Category:
On the Road
European Commission (EC) makes € 39.4 million grant to Asian Development Bank (ADB) for tsunami rehabilitation in Sri Lanka. European Commission (EC) makes € 39.4 million grant to Asian Development Bank (ADB) for tsunami rehabilitation in Sri Lanka. The Euros will go into the ADB’s Tsunami-Affected Areas Rebuilding Project (TAARP), to rehabilitate 270 kilometers of […]
Growing Sideways
Defaulters’ turning a new leaf and government lending, has helped Bank of Ceylon’s bottomline grow by 20 percent for the nine months to Sept.’05. Defaulters’ turning a new leaf and government lending, has helped Bank of Ceylon’s bottomline grow by 20 percent for the nine months to Sept.’05. Sri Lanka’s largest bank, also saw its […]
Speed to Market
Logistics giant DHL expects double-digit growth next year, led by the apparel industry, but slower than expected growth in garments could stifle the momentum in a few years.Logistics giant DHL expects double-digit growth next year, led by the apparel industry, but slower than expected growth in garments could stifle the momentum in a few years. […]
‘ Guide
The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather switch shops than swap brands. The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather […]
‘s inflation
Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]
Sri Lanka civil war could reverse tsunami recovery: Clinton
The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to rebuild after last year’s devastating tsunami.The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to […]
Catch 22
State-run National Savings Bank’s net profits slip 13 percent as rising interest rates and stiff competition from private banks puts pressure on its bottomline. State-run National Savings Bank’s net profits slip 13 percent as rising interest rates and stiff competition from private banks puts pressure on its bottomline. Selected Indicators:
Matching Targets
State-run People’s Bank has met its performance targets for this year, but a promised capital injection is yet to materialise.State-run People’s Bank has met its performance targets for this year, but a promised capital injection is yet to materialise. The technically insolvent bank said Tuesday that its net profits were down 10.6 percent to Rs. […]
Friendly Hand
Sri Lanka on Tuesday picked up a Rs.80 million (JP¥ 90 million) grant to draw up plans to renovate the Jaffna Teaching Hospital, the finance ministry said. Sri Lanka on Tuesday picked up a Rs. 80 million (JP¥ 90 million) grant to draw up plans to renovate the Jaffna Teaching Hospital, the finance ministry said. […]
Be Careful
Low condom use and thriving sex trade makes Sri Lanka a hot bed for AIDS.Low condom use and thriving sex trade makes Sri Lanka a hot bed for AIDS. Sri Lanka had around 4,800 HIV-infected people, including children, by end of 2002 which is a low prevalence rate compared to the total population of 19 […]
Clinton in Sri Lanka for tsunami recovery tour
The United Nations special envoy for tsunami recovery, former US president Bill Clinton, arrived in Sri Lanka to inspect reconstruction efforts in the island nation, UN officials said. The United Nations special envoy for tsunami recovery, former US president Bill Clinton, arrived in Sri Lanka to inspect reconstruction efforts in the island nation, UN officials […]
Sri Lanka’s Tigers issue deadline to resume war for independence
Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk a war that could break up the island.Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk […]