Author: lbostgadmin
New Accounts
People’s Bank will receive the first Rs.2 billion traunche of the ADB sponsored recapitalization programme later in October, as it fulfills its initial set of targets.People’s Bank will receive the first Rs. 2 billion traunche of the ADB sponsored recapitalization programme later in October, as it fulfills its initial set of targets. A total Rs. […]
Sri Lanka banks on tsunami-aid despite Pakistan quake
Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday.Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday. A wave of foreign […]
Facilities Base
Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to disseminate ICT awareness in underserved communities.Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to […]
Play Fair
Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. The two wireless local loop operators Suntel and Lanka Bell claim to have already connected […]
Harvesting Time
Police found a sniper gun and ammunition in northwestern Sri Lanka on Monday ahead of a planned visit to the area by President Chandrika Kumaratunga, officials said.Police found a sniper gun and ammunition in northwestern Sri Lanka on Monday ahead of a planned visit to the area by President Chandrika Kumaratunga, officials said. The weapon, […]
Dear Denmark
Denmark on Tuesday said it would defer some Rs.80 million (approx US$ 800,000) in bilateral loans to Sri Lanka for one year, in a follow up to an agreement with donors in June this year.Denmark on Tuesday said it would defer some Rs. 80 million (approx US$ 800,000) in bilateral loans to Sri Lanka for […]
Sri Lanka’s Central Bank leaves policy rates at current levels
Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. The repurchase rate, which drains money from the banking […]
More money for tsunami victims to find work
Norway gives Rs 180 million ( around US$ 1.8 mn) to the International Labour Organization (ILO) to “speed up” tsunami rehabilitation in Sri Lanka.Norway gives Rs 180 million ( around US$ 1.8 mn) to the International Labour Organization (ILO) to “speed up” tsunami rehabilitation in Sri Lanka. “We see the necessity to speed up the […]
Presidential hopefuls campaign on peace and prices in Sri Lanka
ANURADHAPURA, Oct 9 – Sri Lanka’s two main candidates for the presidency launched their election campaigns at the weekend promising peace at last for the shattered island and lower consumer prices. ANURADHAPURA, Oct 9 – Sri Lanka’s two main candidates for the presidency launched their election campaigns at the weekend promising peace at last for […]
By-pass operation
Sri Lanka is planning to tap international capital markets aggressively after getting a sovereign rating to support its economic recovery next year, and bypass pesky donors who demand fiscal discipline and low inflation to give cheap long-term dollars. Sri Lanka is planning to tap international capital markets aggressively after getting a sovereign rating to support […]
Setting Goals
Sri Lanka has already achieved some of the Millennium Development Goals (MDG) that seeks to halve poverty in ten years.Sri Lanka has already achieved some of the Millennium Development Goals (MDG) that seeks to halve poverty in ten years. But experts say the north east conflict has created new challenges by creating a huge pocket […]
Armchair Critics
Getting to know the movements of television viewers is becoming crucial for advertisers to find the best breaks to slot their commercials. Getting to know the movements of television viewers is becoming crucial for advertisers to find the best breaks to slot their commercials. Increased ownership of color TVs with remote controls has helped viewers […]