Author: lbostgadmin
Build It and Give It
SriLankan Airlines will hand over flying to a top European destination to its equity partner Emirates and add frequencies to other destinations on the back of a recent management reshuffle.SriLankan Airlines will hand over flying to a top European destination to its equity partner Emirates and add frequencies to other destinations on the back of […]
Hatton National Bank looks to securitise mortgage receivables
Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. HNB’s return on assets at 0.7 percent is among the lowest compared to indigenous banks […]
Restructuring CEB will reduce electricity production cost by Rs 2.50, says Finance Minister
Restructuring the Ceylon Electricity Board (CEB) will reduce cost of electricity production by Rs 2.50, says Finance Minister. Restructuring the Ceylon Electricity Board (CEB) will reduce cost of electricity production by Rs 2.50, says Finance Minister. “Last week we were looking at performance reports of the CEB.If we restructure the CEB we will be able […]
Fresh violence erupts in Sri Lanka as Tigers tour Europe
At least three people were critically wounded when suspected Tamil Tiger rebels threw a grenade into the office of a rival group in eastern Sri Lanka Friday, military officials said.At least three people were critically wounded when suspected Tamil Tiger rebels threw a grenade into the office of a rival group in eastern Sri Lanka […]
Taxes drive Sri Lanka’s gold market underground
Taxes have driven Sri Lanka’s gold market underground, with only smuggled gold able to hold down prices, say industry sources.Taxes have driven Sri Lanka’s gold market underground, with only smuggled gold able to hold down prices, say industry sources. “There is no official gold in the market,” says Chanaka Ellawela, vice chairman, Sri Lanka Gem […]
World Bank country director says his comments have been misunderstood
Sri Lanka’s World Bank Country Director came out strongly denying giving official recognition to Tamil Tiger guerrillas, even as a weekend paper promised to blow the lid off on Sunday.Sri Lanka’s World Bank Country Director came out strongly denying giving official recognition to Tamil Tiger guerrillas, even as a weekend paper promised to blow the […]
Clean Air
A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table.A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table. The reallocation within the 800 MHz […]
Seniors First
The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. “We have quite […]
More Please
Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the end of 2005, but plans to press lenders to extend the moratorium to the end of 2007, the island’s finance minister said on Friday.Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the […]
So, So
Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia was skeptical and said it would be of little help.Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia […]
Hopes rise for Sri Lanka aid breakthrough
Sri Lanka’s peace broker Norway was hopeful of clinching a deal between the Colombo government and the Tiger rebels on jointly handling tsunami relief aid, the guerrillas said Sri Lanka’s peace broker Norway was hopeful of clinching a deal between the Colombo government and the Tiger rebels on jointly handling tsunami relief aid, the guerrillas […]
Drifting Apart
Sri Lanka has slipped to the 71 spot (from 66 last year) in the World Economic Forum’s Global Information Technology Report.Sri Lanka has slipped to the 71 spot (from 66 last year) in the World Economic Forum’s Global Information Technology Report. The report ranks nations on how good they are at exploiting global IT developments […]