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LBO Pictures from the JVP Protest Friday
A JVP poster litters Parliament Road after security forces thwarted an attempt by the Marxist party’s supporters from marching up to the Parliamentary complex Friday. Sittings in Sri Lanka’s parliament was suspended after members of a the Marxist Janatha Vimukthi Peramuna held a noisy, black flag protest against a controversial aid share deal with the […]
More Money
Senkadagala Finance raised Rs. 150 mn in fresh funds through a higher-purchase receipts backed debenture.Senkadagala Finance raised Rs. 150 mn in fresh funds through a higher-purchase receipts backed debenture. The private placement, structured by Investec Capital, is in line with Senkadagala Finance’s strategy to mobiles a larger part of its funds from low cost sources. […]
New leaves in tea output despite low grown losses
Sri Lanka’s tea crop grew by a marginal 4 million kilos over 2004, despite the country’s low grown sector still recovering from the December tsunami devastation.Tea production in May at 31.5 million kilos tips 2004’s 30.4 million kilos output, but falls short of the all time high of 33.6 million kilos posted in 2002. May’s […]
Aid Risk
Risk factors like the tsunami with large numbers of displaced in makeshift shelters, is threatening to grow Sri Lanka’s low HIV infection rate, the United Nation warns.Risk factors like the tsunami with large numbers of displaced in makeshift shelters, is threatening to grow Sri Lanka’s low HIV infection rate, the United Nation warns. Mounting poverty […]
Sri Lanka set to enter aid deal with Tigers, Marxists warn of protests
Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for post-tsunami reconstruction, official sources said Thursday, as Norway kept up shuttle diplomacy to save the faltering peace process.Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for […]
Norway gives Sri Lanka Rs. 300 mn, says more aid depends on Joint Mechanism
Norway will give Sri Lanka a further Rs.300 mn to revive a tsunami hit fisheries sector, but says more funding will come only when an aid sharing deal with Tamil Tiger rebels is in place.Norway will give Sri Lanka a further Rs. 300 mn to revive a tsunami hit fisheries sector, but says more funding […]
Insuring Sampath
Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network.Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network. The bank’s Managing Director Anil Amarasuriya on Wednesday said that the projects was in its conceptual stage and would need approval from its board of directors along with […]
Got It
Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue.Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue. Through this listing HNB will place 1,766,470 GDRs in Luxembourg at an […]
Sri Lanka closes the gap on its trade deficit
Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. The […]
Sowing SEEDS
Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro finance institutions, however, have had better success. Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro […]
The JVP’s biggest achievements
JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, cutting of waste in ministries, and using the savings to buy a bus for ministry workers to travel.JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, […]
Flight Control
The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, for a better handle on passenger protection. The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, […]