Tag: lbo

Top officials of the United Nations will tour tsunami hit Asia, also meeting local lawmakers to help set up a select committee on disaster preparedness.Top officials of the United Nations will tour tsunami hit Asia, also meeting local lawmakers to help set up a select committee on disaster preparedness. Sri Lanka has asked for United […]

Iran gave US$ 10 mn to Sri Lanka for tsunami relief during talks here Thursday on increasing bilateral trade in tea and oil, a government statement said.Iran gave US$ 10 mn to Sri Lanka for tsunami relief during talks here Thursday on increasing bilateral trade in tea and oil, a government statement said. Discussions were […]

Sri Lankan exporters and tourism industry must make use of lowering trade barriers in the US$ 13 trillion Chinese economy, says the Chinese government.Sri Lankan exporters and tourism industry must make use of lowering trade barriers in the US$ 13 trillion Chinese economy, says the Chinese government. “There are many opportunities in China after the […]

Sri Lanka expects to reign in its galloping inflation in the next few months, but savers will still get a raw deal as the Central Bank fights shy to tighten monetary policy.Sri Lanka expects to reign in its galloping inflation in the next few months, but savers will still get a raw deal as the […]

Over 300,000 people in Sri Lanka will still be unemployed by the end of this year, if tsunami aid is not properly used, warns the International Labour Organisation (ILO).Over 300,000 people in Sri Lanka will still be unemployed by the end of this year, if tsunami aid is not properly used, warns the International Labour […]

A new compensation formula for termination of employees will come into force in March, says the Labour Ministry.A new compensation formula for termination of employees will come into force in March, says the Labour Ministry. “It will be gazetted most probably in two weeks time.The formula was approved by Cabinet and it is now at […]

The European Commission will field a team to tsunami hit Indonesia and Sri Lanka today, to best decide how to spend € 350 mn for reconstruction work.The European Commission will field a team to tsunami hit Indonesia and Sri Lanka today, to best decide how to spend € 350 mn for reconstruction work. The team […]

The Ministry of Agriculture says it will cancel the current Rs 6 bn fertiliser subsidy for a more farmer-friendly subsidy scheme this year. The Ministry of Agriculture says it will cancel the current Rs 6 bn fertiliser subsidy for a more farmer-friendly subsidy scheme this year. “The government spends Rs 6 bn on fertiliser subsidy. […]

IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers.IMF says the Central Bank should tackle higher than target monetary aggregates that are subsidizing big corporations at the expense of poor savers. IMF’s outgoing Resident Representative Jeremy Carter said Central Bank should […]

The sign below an exhibit at the Pacific Tsunami Museum in Hilo, Hawai’i, claims that Hilo is “the tsunami capital of the world.” Dr George D. Curtis, the scientific advisor to the museum, covered that sign with his hand and said quietly, “now, we’ll have to change that. ” That is just one of the […]

Sri Lanka’s government blamed splinter factions of the Tamil rebel movement for the slaying of a top guerrilla leader and praised it for the “restraint” it had shown since the killing.Sri Lanka’s government blamed splinter factions of the Tamil rebel movement for the slaying of a top guerrilla leader and praised it for the “restraint” […]