Tag: lankabusinessonline

The Sri Lankan obsession with doctors, lawyers and engineers is finally telling on the local labour market. The Sri Lankan obsession with doctors, lawyers and engineers is finally telling on the local labour market. “Parents still educate children with the very narrow view point of making them doctors, lawyers or engineers,” says Kamal Abeysinghe, Treasurer […]

The World Bank ups tsunami aid to Sri Lanka by US$ 75 mn, taking its total contribution to re-building damaged coastal areas to US$ 150 mn.The World Bank ups tsunami aid to Sri Lanka by US$ 75 mn, taking its total contribution to re-building damaged coastal areas to US$ 150 mn. Donors estimate that Sri […]

The JVP said on Thursday that it will oppose any move by the government to go for talks on an interim administration with the LTTE.The JVP said on Thursday that it will oppose any move by the government to go for talks on an interim administration with the LTTE. “We will take whatever action necessary […]

Foreign investment in Sri Lanka hit a record of 4 million last year, a 11% rise over the previous year, facilitated by relative peace on the island after decades of ethnic war.Foreign investment in Sri Lanka hit a record of $234 million last year, a 11% rise over the previous year, facilitated by relative peace […]

Peace broker Norway Tuesday failed to get Sri Lanka’s Tamil Tiger rebels to agree on a coordinated tsunami relief plan with the government seen as crucial for reviving stalled peace talks, officials said.Peace broker Norway Tuesday failed to get Sri Lanka’s Tamil Tiger rebels to agree on a coordinated tsunami relief plan with the government […]

The US wants World Trade Organisation (WTO) countries to come up with an “endgame document” this year, to keep international trade talks on track.The US wants World Trade Organisation (WTO) countries to come up with an “endgame document” this year, to keep international trade talks on track. Ministers from 148 WTO member countries will meet […]

The Inland Revenue says it is gunning for GST dues again this year since the current amnesty is not valid for indirect taxes.The Inland Revenue says it is gunning for GST dues again this year since the current amnesty is not valid for indirect taxes. “We are going to collect all GST dues.Even if anyone […]

Three people were killed and 38 injured in a blast at a courthouse in southern Sri Lanka, police said, as former US presidents George Bush and Bill Clinton toured the region.Three people were killed and 38 injured in a blast at a courthouse in southern Sri Lanka, police said, as former US presidents George Bush […]

Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said.Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said. Bush and Clinton will arrive in […]

Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said.Sri Lanka boosted security ahead of a visit by former US presidents George Bush and Bill Clinton to inspect American-funded tsunami relief projects, police said. Bush and Clinton will arrive in […]

The Asian Human Rights Commission (AHRC) rapped Sri Lanka on Friday for heavy customs duties on relief goods, blocking up aid at the port.The Asian Human Rights Commission (AHRC) rapped Sri Lanka on Friday for heavy customs duties on relief goods, blocking up aid at the port. The AHRC says 100 container loads of relief […]

The Asian Development Bank (ADB) approves the setting up of a multi-donor Asian Tsunami Fund on Thursday.The Asian Development Bank (ADB) approves the setting up of a multi-donor Asian Tsunami Fund on Thursday. “ADB’s Board of Directors yesterday approved the setting up of a multi-donor Asian Tsunami Fund, with ADB making its own initial contribution […]