Category: Other
What Next?
Governments loosen the fiscal purse strings when elections are around the corner. Higher spending to create more jobs and raise salaries is common in the run up to elections. Governments loosen the fiscal purse strings when elections are around the corner. Higher spending to create more jobs and raise salaries is common in the run […]
Ghostbusters
Sri Lanka on Friday announced measures to prevent voters impersonating the tsunami dead as well as special arrangements for those displaced by the calamity to vote in November’s presidential elections. Sri Lanka on Friday announced measures to prevent voters impersonating the tsunami dead as well as special arrangements for those displaced by the calamity to […]
Showtime for Sri Lanka’s century old tea industry
A renovated old tea factory is now housing the one of the most unique industry related museums for tea close to the Kandy town.The venture is supported by all tea related industry associations with some of them extending even financial support. Its promoters say the museum is part of efforts to lift the industry image […]
Close Watch
Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year.Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year. Sri Lanka’s public sector and diplomatic corps, at least since […]
Tea prices expected to grow
Weekly tea prices are slowly edging up, with this weeks auction pushing the monthly average to Rs. 188.43, up from Rs. 181.24 in late August. The annual average however is only some 45 cents higher from late August at Rs. 180.45. Industry watchers say prices will improve further in the coming weeks, especially with the […]
Who Did It?
A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid meant for tsunami survivors.A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid […]
Fashionable Economics
It was only last week that I wrote in these columns that we will soon be entertained by election time economic theories of the soon to be formed alliance between the JVP and the Honorable Prime Minister (Mahinda).It was only last week that I wrote in these columns that we will soon be entertained by […]
Standing Tall
Increasing land prices and demand for houses are pushing developers to launch taller building projects and even larger suburban housing projects. Increasing land prices and demand for houses are pushing developers to launch taller building projects and even larger suburban housing projects. Sri Lankans living abroad and falling interest rates have helped drive property prices […]
Presidential Poll -2005
The Policy – agreement entered between the presidential candidate, Hon.Mahinda Rajapakse the Prime Minister and the Peoples Liberation Front (JVP) for the presidential poll 2005 The Policy – agreement entered between the presidential candidate, Hon. Mahinda Rajapakse the Prime Minister and the Peoples Liberation Front (JVP) for the presidential poll 2005 1 It is hereby […]
Pot Hole Ahead
George Bush is at fault I guarantee that the Mahinda Rajapakse (and perhaps Wimal Weerawansa) campaign will come up with some colourful economics arguments blaming everyone but themselves for the economic mess we are in today with inflation running almost at 15% as opposed to 1% in March 2004. George Bush is at fault I […]
We’re Watching
The Sethusamudram canal set to be operational from 2008 will give a continuous navigable route around the Indian peninsular linking the west coast of India with its east. The Sethusamudram canal set to be operational from 2008 will give a continuous navigable route around the Indian peninsular linking the west coast of India with its […]
Warm Up
Banks have to do dummy runs in calculating their credit and operational risk according to a roadmap on the implementation of new minimum capital rules agreed to with the financial sector regulator.Banks have to do dummy runs in calculating their credit and operational risk according to a roadmap on the implementation of new minimum capital […]