Category:
‘s a curse
Mar. 19 (LBO) – A prominent parliamentarian representing the minority Tamil community had branded a controversial government decision to tax television programs imported for the entertainment of minority communities as discriminatory.“It is absurd and discriminatory,” said N Raviraj member for the Jaffna district representing the Tamil National Alliance. The government has decided to charge a […]
Not all negative on growth prospects for 2006
Mar. 19 (LBO) – Out of more than 1200 readers who responded to an online poll on LBO (33.57 percent) has said Sri Lanka would not achieve 8 percent growth in 2006, while one-sixth (16.98 percent) said the country would never reach 8 percent economic growth. The definite nay sayers totaled 50.55 percent. Meanwhile another […]
Tick Tock
Mar 18 (LBO) – Energy consultant Thilak Siyambalapitiya joins in the lively debate on the link between electricity usage and Sri Lanka’s decision to turn back the clock after ten-years. Hence the reasons to retain the present timing at GMT+6 are very strong indeed. There is absolutely no truth in the reported claim that school […]
Good Marks
Mar. 17 (LBO) – Sri Lanka’s Central Finance Company Ltd., picked up a A+(sri) credit rating from Fitch Ratings Lanka Ltd for their senior unsecured long-term debt, the agency said Friday. While an A (sri) rating indicates low credit risk, Central Finance is still vulnerable to external changes like shifts in macro economic conditions, Fitch […]
Sri Lanka splashes US$ 1 mn to lure Indian holidaymakers
Mar 17 (LBO) — Sri Lanka will launch a US$ 1 million ad campaign into India on Saturday, to entice travelers from Delhi, Mumbai and Bangalore to come experience the island. -Zainab Ibrahim: zainab@ The country, famed for its beaches, cultural tourism and wildlife holidays, is selling on its diversity and its close proximity off […]
Brand Bible
Mar. 17 (LBO) — Sri Lanka’s top brands, from tea to popular ayurvedic balms could get a listing in a global catalogue of super-brands, by September this year.A global body set up to recognise brands, Superbrands is in over 50 countries, giving selected companies a host of promotional benefits. About 600 local and international brands […]
Norway names Middle East expert to head Sri Lanka peace process
Mar. 17 (LBO) – Peace broker Norway Friday named a Middle East expert as Sri Lanka’s new special envoy amid fears that the government and the Tamil Tiger rebels may skip the second round of talks next month. Jon Hanssen-Bauer, 53, replaces Erik Solhem and will be responsible for day-to-day contact with the Colombo based […]
Normal or peculiar standard time?
Mar. 16 (LBO) — The President has announced that Sri Lanka’s clocks are to follow Indian Standard Time (IST) with effect from April 13th, 2006. This means that Sri Lanka will henceforth be at Coordinated Universal Time +5:30 or UTC+5:30, instead of UTC+6 as we are now. UTC is the officially accepted term for what […]
Direct Link
Mar. 16 (LBO) – Deutsche Bank AG’s Colombo branch plans to scale up its presence here by luring big corporates and multinationals to use their state of the art cash management and electronic banking system. “We have no plans to do retail banking in Sri Lanka. But we want to grow our business by focusing […]
Brush Up
Mar16 (LBO) – Sri Lanka’s Central Bank has finalised several amendments to the Banking Act that will strengthen its ability to implement regulatory directions, officials said. The Central Bank had run even run into obstacles in getting banks to comply with the recent directive to increase core capital of specialised banks to Rs1.5billion. Ceylinco Development […]
Normal or peculiar standard time?
Mar. 16 (LBO) — The President has announced that Sri Lanka’s clocks are to follow Indian Standard Time (IST) with effect from April 13th, 2006. This means that Sri Lanka will henceforth be at Coordinated Universal Time +5:30 or UTC+5:30, instead of UTC+6 as we are now. UTC is the officially accepted term for what […]
Sri Lankan public servants disrupt work, demanding higher pay
Mar. 16 (LBO) – Hundreds of Sri Lankan public servants marched into the city of Colombo Thursday demanding higher wages as part of a one-day nationwide strike, which disrupted work in rail, postal and health services, union officials said. -Mel Gunasekera: mel@ The Public Sector Salary Review Trade Unions Committee, an umbrella of 200 unions […]