Author: lbostgadmin
Indian Formula
Sri Lanka is firmly on Indian giant TATA’s radar screen for investment, but a top official said Sri Lanka needs to leverage its strengths and implement its open policies to keep investors coming in.Sri Lanka is firmly on Indian giant TATA’s radar screen for investment, but a top official said Sri Lanka needs to leverage […]
John Keells tracks down Yala Village
John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs.275 million. John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs. 275 million. Yala Village is a 62 chalet eco-hotel, which borders a […]
Breathing Fire
Unions backing Commercial Bank of Ceylon’s staff are urging monetary authorities to ask a key shareholder to reduce his stakes and fall in line with banking regulations.Unions backing Commercial Bank of Ceylon’s staff are urging monetary authorities to ask a key shareholder to reduce his stakes and fall in line with banking regulations. Sri Lanka’s […]
Central Bank taps primary dealers for ideas
Sri Lanka’s Central Bank has sought views from market players to improve the primary dealer system, in the backdrop of calls to widen the industry’s revenue base. Sri Lanka’s Central Bank has sought views from market players to improve the primary dealer system, in the backdrop of calls to widen the industry’s revenue base. Dealers […]
Sri Lanka PM to halt privatisation
Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday.Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday. Premier Rajapakse will totally […]
Oil Prospects
A US$ 800 mn refinery at Sapugaskanda has got the Cabinet nod, in a joint venture with US based Global Energy and Industrial Operations Inc. A US$ 800 mn refinery at Sapugaskanda has got the Cabinet nod, in a joint venture with US based Global Energy and Industrial Operations Inc. Cabinet approval was given for […]
Dirty Tricks
Reporters Without Borders (RSF) – an international organisation that promotes media freedom — voiced concern about last week’s arson attack on the independent Sunday Leader newspaper’s printing press in the run up to next month’s polls.Reporters Without Borders (RSF) – an international organisation that promotes media freedom — voiced concern about last week’s arson attack […]
Once Bitten…
Sri Lankan trade negotiators are bargaining for stronger safety nets to protect domestic interests at the latest round of world trade talks.Sri Lankan trade negotiators are bargaining for stronger safety nets to protect domestic interests at the latest round of world trade talks. Current trade talks in Geneva, will lead to a new set of […]
Get Moving
About two million Sri Lankan women suffer from crippling, even fatal bone disease, squeezing an already stretched state healthcare system that spends to look after them.About two million Sri Lankan women suffer from crippling, even fatal bone disease, squeezing an already stretched state healthcare system that spends to look after them. Women, especially aging women, […]
Treasury units of top corporates unite
Treasury heads from Sri Lanka’s top corporates have joined hands to tackle industry issues and expand the knowledge base.Treasury heads from Sri Lanka’s top corporates have joined hands to tackle industry issues and expand the knowledge base. Headed by Rohan Perera, Group Treasurer of John Keells Holdings, the Association of Corporate Treasurers plans to take […]
Early Christmas hamper from Mahinda
Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty free vehicles for good taxpayers, free spectacles for the disable, and splash out billions of rupees by way of welfare subsidies, if he wins next month’s presidential poll, his party said Tuesday.Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty […]
‘t go for ready-made development programmes; UNCTAD
UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working.UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working. UNCTAD says developing countries must design their own development programmes to suit individual needs and cautions developing countries against running a race to the bottom trying […]