Author: lbostgadmin
Central Bank keeps its short-term interest rates unchanged, for the 12 consecutive month
Central Bank puts off raising short-term interest rates for the 12 consecutive month, in the face of galloping inflation.Central Bank puts off raising short-term interest rates for the 12 consecutive month, in the face of galloping inflation. The bank left its repurchase rate, at which it drains money from the banking system, at 7.0 percent, […]
The European Commission is putting up grants up to Rs12.5 mn under its Small Projects Facility.
The European Commission is inviting project proposals to provide grants up to Rs 12.5 mn under its Small Projects Facility (SPF). The European Commission is inviting project proposals to provide grants up to Rs 12.5 mn under its Small Projects Facility (SPF). Project proposals can be submitted by Sri Lanka based non-profit legal entities, governmental […]
The Treasury has “no good news” on tax anomalies
The Treasury says it has no “good news” to offer in terms of rectifying tax anomalies and says belt up and pay up to prosper.The Treasury says it has no “good news” to offer in terms of rectifying tax anomalies and says belt up and pay up to prosper. “I have no good news,” said […]
Delayed Post
Postal Department employees will go on over-time-strike from twelve midnight on Monday until over time dues for September are paid.Postal Department employees will go on over-time-strike from twelve midnight on Monday until over time dues for September are paid. “From midnight today we will not do the over time shifts until the pay us our […]
Global tour operating giant TUI AG takes up 25% slice in Aitken Spence Travel Ltd
Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday destination. Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday […]
Gold Mine
Sri Lanka’s Central Bank Tuesday raised the price of its commemorative gold coins by 43.75 percent as it ended a four-month suspension on the sale of precious metal coins.Sri Lanka’s Central Bank Tuesday raised the price of its commemorative gold coins by 43.75 percent as it ended a four-month suspension on the sale of precious […]
No Can Do
The Central Bank on Tuesday warned the public that Kandy based Lankawin Finance Company Limited was taking deposits without a license under the Finance Company’s Act.The Central Bank on Tuesday warned the public that Kandy based Lankawin Finance Company Limited was taking deposits without a license under the Finance Company’s Act. “The public is informed […]
Boiling Point
A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in three slabs.A Water Board proposal to hike tariffs could see rates doubled, with 70 percent of domestic users in the first 20 unit band, seeing prices raised in […]
Ringing Twice
The postal service loses about Rs. 8 for every letter they deliver in the island.The postal service loses about Rs. 8 for every letter they deliver in the island. The service is today mostly used for corporate mail like sending phone bills to bank statements. Most of this mail is sent by companies that don’t […]
Labour Love Lost
Globalization has many critics especially in poor countries.Globalization has many critics especially in poor countries. The dismal working conditions for employees in some export industries have given the global market the image of one that serves only the rich. But in reality globalization has created millions of jobs around the world and helped lift people […]
‘s forests and wildlife sanctuaries is an expensive business for the cash strapped government
Managing the country’s forests and wildlife sanctuaries is an expensive business for the cash strapped government.Managing the country’s forests and wildlife sanctuaries is an expensive business for the cash strapped government. The leisure industry sees huge potential in nature related tourism and is keen to help raise awareness about the wildlife product here and conserve […]
More Power
SriLankan Airlines will deploy their first mainline freighter aircraft to carry the increasing cargo loads to China and the Middle East.SriLankan Airlines will deploy their first mainline freighter aircraft to carry the increasing cargo loads to China and the Middle East. The airline is looking for a wide-bodied A 310 aircraft to join two smaller […]