Author: lbostgadmin
US Lanka talks on “MegaPorts”
The United States and Sri Lanka will soon enter discussions regarding the island’s participation in “MegaPorts,” a U.S. Department of Energy (DOE) initiative to curb the illicit movement of radioactive materials worldwide. The United States and Sri Lanka will soon enter discussions regarding the island’s participation in “MegaPorts,” a U.S. Department of Energy (DOE) initiative […]
About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for World Bank help
About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for financial assistance from the World Bank. About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for financial assistance from the World Bank. Sri Lanka’s total project allocation for 2004 tops US$ 400 mn, but World […]
Central Bank backs agro growth through credit from formal financial sector, rather than direct intervention
Central Bank’s new thrust to grow the agriculture sector would be backed by credit from the formal financial sector, rather than direct intervention from the bank, officials said.Central Bank’s new thrust to grow the agriculture sector would be backed by credit from the formal financial sector, rather than direct intervention from the bank, officials said. […]
Treasury Secretary invites exporters for talks
The Treasury Secretary gave an open invitation to exporters and SME’s to form industry clusters under the National Council for Economic Development (NCED) on Thursday.The Treasury Secretary gave an open invitation to exporters and SME’s to form industry clusters under the National Council for Economic Development (NCED) on Thursday. Speaking at a seminar on government […]
Reform Pains
Civil rights activists warn that Sri Lanka is in danger of unfavourable reforms because of poor application of international trade agreements. Human rights groups are drawing attention to legal reforms – brought on by multilateral and bilateral trade agreements that can work against the country if not implemented with care.rn rnLegal and other types of […]
Wriggling In
The Inland Revenue Dept is trying to coax the banking sector to give out the national identity card number of its deposit holders.The Inland Revenue Dept is trying to coax the banking sector to give out the national identity card number of its deposit holders. Under the present tax laws, the banks are obliged to […]
Love Lost
Rising inflation and falling reserves is likely to put an end to Sri Lankas eight month long honeymoon with low interest rates.The Central Bank hinted that it is unlikely to keep down short-term interest rates next month, as a declining trend in inflation bottoms out keeping in line with rising consumer prices.rn rnThe bank on […]
Short Break
The industrial sector will get a tariff-hike holiday in the short term when electricity prices are increased next time, assures Treasury Secretary Dr.P B Jayasundara. The industrial sector will get a tariff-hike holiday in the short term when electricity prices are increased next time, assures Treasury Secretary Dr. P B Jayasundara. The last electricity tariff […]
Back Stabbing
A supporter of the breakaway commander who led an unprecedented split in the Tamil Tiger guerrillas in March was gunned down by a fellow inmate at a jail in eastern Sri Lanka Thursday, officials said.rnThe victim was identified by officials as Sathya Master, a key supporter of renegade leader Karuna. rn The Tigers had previously […]
Kind Courtesy
Back in 1992, Ajith Perera was at the top of his game, a Chartered Chemist and at the time, one of the handful of cricket referees and scorers with British training.In 1992 a tree fell across his car near Reid Avenue, paralysing him below the waist and making Perera a statistic, joining the three million […]
Holding Fire
Sri Lanka on Tuesday agreed to sign up to a United Nations treaty to discipline its use of landmines, booby traps and certain other conventional weapons.Sri Lanka on Tuesday agreed to sign up to a United Nations treaty to discipline its use of landmines, booby traps and certain other conventional weapons. The Cabinet has given […]
Terror Stalks Scribes
The Sri Lankan government came under fire from a Parisian based media organization for its poor track record to protect local journalists and suggested an independent Special Investigation Unit with judicial powers be created to reopen inquiries into crimes against reporters. rnrn rnEven as rnthreats against journalists in Eastern Sri Lanka reached alarming levels over […]