Author: lbostgadmin
Green Power
Renewable energy player Vidulanka Ltd plans to tap the capital markets next year to raise around Rs.265 million to fund upcoming power projects, officials said Wednesday.Renewable energy player Vidulanka Ltd plans to tap the capital markets next year to raise around Rs. 265 million to fund upcoming power projects, officials said Wednesday. The power producer […]
Buying Time
Sri Lanka’s Supreme Court Wednesday ordered the suspension of a criminal investigation into the prime minister’s handling of tsunami aid following allegations of corruption. Sri Lanka’s Supreme Court Wednesday ordered the suspension of a criminal investigation into the prime minister’s handling of tsunami aid following allegations of corruption. Chief justice Sarath Silva asked the police […]
Punjabi Rock
Sri Lankan artistes with raw talent, a little Punjabi sound fused with Sinhalese and some management help are finding a ready springboard into India’s music world. Sri Lankan artistes with raw talent, a little Punjabi sound fused with Sinhalese and some management help are finding a ready springboard into India’s music world. Overall Market Size […]
Window Dressing
Financial statements of Sri Lankan firms are sometimes incorrectly presented because local auditors don’t keep up with new developments, the island’s accounting and auditing watchdog said. Financial statements of Sri Lankan firms are sometimes incorrectly presented because local auditors don’t keep up with new developments, the island’s accounting and auditing watchdog said. The watchdog is […]
The EU considers banning the LTTE – cracks down on illlegal fund raising
The European Union said Monday that it may ban the LTTE and will no longer receive any Tamil Tiger delegation in its member states until further notice.The European Union said Monday that it may ban the LTTE and will no longer receive any Tamil Tiger delegation in its member states until further notice. “The European […]
‘s main opposition party plans to splash millions on welfare subsidies and ban dowries
Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer year-end bonuses to public servants and splash out billions of rupees by way of welfare subsidies, if it wins the November presidential poll, its leader said Tuesday. Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer […]
Crash Bang
A new capital requirement is shaking up Sri Lanka’s fragmented banking industry, encouraging mergers of small banks and forcing all to make more efficient use of their funds, analysts say. In April, the central bank said all banks must have at least Rs.2.5 billion ( million) in Tier 1 capital by the end of 2007, […]
Healthy Interest
World Health Organisation (WHO) tells Sri Lankan health authorities to participate in trade talks, for good health.World Health Organisation (WHO) tells Sri Lankan health authorities to participate in trade talks, for good health. “We have advocated that Sri Lanka strengthen legal expertise in the Ministry of Health, to influence future trade negotiations,” said the director […]
‘s private party gets top rating
Singer (Sri Lanka) Ltd walked off with a A+(sri) rating from Fitch Ratings Lanka Limited for its upcoming debenture issue, the rating agency said Tuesday. Singer (Sri Lanka) Ltd walked off with a A+(sri) rating from Fitch Ratings Lanka Limited for its upcoming debenture issue, the rating agency said Tuesday. The rating outlook is stable. […]
Group to raise scientific concerns on Sethu project
The government is putting together an advisory group to present its scientific concerns with India’s proposed Sethusamudram canal project. The government is putting together an advisory group to present its scientific concerns with India’s proposed Sethusamudram canal project. The move is a follow up to the last round of talks in August where India officially […]
Sloth Rate
Sri Lanka moves up three positions in the World Human Development tables, but income poverty remains a problem.Sri Lanka moves up three positions in the World Human Development tables, but income poverty remains a problem. The report released in 2005 is relates to 2003 data. Sri Lanka moved up three places from 96th to 93rd […]
‘s Got the Power?
Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General Manager for his conduct.Battle between the board and the management at the monopoly power utility CEB intensified as engineers objected to the board calling for reasons from the General […]