Author: lbostgadmin
Growing Sideways
Sri Lanka’s Lanka Orix Leasing Co Ltd is looking at regional expansions and a possibility of getting into commercial banking, as it moves into the next phase of its growth cycle.Sri Lanka’s Lanka Orix Leasing Co Ltd is looking at regional expansions and a possibility of getting into commercial banking, as it moves into the […]
Spring Cleaning
South Asian bankers kicked off a meeting in Colombo on Monday to draw up a roadmap to reconstitute an existing development fund to be on the lines of a regional lending body.South Asian bankers kicked off a meeting in Colombo on Monday to draw up a roadmap to reconstitute an existing development fund to be […]
Time to Tax
Sri Lanka needs to operate at its full tax revenue potential to break away from donor clutches and implement its own polices.Sri Lanka needs to operate at its full tax revenue potential to break away from donor clutches and implement its own polices. Treasury Secretary says tax collections at present are nowhere near their potential. […]
Opposition leader seeks unity to end Sri Lanka bloodshed
Sri Lanka’s opposition leader launched his presidential election bid from this historic city Saturday urging unity among the deeply divided majority community ahead of a peace deal with Tamil rebels.Sri Lanka’s opposition leader launched his presidential election bid from this historic city Saturday urging unity among the deeply divided majority community ahead of a peace […]
Norway rules out early talks on Sri Lanka truce
Peace broker Norway ruled out early direct talks between Tamil Tigers and Sri Lanka to save their truce although the rebels said they were ready for discussions before next month’s presidential vote. Peace broker Norway ruled out early direct talks between Tamil Tigers and Sri Lanka to save their truce although the rebels said they […]
Tamil Tigers seen as kingmakers in Sri Lanka vote
Sri Lanka’s minority parties have aligned with the two main contenders for next month’s presidential election hoping to be kingmakers, but analysts say it is the Tamil Tiger rebels who will end up calling the shots Sri Lanka’s minority parties have aligned with the two main contenders for next month’s presidential election hoping to be […]
Norway envoy sets stage for truce talks with Tigers
Norway’s ambassador to Sri Lanka met with Tamil Tiger rebels Thursday ahead of a review of Oslo’s peace initiative and talks next week on salvaging a shaky truce, diplomats said.Norway’s ambassador to Sri Lanka met with Tamil Tiger rebels Thursday ahead of a review of Oslo’s peace initiative and talks next week on salvaging a […]
Sri Lanka asks donors to cut redtape and coordinate aid for bigger projects
Sri Lanka’s foreign donors are falling over themselves to channel aid to similar projects, but a lots needs to be done to co-ordinate and channel assistance to large projects, the island’s treasury secretary said Friday.Sri Lanka’s foreign donors are falling over themselves to channel aid to similar projects, but a lots needs to be done […]
‘s Dozens – Update
The two top candidates for Sri Lanka’s presidency filed their election nomination papers Friday along with 11 outsiders vying for the all-powerful but low-paid job as head of state for the next six years. The two top candidates for Sri Lanka’s presidency filed their election nomination papers Friday along with 11 outsiders vying for the […]
‘s Dozens
The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid job of head of state. The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid […]
Paradox in Paradise
One out of three children under the age of five in Sri Lanka underweight despite impressive social indicators.One out of three children under the age of five in Sri Lanka underweight despite impressive social indicators. “With nearly one out of three children aged five or under being underweight, Sri Lanka has unusually high rates of […]
Exchange rate mix up leaves Vanik further in debt
Vanik Inc. is asking extra time to pay off its debenture holders, as an exchange rate mix up, left it short of cash after disposing a stake in its Bangladesh operation. Vanik Inc. is asking extra time to pay off its debenture holders, as an exchange rate mix up, left it short of cash after […]