Category: Other
Get it Right
Local experts on policy and regulation are calling for a system to better understand effects of regulations before they are adopted.Local experts on policy and regulation are calling for a system to better understand effects of regulations before they are adopted. “Sri Lanka needs to invest in Regulatory Impact Assessment – RIA – to minimise […]
Spaced Out
The international narcotics watchdog wants governments to shut down unlicensed Internet pharmacies, to control the growing threat of Internet drug trafficking.The international narcotics watchdog wants governments to shut down unlicensed Internet pharmacies, to control the growing threat of Internet drug trafficking. “Several billion of doses of medicine are sold illicitly on the Internet per year, […]
Inside the CEB
The Ceylon Electricity Board’s restructuring is the hottest political and economic story these days.Though the tsunami destroyed more than 70,000 houses, Sri Lanka’s power demand has been establishing new records. Last month Sri Lanka’s electricity hit a new peak of 1604 megawatts. The Ceylon Electricity Board’s restructuring is the hottest political and economic story these […]
Feathered Talk
The tsunami has affected the hotel trade in two ways. More than the physical damage to infrastructure, the sector was hit by cancellations.Tourism firms that managed to escape the worst effects had strategies to reduce cancellations. The tsunami has affected the hotel trade in two ways. More than the physical damage to infrastructure, the sector […]
Legal Wrangle
Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties.Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties. The latest proposal is a legal techniques knows a Declaration of Trust, where a group of […]
Potting Pirates
Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Security arrangements of […]
Panacea: Investment
A top World Bank official said the challenge facing the government after the tsunami is to prioritize investment needs.A top World Bank official said the challenge facing the government after the tsunami is to prioritize investment needs. Mohamed Muhsin, a Vice President of the World Bank also said momentum and results of post tsunami reconstruction […]
Who needs money?
Minimum capital requirement for commercial banks was raised five fold to Rs.2.5 billion by the Monetary Board.Minimum capital requirement for commercial banks was raised five fold to Rs. 2.5 billion by the Monetary Board. Banks have till 2007 to meet the new capital targets but have to raise minimum capital to Rs. 1.5 billion by […]
Urgent Matter
The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists.The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists. “From April 2004, up to now, […]
Regulation Helps
The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing profession like in the US and Europe. The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing […]
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 […]
One Voice
Sri Lankan legislators called Tuesday for a single body to issue warnings on potential natural diasters after broadcasters complained of a lack of information about Monday’s tsunami alert.Sri Lankan legislators called Tuesday for a single body to issue warnings on potential natural diasters after broadcasters complained of a lack of information about Monday’s tsunami alert. […]