Category: Other
Keeping the Balance
International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on maintaining macro economic balance and financial stability. International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on […]
Musical Chairs
About 228 directors presently sitting on boards of Sri Lankan commercial and specialised banks may soon be out of job, if they fail to pass the Central Bank’s upcoming litmus test. About 228 directors presently sitting on boards of Sri Lankan commercial and specialised banks may soon be out of job, if they fail to […]
Tsunami Act
Sri Lanka is to arm itself with tough emergency laws before a major post-tsunami reconstruction effort which has secured unprecedented international financial backing, officials said. Sri Lanka is to arm itself with tough emergency laws before a major post-tsunami reconstruction effort which has secured unprecedented international financial backing, officials said. The laws proposed by President […]
Deal?
Top bureaucrats were frantically trying to secure a deal with the LTTE for relief to reach thousands affected by the Tsunami in areas under their control. Top bureaucrats were frantically trying to secure a deal with the LTTE for relief to reach thousands affected by the Tsunami in areas under their control. Government still has […]
Land Grab
Battered victims of Sri Lanka’s tsunami, are facing another blow as the government draws up plans to grab their only remaining asset, the piece of valuable coastal land where they used to live.Battered victims of Sri Lanka’s tsunami, are facing another blow as the government draws up plans to grab their only remaining asset, the […]
Day2 Update 9 – There’s Hope
Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating tsunami, which killed an estimated 11,500 and left more than a million homeless in the island nation of 19 million.Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating […]
‘s Hope
Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating tsunami, which killed an estimated 11,500 and left more than a million homeless in the island nation of 19 million.Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating […]
Do it Gingerly
Farmers’ contribution to the economy has been falling as industries and service sector businesses take over. Farmers’ contribution to the economy has been falling as industries and service sector businesses take over. Agriculture accounts for one fifth of the economy despite half the population depending on it for a living.Farmers are poor because they can’t […]
Green Battles
A local environmental body has agreed to drop charges against the state for illegal encroachment into the Muthurajawela Sanctuary, but is lobbying for a dedicated Wetland Conservation Act.A local environmental body has agreed to drop charges against the state for illegal encroachment into the Muthurajawela Sanctuary, but is lobbying for a dedicated Wetland Conservation Act. […]
Banking on IT
A top CitiGroup executive said adapting to and leveraging technology is the biggest challenge facing banks around the world. A top CitiGroup executive said adapting to and leveraging technology is the biggest challenge facing banks around the world. Victor Menezes a Senior Vice Chairman of Citi Group told LBR that banks in the sub continent […]
The House Jack Built
Who’s complaining when you can build a house for just Rs.150,000? A 580 sq. ft. house with two verandas, a bedroom, a hall and a kitchen costs only Rs. 150 000. Who’s complaining when you can build a house for just Rs. 150,000? A 580 sq. ft. house with two verandas, a bedroom, a hall […]
The Fact is…
Financial sector regulator called for banks and their auditors to work closely to ensure banks’ financial statements reflect their true position.Financial sector regulator called for banks and their auditors to work closely to ensure banks’ financial statements reflect their true position. Central Bank says this will help enhance the reputation of banks among the industry […]