Author: Shamindra Kulamannage
‘s expensive social safety net at crossroads
July 20, 2007 (LBO) – Tiny homesteads, tea gardens on hillocks nestled above rain fed paddyfields lining the roads, are typical of the rural village of Omantha, where its poor inhabitants depend on agriculture for a living. . The village, in the Kalutara district, is just 50 kilometers of Sri Lanka’s commercial capital Colombo and […]
Sri Lanka Telecom sale gets cabinet ok; next step management deal
May 25, 2007 (LBO) – Prospective Malaysian shareholders of Sri Lanka Telecom are seeking wide-ranging management control to purchase a 25 percent stake currently owned by Japan’s NTT through a shareholders’ agreement being negotiated among the three parties. Watertight Sources familiar with the deal’s provisions claimed it could also undermine telecom regulation in the future […]
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