Author: lbostgadmin
Serious Business
Sri Lanka President Chandrika Kumaratunga Tuesday set up a ministry to exploit the island nation’s petroleum potential and named herself as its minister, a government statement said.Sri Lanka President Chandrika Kumaratunga Tuesday set up a ministry to exploit the island nation’s petroleum potential and named herself as its minister, a government statement said. Kumaratunga’s office […]
SLIC
Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, are acting in a manner that is detrimental to the banking sector.Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, […]
A Little Help
The Central Bank said it is initiating a UNDP funded US$ 1 mn micro financing scheme to revive micro enterprises affected by last December’s tsunami.The Central Bank said it is initiating a UNDP funded US$ 1 mn micro financing scheme to revive micro enterprises affected by last December’s tsunami. The late effort hopes to give […]
Be Humane
The UN tells IMF, World Bank and World Trade Organisation to respect human rights, instead of only focussing on money. The UN tells IMF, World Bank and World Trade Organisation to respect human rights, instead of only focussing on money. Such international bodies as the World Bank, the International Monetary Fund (IMF) and the World […]
Life Cover
US based AIG Insurance went to court on Monday, to transfer the life portfolio of its Sri Lankan unit to Sri Lanka Insurance Corp., officials said. US based AIG Insurance went to court on Monday, to transfer the life portfolio of its Sri Lankan unit to Sri Lanka Insurance Corp., officials said. Hayleys AIG – […]
White Lies
Presidential race is now in full swing with both candidates releasing their manifestoes. Presidential race is now in full swing with both candidates releasing their manifestoes. Both leading candidates have pledged to achieve economic growth over seven percent but their populist policies may become a barrier in achieving that growth. Economic growth of 8 percent […]
Conflict of “Interest”
Commercial Bank’s Chairman Mahendra Amarasuriya says he has secured 30 percent shareholder support to back him in next month’s Extraordinary General Meeting (EGM) convened to oust him form the board.Commercial Bank’s Chairman Mahendra Amarasuriya says he has secured 30 percent shareholder support to back him in next month’s Extraordinary General Meeting (EGM) convened to oust […]
Back to the Wall
Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer.Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer. […]
Small is beautiful
An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand.An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand. TATA is […]
Hanky Panky
Sri Lanka’s main opposition Sunday demanded the postponement of the annual budget until after the presidential vote next month, arguing that the government may use it to boost its electoral fortunes.Sri Lanka’s main opposition Sunday demanded the postponement of the annual budget until after the presidential vote next month, arguing that the government may use […]
Hold On
An estimated 325,956 telephone lines were pending connections by June 2005, with the bulk of the shortage in the western and southern provinces.An estimated 325,956 telephone lines were pending connections by June 2005, with the bulk of the shortage in the western and southern provinces. Data collected by the telecom watchdog point to an under […]
Back to Base
Ceylon Petroleum Corporation unions are threatening to strike work next week, protesting against a new refinery project to be built with private sector help.Ceylon Petroleum Corporation unions are threatening to strike work next week, protesting against a new refinery project to be built with private sector help. The government is to sign a deal with […]