Category:
Etched in Stone
Houses stuck together like a long stretch of sliced sandwich bread is a common sight in most parts of Colombo, but despite the increasing housing density in urban areas Sri Lanka lacks any standards on building them.“There is no national policy or even a set of minimum Sri Lankan standards to ensure quality when building […]
Port of Call
The business plans for Colombos South Harbour development was finalised last week, now requiring State approval to tap donor assistance to finance the US$ 300 million Government component of the project. The Asian Development Bank sponsored business plan prepared by UK based consultants Scott Wilson Kirkpatrick and Company Limited was up for final approval by […]
Parliament Quotes
The Court of Appeal issued notice on two Sri Lankan members of Parliament, the Elections Commissioner and the Secretary General of the governing party on Monday. A Writ Application filed by Sunanda Deshapriya, a Co-convenor of the Center for Monitoring Election Violence was heard on Monday.rn rnThe Appeal Court, considering the petition issued notice on […]
Custom Made
Sri Lanka Customs Superintendent Athula Lankadevas residence in Maharagama was given security from Monday night.Finance Minister Dr. Sarath Amunugama met top Customs and Police officials on Monday to deal with the problem of providing security to customs officers under threat.rn rnLankadeva is currently conducting a revenue fraud investigation into the import of GoldQuest gold medals […]
Secure Deal
Senkadagala Finance is coming out with a Rs. 52.4 mn debt paper backed by an A (sri) rating from Fitch Ratings Lanka.The Rs. 52.4 mn issue is part of a larger Rs. 250 mn securitisation deal structured by Capital Alliance, says Senkadagala Managing Director, Lakshman Balasuriya.rn rnThe Leased Backed Trust Certificates (LBTC) will be issued […]
Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb smuggling into the Islamic nation.
Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb smuggling into the Islamic nation. Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb […]
Tussle With Tuskers
Companies are paying more attention to the effect of their operations on stakeholders besides their owners. Although not regulated, businesses take the environment and other social concerns in to account because they think being accountable to the public is in their long-term interest.The Pelwatte sugar plantation is a popular spot for hungry elephants from the […]
Racket Busting
Treasury Secretary Dr. P B Jayasundera says the government is formulating new laws to stop international racketeers from using local financial markets to launder funds collected through illegal means.The new money laundering law would be one of the pieces of draft legislation coming under the financial sector reform cell of the newly created National Committee […]
Govt. Inc.
The government is going to expand its role in the economy with more spending on infrastructure and subsidies.Unveiling the governments economic policy the finance minister also said the government would push for growth in the agriculture sector to bridge the disparity in regional GDP and to achieve self-sufficiency in food. rn rnRuling UPFA government economic […]
Thinking of U
A new government sponsored agency under the Presidents control and headed by a top bureaucrat has been put in charge of policy formulation and implementation. The National Council for Economic Development (NCED), manned by a team of professionals from the private and public sector will seek wide participation in policy formulation. Experts say getting the […]
KillerQuest
Unidentified gunmen failed in a late-night quest this week, to kill the top customs official who is heading the revenue fraud investigation in the import of GoldQuest medallions.Unidentified gunmen failed in a late-night quest this week, to kill the top customs official who is heading the revenue fraud investigation in the import of GoldQuest medallions. […]
Live Injection
The Aitken Spence Group secured an AA (sri) rating for its upcoming Rs. 1 bn five-year unlisted debenture issue from Fitch Ratings Lanka. The group needs the cash to fund its 100 MW power plant in Embilipitya and feed some of its ongoing capital expenditure programmes.rn rnFitch also confirmed an AA (sri) rating for Aitken […]