Author: lbostgadmin
Buddhist monk pleads for the release of Sri Lankan hostage
Sri Lanka’s influential Buddhist clergy Sunday appealed for the release of a truck driver taken hostage in Iraq, saying the island traditionally has had friendly ties with Baghdad.Sri Lanka’s influential Buddhist clergy Sunday appealed for the release of a truck driver taken hostage in Iraq, saying the island traditionally has had friendly ties with Baghdad. […]
Norway set to launch a new bid to save Sri Lanka peace process
Norway will this week launch yet another bid to save Sri Lanka’s tottering peace process amid fears for the Oslo-brokered ceasefire that went into effect in 2002 after three decades of ethnic bloodshed.Norway will this week launch yet another bid to save Sri Lanka’s tottering peace process amid fears for the Oslo-brokered ceasefire that went […]
Jail Vacation
When a beach boy reaches the age of 14 he is already too old: foreign sex tourists are now being offered even younger children in this palm-fringed sandy-beached Sri Lankan paradise.When a beach boy reaches the age of 14 he is already too old: foreign sex tourists are now being offered even younger children in […]
The Challenge
A top business leader questioned the way auditors form their opinions in making “going concern” decisions about companies.A top business leader questioned the way auditors form their opinions in making “going concern” decisions about companies. Addressing professional accountants at the Silver Jubilee celebrations of the Institute of Chartered Accountants, Chandra Jayaratne, Managing Director, Eagle Insurance […]
The Next War
Water is abundant…or is it? Water is abundant…or is it? More than 1.2 billion people in poor countries don’t have access to safe drinking water according to research. The UN says the water crisis is so severe that it could take almost 30 years to eradicate hunger from the world. Although water covers two thirds […]
Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently
Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently.Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently. The cash-strapped RPC’s say they need the cash to help pay the higher salaries and arrears that have […]
Protecting Them All
The local insurance industry premium income grows by about 20 percent a year but as a percentage of GDP, the premium revenue account for less than 1.5 percent. The local insurance industry premium income grows by about 20 percent a year but as a percentage of GDP, the premium revenue account for less than 1.5 […]
Train Trip
The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department.The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department. Railways Chief Priyal de Silva told Lanka Business Online that the Department was now […]
Mandarin Deals
China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect.China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect. The deal which was inked late October, is in addition to rights to operate four weekly passenger services to Beijing and Shanghai […]
Cold Thoughts
Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn loss for the first nine months this year.Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn […]
Ugly Story
Last month a 40-year-old, wealthy planter was put away for 48 years for repeatedly raping his own children. Last month a 40-year-old, wealthy planter was put away for 48 years for repeatedly raping his own children. “This is the highest jail sentence awarded in the world against child sexual abuse,” says Maureen Seneviratne, Chairperson, Protecting […]
Fake Fishing
Intellectual Property Rights (IPR) have got stronger but counterfeits are pouring into Sri Lanka because rights holders don’t take action, say the experts.Intellectual Property Rights (IPR) have got stronger but counterfeits are pouring into Sri Lanka because rights holders don’t take action, say the experts. “Our Intellectual Property laws are on par with those of […]