Author: lbostgadmin
Clear Run
The District Courts this week cleared Mercantile Leasing to merge with Nations Trust Bank with effect from January 2006.The District Courts this week cleared Mercantile Leasing to merge with Nations Trust Bank with effect from January 2006. Trading in Mercantile Leasing will be suspended from December 22, to push the merger and to allocate shares […]
Sri Lanka revised 2006 budget likely to have more welfare
A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to contain welfare measures and help for farmers. A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to […]
Sri Lanka is in danger of running short of tsunami reconstruction funds, even if the US$ 3.2 billion pledged aid is fully utilised
Sri Lanka’s tsunami reconstruction costs have jumped by about 60 percent and the island is in danger of running short of funds, even if the US$ 3.2 billion pledged aid is fully utilised, economists from the Institute of Policy Studies said Thursday.Sri Lanka’s tsunami reconstruction costs have jumped by about 60 percent and the island […]
59 Sri Lankans arrested on attempted US visa fraud
The US Embassy says 59 Sri Lankans were arrested this year so far, on attempted visa fraud. The US Embassy says 59 Sri Lankans were arrested this year so far, on attempted visa fraud. The US Embassy investigated 987 suspicious applications this year out of 13,000 immigrant and non-immigrant applications for US visa. “Some applicants […]
‘s Loaded!
Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s Commercial Bank.Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s […]
Don’t Kill
Amnesty International has renewed an appeal to grant clemency to three Sri Lankans who are under imminent threat of execution in Saudi Arabia.Amnesty International has renewed an appeal to grant clemency to three Sri Lankans who are under imminent threat of execution in Saudi Arabia. Amnesty International has renewed an appeal to grant clemency to […]
Ground Reality
Nearly one year after, Sri Lanka’s tsunami survivors are stewing in uncertainty while tsunami recovery stagnates in politics.Nearly one year after, Sri Lanka’s tsunami survivors are stewing in uncertainty while tsunami recovery stagnates in politics. One year into recovery, very little has changed. The duplication, confusion, corruption, political interference, poor communication and lack of consultation […]
Free On Board
National carrier SriLankan Airline’s cargo arm tied up with logistics operator Trico Maritime to handle its unaccompanied baggage operations.National carrier SriLankan Airline’s cargo arm tied up with logistics operator Trico Maritime to handle its unaccompanied baggage operations. SriLankan Cargo Chief Nalin Rodrigo said that the new Unaccompanied Passenger Baggage Handling Agent could bring SriLankan Cargo […]
Sri Lanka civil war could reverse tsunami recovery: Clinton
The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to rebuild after last year’s devastating tsunami.The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to […]
‘s inflation
Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]
‘ Guide
The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather switch shops than swap brands. The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather […]
Speed to Market
Logistics giant DHL expects double-digit growth next year, led by the apparel industry, but slower than expected growth in garments could stifle the momentum in a few years.Logistics giant DHL expects double-digit growth next year, led by the apparel industry, but slower than expected growth in garments could stifle the momentum in a few years. […]