Author: lbostgadmin
Vanishing Lines
Ending nine months of intense debate, Sri Lanka has relaxed construction limits along the island’s tsunami ravaged coastline with immediate effect, the government said Friday.Ending nine months of intense debate, Sri Lanka has relaxed construction limits along the island’s tsunami ravaged coastline with immediate effect, the government said Friday. The 100-200 meter buffer zone has […]
Ceylon Index
A new index fund hopes to capture the gains of Asia’s best performing bourse, with a top ten stock index that accounts for over half of market capitalisation in the local exchange.A new index fund hopes to capture the gains of Asia’s best performing bourse, with a top ten stock index that accounts for over […]
Right On
Merchant Bank of Sri Lanka posted a 74 percent rise in its net profits at Rs 136.4 million for the first nine months of 2005.Merchant Bank of Sri Lanka posted a 74 percent rise in its net profits at Rs 136.4 million for the first nine months of 2005. Close to half the nine months […]
Sniper Fire
Commercial Bank of Ceylon Ltd.’s Chairman has sought regulators blessings to ask DFCC Bank reduce its stakes in the former to be within limits allowed under the present Banking Act.Commercial Bank of Ceylon Ltd.’s Chairman has sought regulators blessings to ask DFCC Bank reduce its stakes in the former to be within limits allowed under […]
Bills Online
Ceylinco Group Chairman Lalith Kotelawala on Friday appealed to the Central Bank to loosen its grip on the banking sectors’ expansion plans.Ceylinco Group Chairman Lalith Kotelawala on Friday appealed to the Central Bank to loosen its grip on the banking sectors’ expansion plans. Kotelawala said the requirement for Central Bank approval for every new branch […]
EU funding for NGO peace programmes
The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO).The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO). Sri Lankan […]
LTTE asks Norway to break ice over talks
Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes.Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes. Norway’s special peace envoy Trond Furuhovde […]
Re-Audit
The government says it will make legal changes to give more teeth to the Auditor General.The government says it will make legal changes to give more teeth to the Auditor General. The government this week, approved a proposal to restructure the Auditor General’s Department, giving it greater administrative and financial independence. A government official on […]
Sailing South
The government this week signed over a US$ 87 million tender to a Chinese firm to build the proposed Hambantota tank farm and bunkering facility. The government this week signed over a US$ 87 million tender to a Chinese firm to build the proposed Hambantota tank farm and bunkering facility. Project officials at the Shipping […]
Five proposals for one bride
Five banks respond to Sri Lanka’s call to raise funds from migrant workers via an international bond, despite doubts about the timing and the structure of the issue.Five banks respond to Sri Lanka’s call to raise funds from migrant workers via an international bond, despite doubts about the timing and the structure of the issue. […]
Where does all that development aid go?
Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off debt and rebuild after natural disasters, a United Nations report shows. Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off […]
Full House
State housing finance giant HDFC Bank’s maiden share issue has been oversubscribed on its opening day, a statement to the Stock Exchange said. State housing finance giant HDFC Bank’s maiden share issue has been oversubscribed on its opening day, a statement to the Stock Exchange said. Mangers to the issue Merchant Bank of Sri Lanka […]