Author: Niranji Jayawardena
Sri Lanka insurer to cover graduate study
Aug 01, 2010 (LBO) – Sri Lanka’s Chartis Insurance has tied up with an information technology school to cover degree study costs of students who lose support owing to the loss of their parent or guardian, officials said. In the event of accidental death or dismemberment affecting a parent or guardian, the student will receive […]
Credit Line
July 7, 2010 (LBO) – Sri Lanka’s Lanka Orix Leasing Company will expand credit to war torn northern and eastern areas of the country armed with a credit line from the French government, officials said. PROPARCO, the private sector funding arm of the French foreign aid agency gave a 10 million euro credit line to […]
Sri Lanka tuition ban will hurt poorer students: lawmaker
June 18, 2010 (LBO) – A state decision to ‘ban’ tuition classes in Sri Lanka on Sundays will hurt poor families most as richer people will still be able to bring individual private tutors to their homes, an opposition lawmaker has warned. Police have already started to ‘raid’ cheaper mass tuition classes in rural areas […]
Sri Lanka to crack down on plastic use around capital
June 15, 2010 (LBO) – Sri Lanka’s western province, where the capital Colombo is located will crack down on the use of plastics and polythene, especially for promotional activity and decorations, officials said. The regional administration is drafting new laws to ban the use of polythene for promotional purposes and impose heavy fines on people. […]
Sri Lanka conservationists in push to restore mangrove eco-system
May 29, 2010 (LBO) – Large swathes of abandoned shrimp farms in a coastal lagoon in Sri Lanka’s western coast could be returned to its former glory as a mangrove eco-systems if an ambitious plan by a conservation charity succeeds, officials said. “When people realized that this is a profitable activity they started, looking for […]
Sri Lanka insurer says Northern volumes up
May 02, 2010 (LBO) – HNB Assurance, a fast growing insurer says volume expansion in Sri Lanka’s north is ‘exceptional’ as the region recovers from a 30-year war and links are restored with the rest of the island. The company now has 540 staff up from 25 in 2001. HNB Assurance says it was able […]
Sri Lanka labour force growth to lag region
Dec 26, 2009 (LBO) – Sri Lanka’s labour force has grown an average 1.0 percent from 1990 to 2008, and is projected to grow by only 0.3 percent a year till 2020 trailing other Asian nations, with low female participation, a government report has said. “This is driven by expected declines in the adult male […]
‘s Jaffna to get new power plant
Oct 10, 2008 (LBO) – A new 36 MegaWatt power plant that will come online in the northern Jaffna peninsular at the end of the month ending power cuts in the area, officials said. At the moment the Jaffna grid of the state-run Ceylon Electricity Board (CEB), is isolated from the rest of the national […]
Sri Lanka taxable workers to shrink, creating multiple crises
Aug 25, 2008 (LBO) – Sri Lanka’s government will run out of working people to tax in the future, as retirees increase and the workforce shrinks, creating a crisis that will leave a rapidly ageing population unprotected, a top financial analyst has warned.To recieve instant alerts from LBO on your Dialog mobile type ‘act (space) […]
Sri Lanka buffer zone forces fisher folk into other work: survey
Sept 12, 2007 (LBO) – A controversial buffer zone that banned re-building of homes of Sri Lankan victims near the coast after the December 2004 tsunami has forced fisher folk out of their traditional livelihood, a survey has found. “But there is urgent need to look around us not only look forward. There are still […]