Category:
Change of Guard
John Keells Holdings Chairman steps down at the end of next year, paving the way Joint Managing Director Susantha Ratnayake to take over the reigns. John Keells Holdings Chairman steps down at the end of next year, paving the way Joint Managing Director Susantha Ratnayake to take over the reigns. Ajit Gunawardane, the other Joint […]
‘s visit
Pakistan and Sri Lanka will meet next week to tie up a free trade agreement between the two countries by the time Sri Lanka’s President pays a visit to Pakistan next year. Pakistan and Sri Lanka will meet next week to tie up a free trade agreement between the two countries by the time Sri […]
World Bank cleared a US$ 75 million loan to Sri Lanka
A World Bank Wednesday cleared a US$ 75 million loan to Sri Lanka for housing reconstruction in the war ravaged North and East of the island.A World Bank Wednesday cleared a US$ 75 million loan to Sri Lanka for housing reconstruction in the war ravaged North and East of the island. Around 46,000 poor, conflict-affected […]
Foreign donors accuse Marxists of sabotaging Sri Lanka peace bid
International aid donors asked President Chandrika Kumaratunga to rein in her Marxist ally after accusing them of undermining Norwegian-led peace efforts in a move that push Sri Lanka back to war.International aid donors asked President Chandrika Kumaratunga to rein in her Marxist ally after accusing them of undermining Norwegian-led peace efforts in a move that […]
Getting Ready
After an exhaustive clean up of its balance sheet, the Merchant Bank of Sri Lanka (MBSL), plans to get an investment grade rating and tap the market for cheaper sources of funds to keep its leasing portfolio ticking.After an exhaustive clean up of its balance sheet, the Merchant Bank of Sri Lanka (MBSL), plans to […]
High Street
High pay is keeping them at their posts (bedposts) day after day and they are unlikely to make a career move anytime soon.High pay is keeping them at their posts (bedposts) day after day and they are unlikely to make a career move anytime soon. A future for them still seems blacked out, with most […]
Credit Slip
The Indian Export Import (EXIM) Bank has called for a corporate guarantee for the US$ 150 million fuel credit line to Sri Lanka.The Indian Export Import (EXIM) Bank has called for a corporate guarantee for the US$ 150 million fuel credit line to Sri Lanka. The new hurdle was introduced to cover a possible default […]
Going Going…
The Inland Revenue says the amnesty applications deadline can be extended after December 31 if the private sector is interested.The Inland Revenue says the amnesty applications deadline can be extended after December 31 if the private sector is interested. “There is no hard and fast rule that we have to close applications by December 31.But […]
Green Battles
A local environmental body has agreed to drop charges against the state for illegal encroachment into the Muthurajawela Sanctuary, but is lobbying for a dedicated Wetland Conservation Act.A local environmental body has agreed to drop charges against the state for illegal encroachment into the Muthurajawela Sanctuary, but is lobbying for a dedicated Wetland Conservation Act. […]
Public sector training for public-private partnerships
The Sri Lankan government is looking at public-private partnerships for donor funded development projects in future, says the Treasury Secretary.The Sri Lankan government is looking at public-private partnerships for donor funded development projects in future, says the Treasury Secretary. “In future planning agencies and line ministries will have to realise projects that complement public-private partnerships.Not […]
The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders
The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders.The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders. The government has already issued US$ […]
The House Jack Built
Who’s complaining when you can build a house for just Rs.150,000? A 580 sq. ft. house with two verandas, a bedroom, a hall and a kitchen costs only Rs. 150 000. Who’s complaining when you can build a house for just Rs. 150,000? A 580 sq. ft. house with two verandas, a bedroom, a hall […]