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Sri Lanka should import proven leadership talent: business executive
Nov 03, 2009 (LBO) – Sri Lanka should consider importing people with proven track records to run government as native leaders have consistently failed to deliver and develop the country after independence from Britain, a senior private sector executive has said. “When a company fails and has continuous losses, what do you do? The management […]
Sri Lanka tables interim budget
Nov 03, 2009 (LBO) – Sri Lanka has presented an interim plan to parliament ahead of polls expected in the first quarter of 2010 seeking permission from lawmakers to spend up to a third of last year’s budget.Government spending has been reined in somewhat under a deal agreed with the International Monetary Fund with strict […]
Sri Lanka protests US plans to quiz army chief
November 2, 2009 (AFP) – Sri Lanka protested Monday against plans by US officials to quiz its top military commander over alleged war crimes committed during the final months of the war with Tamil Tiger rebels.The US plan to interview Fonseka followed the recent publication of a US State Department dossier outlining allegations of serious […]
Sri Lanka protests at US plan to quiz military chief: report
November 2, 2009 (AFP) – Sri Lanka summoned the United States ambassador in Colombo on Monday to protest over US plans to quiz the island’s military commander about alleged war crimes, a report said.The report covered the period from January — when fighting intensified — until the end of May, when Sri Lankan troops defeated […]
‘s strategic and economic policies: Walk the talk?
Nov 02, 2009 (LBO) – One of the grave dangers of the Great Recession and the Jobless Recoveries in various countries is the resurgence of protectionism and withdrawal into Fortress NAFTA, Fortress Europe, and so on. It happened in the 1930s and it can happen again. Asian leaders and thinkers (in some countries at least) […]
15 feared dead as unidentified boat sinks off Australia
SYDNEY, November 2, 2009 (AFP) – About 15 people were feared dead on Monday after a boat carrying 39 sank in rough seas far off northwest Australia despite frantic rescue attempts by a passing merchant ship and fishing vessel.Defence chief Angus Houston said the unidentified boat capsized and then sank after the LNG Pioneer ship […]
Sri Lanka Continental for sale: report
Nov 01, 2009 (LBO) – Sri Lanka’s Hotel Ceylon Continental controlled by business magnate Nahil Wijesuriya is up for sale and the deal may be closed within two months, a media report said. Sri Lanka’s tourism authorities have legal powers to dictate pricing of hotels. “I am aggressively seeking to sell the property and hope […]
US Quizz
November 1, 2009 (AFP) – Sri Lanka called on US authorities to drop plans to interview the island’s military commander over allegations of war crimes against ethnic Tamil rebels, an official said Sunday. The Colombo government held “very high-level” talks to prevent General Sarath Fonseka, currently visiting Oklahoma, from being quizzed over his conduct during […]
Sri Lanka needs rulers who respect law and order: senior executive
Nov 01, 2009 (LBO) – Sri Lanka’s private sector should support lawmakers who respect law and order to bring about a free, fair and just society, which is the basis of democracy, a senior private sector executive has said. An attempt to set up independent commissions to create institutions that serve the people without favour […]
Fiscal Rates
Oct 31, 2009 (LBO) – Sri Lanka finance ministry would issue a circular directing state banks to cut lending rates and there was a possibility of private banks being also directed to cut lending rates through the island’s monetary authority, a government minister said.Sri Lanka’s powerful president Mahinda Rajapaksa ordered state bank to cut lending […]
Legal Seminar
Oct 31, 2009 (LBO) – A seminar on the implications on Sri Lanka’s the new company law featuring senior legal experts targeted at educating director, chief executives, senior managers and corporate lawyers will be held on November 05. Its organizers Legal & Financial Advisory Services, a legal consultancy, and Marketing Services, a marketing consultancy, say […]
‘s former rebels
October 30, 2009 (AFP) – The United States on Friday announced funding for up to 1,000 former Tamil guerrillas to reintegrate in society by starting their own businesses or learning new skills. The US embassy here said they were giving equipment and supplies to ex-fighters while vocational training was also being made available to help […]