Author: lbostgadmin
Deaf Ears
Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans under mountains of subsidy payments. Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans […]
Legal Wrangle
Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties.Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties. The latest proposal is a legal techniques knows a Declaration of Trust, where a group of […]
More Pay
Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at least 150 dollars a month before it approves allowing them to take assignments. Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned.Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent […]
Sri Lanka holds interest rate steady for fifth month
Sri Lanka left its key interest rates unchanged for the fifth consecutive month as the Central Bank looks for signs that inflation may slow as global oil prices ease.Sri Lanka left its key interest rates unchanged for the fifth consecutive month as the Central Bank looks for signs that inflation may slow as global oil […]
Fresh killing raises tension in Sri Lanka
An unidentified gunman shot dead a Tamil political activist in Sri Lanka’s restive northeast on Monday, further fuelling tension in the region.An unidentified gunman shot dead a Tamil political activist in Sri Lanka’s restive northeast on Monday, further fuelling tension in the region. Wijedasan Wijendran was gunned down as he returned from a Hindu temple […]
Potting Pirates
Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Security arrangements of […]
‘t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
Tension mounts in Sri Lanka amid moves to salvage peace bid
Tension has escalated in Sri Lanka’s restive northeast even as peace broker Norway was set to launch a fresh attempt to keep the two sides engaged in talks, officials and diplomats said Sunday.Tension has escalated in Sri Lanka’s restive northeast even as peace broker Norway was set to launch a fresh attempt to keep the […]
Powerful quake sparks new disaster panic in Indonesia
A powerful earthquake measuring 6.7 on the Richter scale struck off the west coast of Indonesia’s Sumatra island Sunday sparking panic among people fearing a repeat of the tsunami disaster, officials said. A powerful earthquake measuring 6.7 on the Richter scale struck off the west coast of Indonesia’s Sumatra island Sunday sparking panic among people […]
Tigers free seized Sri Lankan soldier
Tamil Tiger rebels Sunday released a government soldier they had captured overnight in Sri Lanka’s eastern district of Trincomalee, local officials said. Tamil Tiger rebels Sunday released a government soldier they had captured overnight in Sri Lanka’s eastern district of Trincomalee, local officials said. The rebel Liberation Tigers of Tamil Eelam (LTTE) handed the soldier […]
Slippery Grounds
Ceylon Petroleum Corporation says its operations are not viable unless the government sticks to the pricing formula agreed to as part of the sector restructuring.Ceylon Petroleum Corporation says its operations are not viable unless the government sticks to the pricing formula agreed to as part of the sector restructuring. CPC is waiting for confirmation the […]