Category:
Shocking
The Finance Minister says improving financial reporting standards will reduce the strain on the government budget The Finance Minister says improving financial reporting standards will reduce the strain on the government budget Better financial reporting according to the minister will make it possible for justifying restructuring of institutions making losses like the CEB, which is […]
Les Mesrables
People affected by the tsunami are still living in tents even after two and a half months after the deadly waves hit the coastline. People affected by the tsunami are still living in tents even after two and a half months after the deadly waves hit the coastline. If authorities don’t put in place a […]
Will It Happen This Time?
Corporate lawyers are hoping a draft Company Law abandoned a few years ago will be enacted this year. Corporate lawyers are hoping a draft Company Law abandoned a few years ago will be enacted this year. The law, modeled on the New Zealand Companies Act incorporating international law principles was abandoned as some experts thought […]
So, So
Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia was skeptical and said it would be of little help.Tsunami-battered Sri Lanka on Friday jumped at an offer by the world’s richest creditor nations to freeze its debt payments, but hardest-hit Indonesia […]
More Please
Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the end of 2005, but plans to press lenders to extend the moratorium to the end of 2007, the island’s finance minister said on Friday.Tsunami-hit Sri Lanka has accepted a Paris Club offer to freeze its debt payments until the […]
Seniors First
The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. The Bank of Ceylon (BOC) is trying to convince more senior citizens to use ATM machines, instead of queuing up at the bank counter for pensions. “We have quite […]
Clean Air
A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table.A long overdue spectrum reallocation process got the government’s nod, with telco operators Suntel, Lanka Bell and Mobitel to be relocated on the frequency table. The reallocation within the 800 MHz […]
World Bank country director says his comments have been misunderstood
Sri Lanka’s World Bank Country Director came out strongly denying giving official recognition to Tamil Tiger guerrillas, even as a weekend paper promised to blow the lid off on Sunday.Sri Lanka’s World Bank Country Director came out strongly denying giving official recognition to Tamil Tiger guerrillas, even as a weekend paper promised to blow the […]
Taxes drive Sri Lanka’s gold market underground
Taxes have driven Sri Lanka’s gold market underground, with only smuggled gold able to hold down prices, say industry sources.Taxes have driven Sri Lanka’s gold market underground, with only smuggled gold able to hold down prices, say industry sources. “There is no official gold in the market,” says Chanaka Ellawela, vice chairman, Sri Lanka Gem […]
Fresh violence erupts in Sri Lanka as Tigers tour Europe
At least three people were critically wounded when suspected Tamil Tiger rebels threw a grenade into the office of a rival group in eastern Sri Lanka Friday, military officials said.At least three people were critically wounded when suspected Tamil Tiger rebels threw a grenade into the office of a rival group in eastern Sri Lanka […]
Restructuring CEB will reduce electricity production cost by Rs 2.50, says Finance Minister
Restructuring the Ceylon Electricity Board (CEB) will reduce cost of electricity production by Rs 2.50, says Finance Minister. Restructuring the Ceylon Electricity Board (CEB) will reduce cost of electricity production by Rs 2.50, says Finance Minister. “Last week we were looking at performance reports of the CEB.If we restructure the CEB we will be able […]
Mix ‘n Match
The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with John Keells Holdings to speed the delivery of relief supplies to tsunami victims in Sri Lanka, restore education and health facilities, and provide clean water to relief camps.The International Finance Corporation, the World Bank Group’s private sector arm signed agreements with […]