiers. Sri Lanka’s bond market lost ground on Tuesday and continued to rise stealthily at this week’s auction, as a landmine explosion in northern Jafffna killed seven soldiers. The […]
Aid scramble wasting Sri Lanka tsunami relief, think-tank says
International and local charities have wasted aid money meant for tsunami relief and slowed reconstruction efforts in Sri Lanka, an independent think-tank said Thursday.International and local charities have wasted aid money meant for tsunami relief and slowed reconstruction efforts in Sri Lanka, an independent think-tank said Thursday. The Institute of Policy Studies (IPS) asked the […]
Sri Lanka army warns Tamil Tigers as bloody attacks spike
Sri Lanka’s outgoing army chief on Monday accused Tamil Tiger rebels of trying to provoke the military with a series of truce-breaking attacks that killed 12 people over the weekend. Sri Lanka’s outgoing army chief on Monday accused Tamil Tiger rebels of trying to provoke the military with a series of truce-breaking attacks that killed […]
Bill This Too
Cellular giant, Dialog Telekom will tap the “on the way home” supermarket chain, to allow its 400,000 post paid customer base to pay their phone bills along with their shopping beginning Monday.Cellular giant, Dialog Telekom will tap the “on the way home” supermarket chain, to allow its 400,000 post paid customer base to pay their […]
Price of Work
Remittances from Sri Lankans working abroad will reach US$ 1.7 billion this year compared to US$ 1.5 billion last year but is it a net gain?Remittances from Sri Lankans working abroad will reach US$ 1.7 billion this year compared to US$ 1.5 billion last year but is it a net gain? Given the high use […]
Discount
The EU parliament agreed last week to pass laws to allow European companies over ride drug patents, for developing countries in need.The EU parliament agreed last week to pass laws to allow European companies over ride drug patents, for developing countries in need. The patent override is possible only by European companies, through a special […]