Author: lbostgadmin
Peacebroker Norway ends a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels
Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid.Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid. The last […]
Heavy Bag
Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at billion, with a bulk of the money needed for housing, fishing boats and water supply facilities.Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at $2 billion, with a bulk of the money needed for […]
Closing In
Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue.Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue. The blanket tax amnesty granted in 2003 is no longer valid and the taxmen are closing in on tax evaders. One way […]
On the Road
An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding.An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding. “We have identified and submitted to the government, long term road development projects, for donor funding,” […]
Asian Dollars
In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets in the tsunami that struck Sri Lanka’s eastern coastline on 26 December.In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets […]
Dissident election candidates win Maldivian capital, but no threat to Gayoom
Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul Gayoom was still seen consolidating his position as Asia’s longest serving leader.Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul […]
Keeping the Balance
International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on maintaining macro economic balance and financial stability. International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on […]
Fishing: In Troubled Waters
Fishermen one of the poorest segments in the population was hard hit by the tsunami.The tidal waves wiped out two thirds of the country’s fishing fleet leaving thousands without incomes. Fishermen one of the poorest segments in the population was hard hit by the tsunami. The tidal waves wiped out two thirds of the country’s […]
Warning
The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. A top executive […]
PFI margin up
The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses.The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses. The Bank earlier said commercial banks would get 1 percent for intermediation cost for […]
Armitage to go to Brussels for Sri Lanka donors meeting
US Deputy Secretary of State Richard Armitage is to travel to Brussels next week for talks with fellow donors on the current status of the peace process in Sri Lanka, the State Department said.US Deputy Secretary of State Richard Armitage is to travel to Brussels next week for talks with fellow donors on the current […]
Tamil Tigers to put autonomy struggle on hold amid tsunami aftermath
Tamil Tiger rebels announced they were putting on hold their struggle for greater autonomy for the Tamil minority in order to deal with the aftermath of the tsunami disaster.Tamil Tiger rebels announced they were putting on hold their struggle for greater autonomy for the Tamil minority in order to deal with the aftermath of the […]