Category:
Going Somewhere?
Sri Lanka among Asian countries most affected by brain drain, says World Bank study.Sri Lanka among Asian countries most affected by brain drain, says World Bank study. Sri Lanka among countries that see a relatively large proportion of educated people migrating in search of greener pastures, says latest World Bank study on international migration. Although […]
False Alarm
Ceylon Petroleum Corporation trade unions say they will not go on strike over a new refinery project, pending a meeting with Premier Mahinda Rajapakse.Ceylon Petroleum Corporation trade unions say they will not go on strike over a new refinery project, pending a meeting with Premier Mahinda Rajapakse. “We objected because we were not fully aware […]
A Little Help
The Central Bank said it is initiating a UNDP funded US$ 1 mn micro financing scheme to revive micro enterprises affected by last December’s tsunami.The Central Bank said it is initiating a UNDP funded US$ 1 mn micro financing scheme to revive micro enterprises affected by last December’s tsunami. The late effort hopes to give […]
SLIC
Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, are acting in a manner that is detrimental to the banking sector.Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, […]
Serious Business
Sri Lanka President Chandrika Kumaratunga Tuesday set up a ministry to exploit the island nation’s petroleum potential and named herself as its minister, a government statement said.Sri Lanka President Chandrika Kumaratunga Tuesday set up a ministry to exploit the island nation’s petroleum potential and named herself as its minister, a government statement said. Kumaratunga’s office […]
Sri Lankan president, main rival agree on bipartisan peace approach
Sri Lanka’s president and her main political rival have agreed for the first time to forge a bipartisan approach to the island’s peace process aimed at ending decades of ethnic bloodshed, officials on both sides said Tuesday.Sri Lanka’s president and her main political rival have agreed for the first time to forge a bipartisan approach […]
Life Cover
US based AIG Insurance went to court on Monday, to transfer the life portfolio of its Sri Lankan unit to Sri Lanka Insurance Corp., officials said. US based AIG Insurance went to court on Monday, to transfer the life portfolio of its Sri Lankan unit to Sri Lanka Insurance Corp., officials said. Hayleys AIG – […]
Be Humane
The UN tells IMF, World Bank and World Trade Organisation to respect human rights, instead of only focussing on money. The UN tells IMF, World Bank and World Trade Organisation to respect human rights, instead of only focussing on money. Such international bodies as the World Bank, the International Monetary Fund (IMF) and the World […]
Hanky Panky
Sri Lanka’s main opposition Sunday demanded the postponement of the annual budget until after the presidential vote next month, arguing that the government may use it to boost its electoral fortunes.Sri Lanka’s main opposition Sunday demanded the postponement of the annual budget until after the presidential vote next month, arguing that the government may use […]
Small is beautiful
An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand.An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand. TATA is […]
Back to the Wall
Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer.Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer. […]
Conflict of “Interest”
Commercial Bank’s Chairman Mahendra Amarasuriya says he has secured 30 percent shareholder support to back him in next month’s Extraordinary General Meeting (EGM) convened to oust him form the board.Commercial Bank’s Chairman Mahendra Amarasuriya says he has secured 30 percent shareholder support to back him in next month’s Extraordinary General Meeting (EGM) convened to oust […]