Category: Other
Bring Home the Bacon
A former employee of the Irish Industrial Development Agency (IDA), Aidan Walsh says a country’s investment promotion agency should be independent of politics and need only consult them when budget allocations are affected by an investment decision.A former employee of the Irish Industrial Development Agency (IDA), Aidan Walsh says a country’s investment promotion agency should […]
Hidden Agenda
The plan to break the ceasefire and return to hostilities had been formed by LTTE in 2004, before the tsunami.The plan to break the ceasefire and return to hostilities had been formed by LTTE in 2004, before the tsunami. It is clear from the LTTE leader (VP)’s statement “….faced with the meaningless absurdity of living […]
The tea industry could start off the new year on a low price branch
The tea industry could start off the new year on a low price branch, with the current wet weather weighing down on quality and as a result on auction prices.The weekly sales average is already on a down trend at Rs.193.51 this week, down from Rs. 196.70 in early November trading and Rs.207.69 in 2004. […]
Living It Up
Sri Lanka’s Supreme Court Friday questioned the “excessively high” budget of former president amid allegations that large sums of state funds had been misappropriated just before her retirement.Sri Lanka’s Supreme Court Friday questioned the “excessively high” budget of former president amid allegations that large sums of state funds had been misappropriated just before her retirement. […]
Don’t Kill
Amnesty International has renewed an appeal to grant clemency to three Sri Lankans who are under imminent threat of execution in Saudi Arabia.Amnesty International has renewed an appeal to grant clemency to three Sri Lankans who are under imminent threat of execution in Saudi Arabia. Amnesty International has renewed an appeal to grant clemency to […]
Ageing Process
Ceylon tea was renowned for its quality. Ceylon tea was renowned for its quality. But supplies exceeding demand, higher cost of production and middlemen margins have forced the tea industry to compete on price rather than on quality. Consumers preferring flavored and instant teas are also not helping the local tea industry that produces old […]
Revving Up
Sri Lanka’s new president demanded Friday the launch of a fresh peace process with Tamil Tiger rebels in the ethnically troubled island and “transparent” monitoring of a Norwegian-brokered truce.Sri Lanka’s new president demanded Friday the launch of a fresh peace process with Tamil Tiger rebels in the ethnically troubled island and “transparent” monitoring of a […]
New Motherboard
Sri Lanka will bring in new laws next year to set up a new Reconstruction and Development Authority to speed up rebuilding efforts in tsunami-hit areas, officials said.Sri Lanka will bring in new laws next year to set up a new Reconstruction and Development Authority to speed up rebuilding efforts in tsunami-hit areas, officials said. […]
Plantation workers are the poorest segment, despite steady flow of tea dollars
Plantation workers are the poorest segment in the country despite tea being an export crop and heavy private sector involvement in its trade. Government divested ownership in plantation companies in the early 1990’s which led to productivity gains and some improvement in living conditions of workers. But incidence of poverty in estates increased during the […]
Left Turn
Sri Lanka will start a march towards big government under a new left leaning president soon.Sri Lanka will start a march towards big government under a new left leaning president soon. More state jobs and higher investment to undercapitalised business ventures will add to fiscal pressure. Similar circumstances forced the government to print money last […]
Late Tariff
Fixed line giant Sri Lanka Telecom’s shift to a per-second tariff will be put off until after March 2006, when an appeal in the Supreme Court over its last tariff hike is taken up. Fixed line giant Sri Lanka Telecom’s shift to a per-second tariff will be put off until after March 2006, when an […]
Completely Clueless!
Sri Lankans may have to call on seers for help, as neither presidential candidate in Thursday’s poll, is clear on how they will pay for subsidies or tackle painful economic reforms, analysts said.Sri Lankans may have to call on seers for help, as neither presidential candidate in Thursday’s poll, is clear on how they will […]