Author: lbostgadmin
Foundation Stone
Sri Lanka signed up for US$ 75 mn World Bank assistance on Tue. to rebuild 46,000 houses in the war ravaged North & East over a four year period. Sri Lanka signed up for US$ 75 mn World Bank assistance on Tue. to rebuild 46,000 houses in the war ravaged North & East over a […]
Reveal All
Sri Lanka has asked all non governmental organisations who are on a drive to raise money for tsunami victims to channel the funds through a special bank account.Sri Lanka has asked all non governmental organisations who are on a drive to raise money for tsunami victims to channel the funds through a special bank account. […]
Hayleys MGT’s credit profile slips, as it opts for a debt finance drive to expand capacity and sets aside extra cash for working capital
Hayleys MGT’s credit metrics has weakened somewhat recently, as it embarks on a debt finance drive and steps up its working capital requirements to keep pace in the quota free arena. Hayleys MGT’s credit metrics has weakened somewhat recently, as it embarks on a debt finance drive and steps up its working capital requirements to […]
Tea for tourists and sympathy for tsunami survivors in Sri Lanka
The Asian tsunamis washed away much of what drew foreigners to Sri Lanka’s beaches, but a coastal tea plantation reputed for making the world’s most expensive tea has survived to become an oasis for tourists. The usual attractions — turtle hatcheries, marine museums, souvenir shops and fishermen on stilts — vanished in the December 26 […]
Tourism authorities consider revising 2005 targets as tourist arrivals dry up
Tourist flows to the tsunami struck Paradise Isle are drying up and the tourism authorities are considering revising 2005 targets.Tourist flows to the tsunami struck Paradise Isle are drying up and the tourism authorities are considering revising 2005 targets. January is normally part of the winter tourism peak but January 2005 saw only 38,000 visitors […]
IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidising big corporations at the expense of poor savers
IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers.IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers. IMF’s outgoing Resident Representative Jeremy Carter said Central Bank should […]
Political Gas
Legislators included an outdated provision from the old Fair Trade Commission law when a new Act for consumer protection was passed a couple of years ago. Legislators included an outdated provision from the old Fair Trade Commission law when a new Act for consumer protection was passed a couple of years ago. Government is now […]
Digital Ads
Digital technologies are both an opportunity and a threat for the industry according to experts who spoke at the 2nd LBR/LBO advertising and marketing forum.Digital technologies are both an opportunity and a threat for the industry according to experts who spoke at the 2nd LBR/LBO advertising and marketing forum. Some digital media like the Internet […]
Eye Opener
A group of experts say tsunami has presented a window of opportunity to develop an all hazard warning system for the country.A group of experts say tsunami has presented a window of opportunity to develop an all hazard warning system for the country. Every year people die due to a range of natural hazards from […]
Strange Economy
The IMF outgoing resident representative Jeremy Carter says Sri Lanka’s macro economic challenges are little changed from a decade ago when he started to analyze the Lankan economy.The IMF outgoing resident representative Jeremy Carter says Sri Lanka’s macro economic challenges are little changed from a decade ago when he started to analyze the Lankan economy. […]
A Visit to the Former “Tsunami Capital”
The sign below an exhibit at the Pacific Tsunami Museum in Hilo, Hawai’i, claims that Hilo is “the tsunami capital of the world.” Dr George D. Curtis, the scientific advisor to the museum, covered that sign with his hand and said quietly, “now, we’ll have to change that. ” That is just one of the […]
Sri Lanka blames rebel split for killings, praises Tigers “restraint”
Sri Lanka’s government blamed splinter factions of the Tamil rebel movement for the slaying of a top guerrilla leader and praised it for the “restraint” it had shown since the killing.Sri Lanka’s government blamed splinter factions of the Tamil rebel movement for the slaying of a top guerrilla leader and praised it for the “restraint” […]