Author: lbostgadmin
Carrot & Stick
At long last a dedicated institute for higher education in technical subjects has made its way to Cabinet.At long last a dedicated institute for higher education in technical subjects has made its way to Cabinet. “The proposal for the Institute of Technology in Moratuwa is now before Cabinet,” said Secretary to the Ministry of Vocational […]
Dropping the Bar
Despite some of the best environmental standards in the region, Sri Lanka may do better to set its sights on less rigorous regulations that it actually can achieve.Despite some of the best environmental standards in the region, Sri Lanka may do better to set its sights on less rigorous regulations that it actually can achieve. […]
Getting Better
The BBB+ (sri) rated People’s Bank has wiped off its negative networth in March, but is still short of Rs. 11 bn to meet minimum capital requirements. The BBB+ (sri) rated People’s Bank has wiped off its negative networth in March, but is still short of Rs. 11 bn to meet minimum capital requirements. Desperate […]
The Govt. asked the private sector to cough up Rs. 400 mn to rehabilitate 1,000 reservoirs
The United People’s Freedom Alliance wants the private sector to cough up Rs.400 mn to rehabilitate 1,000 reservoirs as part of a programme for rural development.The United People’s Freedom Alliance wants the private sector to cough up Rs. 400 mn to rehabilitate 1,000 reservoirs as part of a programme for rural development. Speaking to a […]
Light Harvest
Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August.Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August. The slender […]
Land Grab
The government cancelled 528 land transactions under the Land Reclamation Commission (LRC) on Thursday.The government cancelled 528 land transactions under the Land Reclamation Commission (LRC) on Thursday. All land transactions between January 2002 and March 2004, of State land under the LRC, are cancelled as of now, said the Cabinet spokesman Mangala Samaraweera on Thursday. […]
Too Much?
A top audit expert is asking authorities close ownership loopholes on investment trusts, as capital market regulators tighten the noose on auditors and listed companies. A top audit expert is asking authorities close ownership loopholes on investment trusts, as capital market regulators tighten the noose on auditors and listed companies. The requests comes as the […]
Good Standing
Fitch Ratings Lanka Ltd (FRL) assigns BBB+ (sri) (Triple B plus) national rating for Implied Long-term unsecured Senior Debt of People’s Bank (PB). Fitch Ratings Lanka Ltd (FRL) assigns BBB+ (sri) (Triple B plus) national rating for Implied Long-term unsecured Senior Debt of People’s Bank (PB). BBB+ (sri) long-term rating indicates that there is currently […]
‘s ISGA proposal
Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had rejected the controversial guerrilla blueprint for peace Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had […]
Ctrl+Alt+Delete
The Central Bank has decided to wind up Pramuka Savings & Development Bank’s operations, following a Monetary Board meeting late Tuesday. The Central Bank has decided to wind up Pramuka Savings & Development Bank’s operations, following a Monetary Board meeting late Tuesday. The Bank has opted for it after carefully studying Asia Capital’s restructuring proposal […]
Mr. H
Trade unions in People’s Bank are calling upon members who have been involved in the GoldQuest scheme to come forward and seek their assistance if they are scared to come forward individually.Trade unions in People’s Bank are calling upon members who have been involved in the GoldQuest scheme to come forward and seek their assistance […]
Slow Coach
The term ‘slow coach’ is not a way of poking fun in Sri Lanka – it’s a reality.In some parts of the country the local trains go at five miles per hour.The term ‘slow coach’ is not a way of poking fun in Sri Lanka – it’s a reality. In some parts of the country […]