Category: Other
Forgotten Homework
World Bank says the country has lost the education advantage it had in Asia but second generation reforms of the sector can help Sri Lanka regain lost ground. World Bank says the country has lost the education advantage it had in Asia but second generation reforms of the sector can help Sri Lanka regain lost […]
Pass The Book
Finance companies will soon start accepting savings deposits after the regulator the Central Bank gave them clearance from February this year. Finance companies, that have been asking to be allowed to raise savings deposits for years, will however have to cap their interest rates on these deposits to the weighted 3 month Treasury bill rate […]
Axe It
Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers.Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers. Labour Minister Gazetted the formula last month that gives up to 48 […]
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 […]
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 […]
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 […]
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, […]