Author: lbostgadmin
Wrong Doing
The Asian Human Rights Commission (AHRC) is urging the government to come up with alternatives for tsunami victims living in increasingly unbearable conditions in temporary shelters. The Asian Human Rights Commission (AHRC) is urging the government to come up with alternatives for tsunami victims living in increasingly unbearable conditions in temporary shelters. The Hong Kong […]
UK based Global Towers opens its flagship hotel on the coast, but says buffer zone could hold up Rs. 1.5 bn in new investment.
UK based entrepreneurs Global Lanka Holdings opened its flagship hotel in the heart of the city, but says the new 100 m buffer zone could hold up Rs.1.5 bn in future investment. UK based entrepreneurs Global Lanka Holdings opened its flagship hotel in the heart of the city, but says the new 100 m buffer […]
Going Steady
The Central Bank on Wednesday said it will actively absorb liquidity from the financial markets to curb inflation in the coming months.The Central Bank on Wednesday said it will actively absorb liquidity from the financial markets to curb inflation in the coming months. The bank however left its key short term interest rate unchanged for […]
Central Bank kept its key short-term interest rates unchanged to tame inflation
The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision earlier in March to control inflation in the second half of 2005.The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision […]
Hot Line
Sri Lanka’s seven telecom operators took a Supreme Court injunction against the ICT Agency on Tuesday, halting a rural telecom network licensing process.Sri Lanka’s seven telecom operators took a Supreme Court injunction against the ICT Agency on Tuesday, halting a rural telecom network licensing process. The ICT Agency is currently taking in applications to pre-qualify […]
Sick Note
Part of the postal department is planning a midnight sick-note campaign, opposing graduate appointments and privatization of 109 communication locales – the government’s idea of a modern post office.Part of the postal department is planning a midnight sick-note campaign, opposing graduate appointments and privatization of 109 communication locales – the government’s idea of a modern […]
Tourist arrivals in Feb slump 16 percent over last year, though emerging markets grow.
Tourist arrivals in February saw a 16 percent slump over last year at 36,000, as visiting relief workers go home and holiday makers’ trickle back.Tourist arrivals in February saw a 16 percent slump over last year at 36,000, as visiting relief workers go home and holiday makers’ trickle back. India continued to drive the numbers […]
Turn Off
Sri Lanka’s nine provincial councils will raise business turnover tax from one percent to five percent on “non-essential” commodities from April 1 to bolster their own revenue.Sri Lanka’s nine provincial councils will raise business turnover tax from one percent to five percent on “non-essential” commodities from April 1 to bolster their own revenue. The list […]
Slow Boat
A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south harbour project.A senior ADB official due later in March on a tsunami mission, is expected to check up on the state’s commitments to the long overdue Colombo south […]
Will It Happen This Time?
Corporate lawyers are hoping a draft Company Law abandoned a few years ago will be enacted this year. Corporate lawyers are hoping a draft Company Law abandoned a few years ago will be enacted this year. The law, modeled on the New Zealand Companies Act incorporating international law principles was abandoned as some experts thought […]
Les Mesrables
People affected by the tsunami are still living in tents even after two and a half months after the deadly waves hit the coastline. People affected by the tsunami are still living in tents even after two and a half months after the deadly waves hit the coastline. If authorities don’t put in place a […]
Shocking
The Finance Minister says improving financial reporting standards will reduce the strain on the government budget The Finance Minister says improving financial reporting standards will reduce the strain on the government budget Better financial reporting according to the minister will make it possible for justifying restructuring of institutions making losses like the CEB, which is […]