Author: lbostgadmin
Here We Go Again
People’s Bank is to receive a Rs.8 billion capital injection over the next four years as part of a restructuring program that will keep full ownership with the State.People’s Bank is to receive a Rs. 8 billion capital injection over the next four years as part of a restructuring program that will keep full ownership […]
Symbolic Journey
Sri Lanka The first train since the December 26th tsunami has passed along reconstructed tracks by the spot where the surging waters washed away away another train and nearly two thousand lives.Sri Lanka The first train since the December 26th tsunami has passed along reconstructed tracks by the spot where the surging waters washed away […]
‘ visit
Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said.Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said. Bush and Clinton will arrive in […]
Asian Human Rights Commission raps Sri Lanka for heavy customs duties blocking aid.
The Asian Human Rights Commission (AHRC) rapped Sri Lanka on Friday for heavy customs duties on relief goods, blocking up aid at the port.The Asian Human Rights Commission (AHRC) rapped Sri Lanka on Friday for heavy customs duties on relief goods, blocking up aid at the port. The AHRC says 100 container loads of relief […]
Multi-donor Asian Tsunami Fund approved by ADB
The Asian Development Bank (ADB) approves the setting up of a multi-donor Asian Tsunami Fund on Thursday.The Asian Development Bank (ADB) approves the setting up of a multi-donor Asian Tsunami Fund on Thursday. “ADB’s Board of Directors yesterday approved the setting up of a multi-donor Asian Tsunami Fund, with ADB making its own initial contribution […]
The Central Bank says it has got Rs. 5.9 bn in tsunami aid to date.
The Central Bank said on Friday that it had received Rs. 5.9 bn in tsunami aid through government and Non Governmental Agencies as at February 15.The Central Bank said on Friday that it had received Rs. 5.9 bn in tsunami aid through government and Non Governmental Agencies as at February 15. The funds had come […]
‘s Colombo call centre with a 45 megabits per second data line
Telco operator India’s VSNL, connected HSBC’s Sri Lankan call centre with a 45 mega bits per second data line last week, in a deal worth US$ 30,000 per month.Telco operator India’s VSNL, connected HSBC’s Sri Lankan call centre with a 45 mega bits per second data line last week, in a deal worth US$ 30,000 […]
Peanuts
The government spending US$ 13 on a person to keep them in good health for a year is making everyone sick, says Sri Lankan civil rights groups.The government spending US$ 13 on a person to keep them in good health for a year is making everyone sick, says Sri Lankan civil rights groups. “The budgetary […]
Top Cat
Ceylinco Insurance Company Ltd, on Friday, formally announced its overall market leader status in Sri Lanka’s almost Rs 30 bn insurance industry. Ceylinco Insurance Company Ltd, on Friday, formally announced its overall market leader status in Sri Lanka’s almost Rs 30 bn insurance industry. “We are now the market leaders in insurance,” Lalith Kotelawala, Chairman, […]
Legal experts are proposing a new technique to carry out securities transactions, more easily, cutting 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.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 […]
Top UN officials to meet local lawmakers to set up a team on disaster preparedness.
Top officials of the United Nations will tour tsunami hit Asia, also meeting local lawmakers to help set up a select committee on disaster preparedness.Top officials of the United Nations will tour tsunami hit Asia, also meeting local lawmakers to help set up a select committee on disaster preparedness. Sri Lanka has asked for United […]
Iran seeks more trade with Sri Lanka, offers US$ 10 mn for tsunami relief
Iran gave US$ 10 mn to Sri Lanka for tsunami relief during talks here Thursday on increasing bilateral trade in tea and oil, a government statement said.Iran gave US$ 10 mn to Sri Lanka for tsunami relief during talks here Thursday on increasing bilateral trade in tea and oil, a government statement said. Discussions were […]