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Hallo Ko-ho-mada
Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text.Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text. Local language cell-phone applications are catching […]
Sri Lanka holds interest rate steady for fifth month
Sri Lanka left its key interest rates unchanged for the fifth consecutive month as the Central Bank looks for signs that inflation may slow as global oil prices ease.Sri Lanka left its key interest rates unchanged for the fifth consecutive month as the Central Bank looks for signs that inflation may slow as global oil […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned.Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent […]
More Pay
Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at least 150 dollars a month before it approves allowing them to take assignments. Sri Lanka’s labour ministry said Tuesday it wants women who are hired to work abroad as maids to be paid at […]
Legal Wrangle
Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties.Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties. The latest proposal is a legal techniques knows a Declaration of Trust, where a group of […]
Deaf Ears
Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans under mountains of subsidy payments. Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans […]
Don’t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
‘t Cry Wolf
Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. Sri Lanka needs a well-oiled disaster management system to avoid false warnings and unnecessary panic, as most underwater earthquakes do not generate tsunami, say experts. "Over 75 percent of large […]
Potting Pirates
Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Security arrangements of […]
Fresh killing raises tension in Sri Lanka
An unidentified gunman shot dead a Tamil political activist in Sri Lanka’s restive northeast on Monday, further fuelling tension in the region.An unidentified gunman shot dead a Tamil political activist in Sri Lanka’s restive northeast on Monday, further fuelling tension in the region. Wijedasan Wijendran was gunned down as he returned from a Hindu temple […]
PABC makes profit
Pan Asia Bank Corporation (PABC) hopes to increase its capital adequacy ratio through a Rights Issue early next year. Pan Asia Bank Corporation (PABC) hopes to increase its capital adequacy ratio through a Rights Issue early next year. The bank with capital to match 12 percent of risk weighted assets is keen to raise it […]
Cash Crunch
The government’s overdue subsidy payments for fuel and flour had snowballed to a massive Rs.15 billion in addition to the Rs.27 billion in short term debt that’s crippling the CEB.The government’s overdue subsidy payments for fuel and flour had snowballed to a massive Rs. 15 billion in addition to the Rs. 27 billion in short […]