Author: lbostgadmin
‘s Oct. annaulised inflation slips
Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Authorities […]
Ceylon Chamber wants a pre-election budgetary position before Presidential elections
The Ceylon Chamber of Commerce wants a pre-election budgetary position made public, before the Presidential election.The Ceylon Chamber of Commerce wants a pre-election budgetary position made public, before the Presidential election. Sri Lanka’s leading trade chamber wants the government to amend the Fiscal Management (Responsibility) Act, to allow a pre-election fiscal report before a Presidential […]
IDD Nanny
Sri Lanka’s telecom watchdog will block international direct dialing (IDD) access to twelve countries from Tuesday to prevent ‘modem hijacking’ and internet scams, an official said Sunday.Sri Lanka’s telecom watchdog will block international direct dialing (IDD) access to twelve countries from Tuesday to prevent ‘modem hijacking’ and internet scams, an official said Sunday. The three […]
Hogwash!
Sri Lanka Telecom has turned down a request to block international calls to 12 countries to prevent modem hijacking and internet porn scams.Sri Lanka Telecom has turned down a request to block international calls to 12 countries to prevent modem hijacking and internet porn scams. The telecom watchdog asked SLT to block calls for a […]
Millennium Growth
Millennium IT (MIT) that established a niche for it self in the area of capital market enabling software says they will offer a new product soon that will link revenues to transactions of their clients.Millennium IT (MIT) that established a niche for it self in the area of capital market enabling software says they will […]
PC Power
Information technology penetration is rather low in Sri Lanka despite most of the population being able to read and write. Information technology penetration is rather low in Sri Lanka despite most of the population being able to read and write. The Information Communications Technology Agency or ICTA is trying to change this by helping rural […]
At a Rate
Lanka Ratings, the second credit ratings firm to offer ratings in Sri Lanka says adoption of BASEL II rules and making credit ratings mandatory for financial institutions is likely to create activity in the sector.Lanka Ratings, the second credit ratings firm to offer ratings in Sri Lanka says adoption of BASEL II rules and making […]
Flying High
Sri Lanka’s Commercial Bank said Monday that it posted a 50 percent growth in post tax profits for the three-months to Sept 2005.Sri Lanka’s Commercial Bank said Monday that it posted a 50 percent growth in post tax profits for the three-months to Sept 2005. Group net profit for the third quarter was Rs.827.4 million […]
Watch Out!
The European Union warned Sri Lanka that it will organise no more election monitoring missions to the troubled island unless Colombo implements recommendations to reduce fraud. The European Union warned Sri Lanka that it will organise no more election monitoring missions to the troubled island unless Colombo implements recommendations to reduce fraud. European Union mission […]
Rural homes begin to spend, challenging marketers
In a rural village in the North Western Province, there is no rain for four months of the year and incomes are low.But families are making some life-changing economic decisions.In a rural village in the North Western Province, there is no rain for four months of the year and incomes are low. But families are […]
Want Now!
Health sector trade unions will call off their strike tomorrow (Saturday) but are threatening another disruption from November 9, if demands are not met.Health sector trade unions will call off their strike tomorrow (Saturday) but are threatening another disruption from November 9, if demands are not met. “We will stop the strike tomorrow at 7.00 […]
Poor Credit
International micro finance experts recommend that donors put the breaks on funding microfinance in Sri Lanka, as system unsustainable.International micro finance experts recommend that donors put the breaks on funding microfinance in Sri Lanka, as system unsustainable. “Given the plethora of organisations, many mushrooming more after the tsunami, we are telling donors to take a […]