Author: lbostgadmin
Vocal Support
Sri Lanka’s appalling record in the area of gender equality in politics and governance at the grassroots will be the focus of a unique national summit of women in Colombo later this month.Sri Lanka’s appalling record in the area of gender equality in politics and governance at the grassroots will be the focus of a […]
Extended Family
National carrier, SriLankan Airlines acquired its fifth Airbus A320 aircraft which raises its fleet strength to 17. National carrier, SriLankan Airlines acquired its fifth Airbus A320 aircraft which raises its fleet strength to 17. The airline plans to get as many as five more aircraft this year. Of the five, the airline plans to acquire […]
Second Class?
A government decision to hit foreign purchases of land with a 100 percent transfer tax could backfire by driving away foreign investments and hurting local companies. A government decision to hit foreign purchases of land with a 100 percent transfer tax could backfire by driving away foreign investments and hurting local companies. The government plans […]
Gold Mine
The Land & Property sectors has been a top favourite of local punters, but stockbrokers LOLC Securities says investors should take a closer look at the valuation of these shares. The Land & Property sectors has been a top favourite of local punters, but stockbrokers LOLC Securities says investors should take a closer look at […]
Full Stop
The Treasury has put a lid on government owned entities from investing surplus funds through private owned financial institutions with immediate effect. The Treasury has put a lid on government owned entities from investing surplus funds through private owned financial institutions with immediate effect. The Treasury is going by an existing rule under Section 11 […]
Chapter Close
Ending months of tragic tales, the Central Bank says it is ready to reimburse small depositholders of the failed Pramuka Savings & Development Bank, once liquidation process gets off the ground shortly. Ending months of tragic tales, the Central Bank says it is ready to reimburse small depositholders of the failed Pramuka Savings & Development […]
Faith Healing
The role faith plays in generating pro poor growth is difficult to measure but most agree such a connection exists as religions promote the highest of human values, reject violence and direct followers to create a just world. In a multi cultural and multi religious society like Sri Lanka however, interfaith harmony is needed for […]
Pulse Gets Weaker
Government may have to re-capitalize People’s Bank for the third time, if the bank is to meet capital adequacy requirements next year.Government may have to re-capitalize People’s Bank for the third time, if the bank is to meet capital adequacy requirements next year. With privatization no longer an option, the bank is to forward alternate […]
The UNP says that millions of World Bank dollars may be lost if the government doesn’t present its own poverty reduction strategy soon.
The main opposition United National Party says that World Bank funds running into millions of dollars may be lost if the government doesn’t come up with its own poverty reduction strategy soon.The main opposition United National Party says that World Bank funds running into millions of dollars may be lost if the government doesn’t come […]
G-Mail
The US Agency for International Development (USAID) has shifted its assistance to top gear infusing US$ 7 mn to be disbursed over a two-year period. The US Agency for International Development (USAID) has shifted its assistance to top gear infusing US$ 7 mn to be disbursed over a two-year period. Projects ranging from human development, […]
Nasty Bug
The government is trying a backdoor move to slip in a clause that classifies local firms, which are 25 percent foreign owned, as non-citizens.The government is trying a backdoor move to slip in a clause that classifies local firms, which are 25 percent foreign owned, as non-citizens. The clause was quietly slipped into the Tax […]
Weekly Confession
The Sri Lankan government has relaxed its guard over the souls of its citizens and is giving gifts from the public purse to uphold religious belief instead.The Sri Lankan government has relaxed its guard over the souls of its citizens and is giving gifts from the public purse to uphold religious belief instead. On Thursday, […]