Author: lbostgadmin
Despite shocks, Asia-Pacific economies make best showing since 2000: UN
BANGKOK, April 25 (AFP) – Shrugging off a stream of disasters and shocks, the Asia-Pacific region last year managed to post its strongest economic gains since 2000, the United Nations said Monday in an annual survey.BANGKOK, April 25 (AFP) – Shrugging off a stream of disasters and shocks, the Asia-Pacific region last year managed to […]
Test Pilot
The ICT Agency has put is current set of 16 pilot projects under review, with some completed and others needing to be scaled up.The ICT Agency has put is current set of 16 pilot projects under review, with some completed and others needing to be scaled up. The Ernest and Young review, due for completion […]
eSavings
Tech savvy Senkadagala Finance is coming out with savings products linked purely to teller machines, to mobilise low cost funds. Tech savvy Senkadagala Finance is coming out with savings products linked purely to teller machines, to mobilise low cost funds. The BBB+ (sri) rated company also plans to raise Rs. 250 million shortly through a […]
Flying Goods
National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday.National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday. The airline which is 40 percent owned by Dubai’s Emirates Airlines, presently operates regular freighter services […]
Electrical Wiz
Ceylinco’s pollution free car – the Reva selling at over Rs.1.2 mn has so far received some 20 confirmed orders.Ceylinco’s pollution free car – the Reva selling at over Rs. 1.2 mn has so far received some 20 confirmed orders. The Indian made electric car was commercially launched Monday, targeted at environment minded Sri Lankan’s […]
New Plan
Sri Lanka has been urged to devise a new Poverty Reduction Strategy (PRS) with the World Bank following the donor meeting in May.Sri Lanka has been urged to devise a new Poverty Reduction Strategy (PRS) with the World Bank following the donor meeting in May. Crucial to this would be working out a joint mechanism […]
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Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported Friday. Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported […]
Sri Lanka grants amnesty to 70,000 military deserters
Sri Lanka has offered to drop court martial proceedings against 70,000 military deserters as part of a drive to overhaul the security forces, the defence ministry said Friday.Sri Lanka has offered to drop court martial proceedings against 70,000 military deserters as part of a drive to overhaul the security forces, the defence ministry said Friday. […]
Pass The Book
Finance companies will soon start accepting savings deposits after the regulator the Central Bank gave them clearance from February this year. Finance companies, that have been asking to be allowed to raise savings deposits for years, will however have to cap their interest rates on these deposits to the weighted 3 month Treasury bill rate […]
Axe It
Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers.Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers. Labour Minister Gazetted the formula last month that gives up to 48 […]
Forgotten Homework
World Bank says the country has lost the education advantage it had in Asia but second generation reforms of the sector can help Sri Lanka regain lost ground. World Bank says the country has lost the education advantage it had in Asia but second generation reforms of the sector can help Sri Lanka regain lost […]
May Day Resolutions
Sri Lanka’s government has promised lending agencies to turn a new leaf after May Day, kicking off the process with a hike in fuel prices, LBO learns.Sri Lanka’s government has promised lending agencies to turn a new leaf after May Day, kicking off the process with a hike in fuel prices, LBO learns. A top […]