Category:
Good Advice
Sri Lanka has to cut the budget deficit and respond correctly to rising oil prices, in order to avoid another setback to the economy, a top private sector professional said.Sri Lanka has to cut the budget deficit and respond correctly to rising oil prices, in order to avoid another setback to the economy, a top […]
Fear of snap election as Sri Lankan president at odds with allies
Sri Lankan President Chandrika Kumaratunga could call a snap election before the end of 2005 because of friction with her Marxist allies over economic reforms and peace talks with Tamil rebels, analysts said Sunday.Under the island’s constitution, Kumaratunga is now allowed to sack parliament and call an early election following the passing at midnight Saturday […]
Doctor Says
Public health experts say ‘the right to health’ is unaffordable for Sri Lanka because the government health service can’t afford to pay damages if more people sue.Public health experts say ‘the right to health’ is unaffordable for Sri Lanka because the government health service can’t afford to pay damages if more people sue. Civil rights […]
We Want More
Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Treasury Secretary and member of the Monetary Board, the decision making […]
Short Circuit
The District Court set a May 3 date to decide on the telco industry’s case against the ICT Agency’s rural telecom licensing process.The District Court set a May 3 date to decide on the telco industry’s case against the ICT Agency’s rural telecom licensing process. The court date was made after the ICT Agency filed […]
Paul Wolfowitz lands top job as World Bank President
The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President.The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President. The Bush […]
Looking East
Sri Lanka is hoping to attract more Chinese tourists to the tsunami-hit island with the introduction of direct air services to Beijing, a top official said Thursday.Sri Lanka is hoping to attract more Chinese tourists to the tsunami-hit island with the introduction of direct air services to Beijing, a top official said Thursday. Ceylon Tourist […]
Millennium Challenge Corporation of US asks Sri Lanka to whip its economy into shape
Mar 31, 2005 (LBO) – The Millennium Challenge Corporation has asked Sri Lanka to whip its economic plan into suitable shape to access funds in its US$ 1 bn kitty. In 2003, Sri Lanka was among a first batch of 16 developing and least developed countries selected to apply for funding from the Millennium Challenge Account (MCA). […]
Top Insurer
The Insurance Board of Sri Lanka has posted Lasinee Seresinhe as it new Director General.The Insurance Board of Sri Lanka has posted Lasinee Seresinhe as it new Director General. Seresinhe was the Officer-in-Charge for the Insurance Board of Sri Lanka for over two years and has been serving the Securities and Exchange Commission (SEC) as […]
Abracadabra
State-run People’s Bank is counting on an asset revaluation plus a Rs. 8 bn cash injection from the Asian Development Bank to stay afloat in the coming years.State-run People’s Bank is counting on an asset revaluation plus a Rs. 8 bn cash injection from the Asian Development Bank to stay afloat in the coming years. […]
Invisible Lines
Three months on from the tsunami, the island’s surveyors are finding that their maps dating back to the 1930s are just not enough to assess the damage to the country’s coast. Three months on from the tsunami, the island’s surveyors are finding that their maps dating back to the 1930s are just not enough to […]
Making Growth
The lagging effects of the agriculture sector took a chunk of growth off Sri Lanka’s industrial sector which contributed 36 percent to the country’s GDP growth.The lagging effects of the agriculture sector took a chunk of growth off Sri Lanka’s industrial sector which contributed 36 percent to the country’s GDP growth. The Central Bank in […]