Category:
Fantasy Island
Traders at Hikkaduwa protest the 100-metre buffer zone that is preventing them from rebuilding their damaged shops. The entire Hikkaduwa town is within the 100 metre zone. – AFP Sri Lankans are adept at reading the future – they see what’s coming, but sadly, being stuck on an island, have little room to run. Traders […]
Call for You
Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell and Suntel received spectrum from the Telecommunication Regulatory Commission (TRC) to deploy CDMA technology in Sri Lanka. Lanka Bell says they expect to complete the first phase of their deployment in three months. Telecom […]
Employers blasted the governments watered down hire and fire polices
Employers blasted the governments watered down hire and fire polices, they say, will scare foreign investors and be a bottleneck for restructuring sick businesses.Employers blasted the governments watered down hire and fire polices, they say, will scare foreign investors and be a bottleneck for restructuring sick businesses. Top chambers led by the Joint Business Forum […]
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Sri Lanka’s foreign minister ruled out an early resumption of peace talks to end a three-decade conflict with Tamil Tiger rebels but said a deal on disbursing tsunami relief was possible. Sri Lanka’s foreign minister ruled out an early resumption of peace talks to end a three-decade conflict with Tamil Tiger rebels but said a […]
Cyanide Capsule
Moves by the Sri Lankan government to slip in a law to mandate a pay hike among private businesses, has irked top trade chambers and the Employers’ Federation of Ceylon.Moves by the Sri Lankan government to slip in a law to mandate a pay hike among private businesses, has irked top trade chambers and the […]
Asian economic growth is environmentally unsustainable, UN says
Asia’s economic growth rates of as much as 10 percent are causing pollution, stripping forests, depleting fisheries resources and causing other unsustainable environmental losses, a senior United Nations official said. Asia’s economic growth rates of as much as 10 percent are causing pollution, stripping forests, depleting fisheries resources and causing other unsustainable environmental losses, a […]
Waiting Game
The Asian Development Bank has asked Sri Lanka to step up the momentum of tsunami reconstruction and said it was awaiting agreement between Tamil Tiger rebels and the government over relief distribution.The Asian Development Bank has asked Sri Lanka to step up the momentum of tsunami reconstruction and said it was awaiting agreement between Tamil […]
Empty Chest
The Asian Development Bank admits it has not given a cent to Sri Lanka so far, as the US$ 150 mn tsunami assistance programme will only go before its board in mid April, a top official said.The Asian Development Bank admits it has not given a cent to Sri Lanka so far, as the US$ […]
Tsunami damaged industries need a minimum Rs. 1.2 bn to rebuild businesses
Industrial Development Board says micro, small, medium and large scale industries damaged by the December tsunami need a minimum Rs. 1.2 bn to reestablish their businesses.Industrial Development Board says micro, small, medium and large scale industries damaged by the December tsunami need a minimum Rs. 1.2 bn to reestablish their businesses. The findings are part […]
Sethusamudram is for Indian security and will not threaten Sri Lanka economically
India’s US $ 400 mn Sethusamudram canal is aimed at improving Indian security and will not threaten Sri Lanka economically, say experts. India’s US $ 400 mn Sethusamudram canal is aimed at improving Indian security and will not threaten Sri Lanka economically, say experts. Local experts say Sethusamudram will only accommodate feeder vessels and the […]
Slow Pace
Reconstruction of tsunami-hit infrastructure and homes along Sri Lanka’s ravaged coast has been delayed because pledged donor aid is only trickling in and relief agencies are still discussing plans, the government says.Reconstruction of tsunami-hit infrastructure and homes along Sri Lanka’s ravaged coast has been delayed because pledged donor aid is only trickling in and relief […]
Hungry Mouths
HSBC Bank picked up Rs. 400 mn worth of leased backed paper, locking returns for up to four-years.HSBC Bank picked up Rs. 400 mn worth of leased backed paper, locking returns for up to four-years. People’s Leasing Co. issued the lease-backed securities in the form of a direct loan as a cost effective method to […]