Category:
Re-Audit
The government says it will make legal changes to give more teeth to the Auditor General.The government says it will make legal changes to give more teeth to the Auditor General. The government this week, approved a proposal to restructure the Auditor General’s Department, giving it greater administrative and financial independence. A government official on […]
LTTE asks Norway to break ice over talks
Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes.Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes. Norway’s special peace envoy Trond Furuhovde […]
EU funding for NGO peace programmes
The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO).The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO). Sri Lankan […]
New Accounts
People’s Bank will receive the first Rs.2 billion traunche of the ADB sponsored recapitalization programme later in October, as it fulfills its initial set of targets.People’s Bank will receive the first Rs. 2 billion traunche of the ADB sponsored recapitalization programme later in October, as it fulfills its initial set of targets. A total Rs. […]
Full House
State housing finance giant HDFC Bank’s maiden share issue has been oversubscribed on its opening day, a statement to the Stock Exchange said. State housing finance giant HDFC Bank’s maiden share issue has been oversubscribed on its opening day, a statement to the Stock Exchange said. Mangers to the issue Merchant Bank of Sri Lanka […]
Where does all that development aid go?
Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off debt and rebuild after natural disasters, a United Nations report shows. Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off […]
Sri Lanka’s Central Bank leaves policy rates at current levels
Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. The repurchase rate, which drains money from the banking […]
Dear Denmark
Denmark on Tuesday said it would defer some Rs.80 million (approx US$ 800,000) in bilateral loans to Sri Lanka for one year, in a follow up to an agreement with donors in June this year.Denmark on Tuesday said it would defer some Rs. 80 million (approx US$ 800,000) in bilateral loans to Sri Lanka for […]
Harvesting Time
Police found a sniper gun and ammunition in northwestern Sri Lanka on Monday ahead of a planned visit to the area by President Chandrika Kumaratunga, officials said.Police found a sniper gun and ammunition in northwestern Sri Lanka on Monday ahead of a planned visit to the area by President Chandrika Kumaratunga, officials said. The weapon, […]
Play Fair
Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. Fixed line operators say the government should review the current situation in the telco market before dishing out new licenses. The two wireless local loop operators Suntel and Lanka Bell claim to have already connected […]
Facilities Base
Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to disseminate ICT awareness in underserved communities.Global ICT sector giants including Microsoft, HP and IBM on Tuesday said they will give cash grants, computer equipment and software to four NGOs to […]
Sri Lanka banks on tsunami-aid despite Pakistan quake
Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday.Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday. A wave of foreign […]