Author: lbostgadmin
Getting Ready
Disaster management experts say now is a ‘teachable moment’ to get Sri Lankans thinking about disaster management and a warning system. Disaster management experts say now is a ‘teachable moment’ to get Sri Lankans thinking about disaster management and a warning system. The devastating tsunami that struck a month ago has created awareness according to […]
Capital Alliance Holdings picks up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd for Rs. 10 mn
Rising investment bank Capital Alliance Holdings extended its portfolio by picking up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd on Monday in a deal worth Rs. 10 mn. The forty two year old De Silva Abeywardena & Peiris, is currently one of the smallest out of the nine commodity brokers, with interest in […]
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 […]
Not So Bad
Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster.Sri Lanka’s biggest listed bank, Hatton National Bank, said it doesn’t expect to make a large provision for doubtful loans in the wake of last month’s tsunami disaster. […]
US retains small military presence, focus assistance on reconstruction and work relating to tourism industry
The United States military will retain a small unit to assist Sri Lanka’s long-term reconstruction and humanitarian work in the tsunami hit areas, a military official said Saturday.The United States military will retain a small unit to assist Sri Lanka’s long-term reconstruction and humanitarian work in the tsunami hit areas, a military official said Saturday. […]
Sri Lanka Tigers rule out peace talks stemming from tsunami aid effort
Sri Lanka’s Tamil Tiger rebels Friday ruled out tsunami aid talks leading to political negotiations and warned the government against using the catastrophe for scoring points or strengthening the military.Sri Lanka’s Tamil Tiger rebels Friday ruled out tsunami aid talks leading to political negotiations and warned the government against using the catastrophe for scoring points […]
Panic as Sri Lanka minister triggers fears of another tsunami
Thousands of people living on Sri Lanka’s tsunami-battered coasts fled inland after comments by a minister Thousands of people living on Sri Lanka’s tsunami-battered coasts fled inland after comments by a minister Police and officials said schools were hastily closed in the eastern city of Batticaloa, while people were seen running from the shores in […]
Strong Push
Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec.31 Strong demand for fuel and high global oil prices will give fuel retailer Lanka IOC Ltd.‘s net profit a boost for the nine months ended Dec. 31 The company […]
Boot Up
The ICT Agency is shifting its rural connectivity plans to the coast in a move to help tsunami survivors cope with the disaster and share their plight with the world.The ICT Agency is shifting its rural connectivity plans to the coast in a move to help tsunami survivors cope with the disaster and share their […]
Tsunami Wave
Sri Lanka on Friday offered free Internet surfing for tsunami survivors and said free telephone services will also be made available to those displaced by the disaster. Five Internet cafes would be launched in the first phase at the southern district of Hambantota by Prime Minister Mahinda Rajapakse on Sunday, the Information and Communication Technology […]
All Systems Go
Though most are agreed that a flexible, multi-hazard warning system is what Sri Lanka needs, it might have to be put into law to ever really take effect.Though most are agreed that a flexible, multi-hazard warning system is what Sri Lanka needs, it might have to be put into law to ever really take effect. […]
New Pitch
Sri Lanka Cricket has opened the bidding for its team-sponsorship rights for a three-year period starting on April 2005.Sri Lanka Cricket has opened the bidding for its team-sponsorship rights for a three-year period starting on April 2005. The current team sponsor’s deal, won by Dilmah Tea in 2002, expires at the end of March, and […]