Author: lbostgadmin
‘s Child
Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, under estimating of reconstruction cost and political interference according to a study.Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, […]
Off the Shelf
Sri Lankan shoppers buy the same sort of items and brands irrespective of whether they shop in a plus super market or the neighborhood corner store. Sri Lankan shoppers buy the same sort of items and brands irrespective of whether they shop in a plus super market or the neighborhood corner store. Market research firm […]
Help the Farmer
Freer trade is increasingly seen as a means of achieving economic growth and alleviating poverty.But liberalizing agriculture is difficult in regions like South Asia where around 70 percent of its population depend on it for a living.Freer trade is increasingly seen as a means of achieving economic growth and alleviating poverty. But liberalizing agriculture is […]
Bring Home the Bacon
A former employee of the Irish Industrial Development Agency (IDA), Aidan Walsh says a country’s investment promotion agency should be independent of politics and need only consult them when budget allocations are affected by an investment decision.A former employee of the Irish Industrial Development Agency (IDA), Aidan Walsh says a country’s investment promotion agency should […]
Hidden Agenda
The plan to break the ceasefire and return to hostilities had been formed by LTTE in 2004, before the tsunami.The plan to break the ceasefire and return to hostilities had been formed by LTTE in 2004, before the tsunami. It is clear from the LTTE leader (VP)’s statement “….faced with the meaningless absurdity of living […]
Hot Gas
Government’s new banking minister wants to restart Pramuka Bank which has a mountain of dud loans as a State owned bank while investing up to Rs.5 billion of tax payer money to the industry.Government’s new banking minister wants to restart Pramuka Bank which has a mountain of dud loans as a State owned bank while […]
Ho Ho Ho!!!
Retail fuel giant Lanka IOC Ltd.’s could be heading for a bleak Christmas as US$ 71 million worth of unpaid subsidy bills, due from the Sri Lankan government, pile up. Retail fuel giant Lanka IOC Ltd.’s could be heading for a bleak Christmas as US$ 71 million worth of unpaid subsidy bills, due from the […]
Living It Up
Sri Lanka’s Supreme Court Friday questioned the “excessively high” budget of former president amid allegations that large sums of state funds had been misappropriated just before her retirement.Sri Lanka’s Supreme Court Friday questioned the “excessively high” budget of former president amid allegations that large sums of state funds had been misappropriated just before her retirement. […]
The tea industry could start off the new year on a low price branch
The tea industry could start off the new year on a low price branch, with the current wet weather weighing down on quality and as a result on auction prices.The weekly sales average is already on a down trend at Rs.193.51 this week, down from Rs. 196.70 in early November trading and Rs.207.69 in 2004. […]
Loving Italy
Italy today signed off a deal that will write off Sri Lanka’s debt to the EU member state , adding up to Rs. 850 million (Euro 7.13 million). Italy today signed off a deal that will write off Sri Lanka’s debt to the EU member state , adding up to Rs. 850 million (Euro 7.13 […]
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 […]