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New leaves in tea output despite low grown losses
Sri Lanka’s tea crop grew by a marginal 4 million kilos over 2004, despite the country’s low grown sector still recovering from the December tsunami devastation.Tea production in May at 31.5 million kilos tips 2004’s 30.4 million kilos output, but falls short of the all time high of 33.6 million kilos posted in 2002. May’s […]
Aid Risk
Risk factors like the tsunami with large numbers of displaced in makeshift shelters, is threatening to grow Sri Lanka’s low HIV infection rate, the United Nation warns.Risk factors like the tsunami with large numbers of displaced in makeshift shelters, is threatening to grow Sri Lanka’s low HIV infection rate, the United Nation warns. Mounting poverty […]
Sri Lanka set to enter aid deal with Tigers, Marxists warn of protests
Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for post-tsunami reconstruction, official sources said Thursday, as Norway kept up shuttle diplomacy to save the faltering peace process.Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for […]
Norway gives Sri Lanka Rs. 300 mn, says more aid depends on Joint Mechanism
Norway will give Sri Lanka a further Rs.300 mn to revive a tsunami hit fisheries sector, but says more funding will come only when an aid sharing deal with Tamil Tiger rebels is in place.Norway will give Sri Lanka a further Rs. 300 mn to revive a tsunami hit fisheries sector, but says more funding […]
Insuring Sampath
Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network.Sampath Bank is considering an insurance subsidiary, pushing the service through its branch network. The bank’s Managing Director Anil Amarasuriya on Wednesday said that the projects was in its conceptual stage and would need approval from its board of directors along with […]
Got It
Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue.Hatton National Bank (HNB), on Wednesday confirmed obtaining a listing on the Luxembourg Stock Exchange for its Global Depository Receipts (GDR) issue. Through this listing HNB will place 1,766,470 GDRs in Luxembourg at an […]
Sri Lanka closes the gap on its trade deficit
Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. The […]
Sowing SEEDS
Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro finance institutions, however, have had better success. Government sponsored welfare schemes like Samurdhi promise to help thousands jump the poverty trap. But experts say welfare systems alone, won’t eradicate poverty. Micro […]
The JVP’s biggest achievements
JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, cutting of waste in ministries, and using the savings to buy a bus for ministry workers to travel.JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, […]
Flight Control
The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, for a better handle on passenger protection. The Civil Aviation Authority may draw up new rules to better regulate airlines that fly in to Sri Lanka or set up shop here, […]
Laptop Policy
Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients.Life insurance provider Ceylinco Life has equipped its field agents with mobile access to its databases, to speed up their liaising with clients. The Rs. 25 million project has equipped some 140 agents […]
Going Global
Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue.Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue. A statement is expected from HNB later today. Akbar Poonawala, Head of Global Equity Services at Deutsche Bank was quoted in BusinessWire […]