Author: lbostgadmin
Govt. prepares new poverty reduction strategy paper
The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year.The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year. The Finance […]
Revenge of the Pharaohs
Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva.Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva. Mr. Lankadeva […]
Who Cares?
Private sector doesn’t pay enough attention to their customers according to findings of a study by two local NGO’s. The study says private sector gets customer feedback but is slow to act on it and improve the quality of products and services.Government organizations were also criticized for paying little attention to quality of service due […]
Tourist arrivals are up 11%, while the average spending by visitors has also risen to US$ 70 a day
Tourist arrivals are up 11 percent so far this year while the average spending by visitors has also risen to US$ 70 a day from US$ 64.Tourist arrivals are up 11 percent so far this year while the average spending by visitors has also risen to US$ 70 a day from US$ 64. The industry […]
Route Subsidy
Sri Lanka’s subsidy happy government, which has made short-term handouts the cornerstone of its economic strategy, is now planning to use at least one upcoming subsidy to push through a long-felt shake up in the country’s unruly public transport system.Sri Lanka’s subsidy happy government, which has made short-term handouts the cornerstone of its economic strategy, […]
Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation
Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation.Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation. Dr. P. B. Jayasundera told LBR that the current upward trend in inflation is temporary and […]
Twin Attacks
Sri Lanka is planning to ban the import of two-stroke engine vehicles widely used here in a bid to reduce pollution, the transport secretary said.Sri Lanka is planning to ban the import of two-stroke engine vehicles widely used here in a bid to reduce pollution, the transport secretary said. The move would largely affect the […]
Playing Safe
Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy to hedge its crude imports, Treasury Secretary said.Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy […]
Inventing Impasse
From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power.From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power. “Most of our local […]
Post Paid
Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery.Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery. A midnight […]
Between Lines
Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday.Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday. Stockbrokers LOLC Securities have […]
Clothing Colony
The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment driver this year. The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment […]