Author: lbostgadmin
Refreshing the list of ministers
In a very quiet ceremony on Monday morning five cabinet ministers, a non cabinet minister and six deputy ministers took oaths before President Chandrika Kumaratunga.In a very quiet ceremony on Monday morning five cabinet ministers, a non cabinet minister and six deputy ministers took oaths before President Chandrika Kumaratunga. The new appointments filled in ministerial […]
Criminal Paradise
Delaying the Constitutional Council is paralysing law enforcement and turning Sri Lanka into a criminal paradise, says National Police Commission (NPC). Delaying the Constitutional Council is paralysing law enforcement and turning Sri Lanka into a criminal paradise, says National Police Commission (NPC). The Constitutional Council, mandated under the 17 amendment to Sri Lanka’s Constitution, expired […]
Setting Sail
Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage.Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage. […]
Court aid ruling dims Sri Lanka hopes of early peace talks
The Supreme Court scuppering of a landmark deal to share aid among Sri Lanka’s warring parties was seen by diplomats and analysts as a major setback to the already faltering peace process. The Supreme Court scuppering of a landmark deal to share aid among Sri Lanka’s warring parties was seen by diplomats and analysts as […]
Norway has no immediate plans to push new talks on Sri Lanka aid deal
Peace broker Norway denied a report it was planning to send envoys to Sri Lanka after a Supreme Court ruling effectively scuttled a deal to share billions of dollars in international tsunami aid with Tamil rebels. Peace broker Norway denied a report it was planning to send envoys to Sri Lanka after a Supreme Court […]
Learning Facts
The tertiary education system in the country got a much-needed financial push for development with a US$ 60 million grant from the World Bank. The tertiary education system in the country got a much-needed financial push for development with a US$ 60 million grant from the World Bank. Country director for World Bank, Peter Harrold […]
Hello, Hello
The spread of mobile phones is creating a new class of entrepreneurs and economic activity by providing an alternative to poor quality government infrastructure like roads and postal services. The spread of mobile phones is creating a new class of entrepreneurs and economic activity by providing an alternative to poor quality government infrastructure like roads […]
Lending for SriLankan
A consortium of local banks sealed a deal with SriLankan Airlines for a full dollar loan of US$ 22.5 million this week. A consortium of local banks sealed a deal with SriLankan Airlines for a full dollar loan of US$ 22.5 million this week. The syndicate loan arranged by Commercial Bank priced at LIBOR +2.35 […]
Poor Performance
Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily accessible.Small enterprises are struggling to expand business and inject new investment to rural economies because credit is too expensive and not easily accessible. Unable to compete with bigger firms with secure collateral, they […]
Parliament approves amendments to Leasing Act
Securitisation deals are expected to multiply after amendments to the Leasing Act cleared legal hurdles. Securitisation deals are expected to multiply after amendments to the Leasing Act cleared legal hurdles. Parliament approved amendments to the Leasing Act this month that would allow lease receivables to be assigned to the Special Purpose Vehicle (SPV) or trust, […]
Off the Track
The government this week agreed to acquire fifteen new diesel engines and 100 coaches to help improve the Railway Authority’s commuter service.The government this week agreed to acquire fifteen new diesel engines and 100 coaches to help improve the Railway Authority’s commuter service. A government spokesperson on Thursday said the cabinet approved the deal as […]
Level Ground
The District Court on Friday vacated an interim injunction against the ICTA, but the agency is still bounded by an injunction by the Appeals Court.The District Court on Friday vacated an interim injunction against the ICTA, but the agency is still bounded by an injunction by the Appeals Court. The Appeal Court at a June […]