Author: lbostgadmin
Tsunami Dreams
Top government aide Mano Tittawella says passing legislation for reform will be tougher for a minority government but hopes issues will be depoliticized.Top government aide Mano Tittawella says passing legislation for reform will be tougher for a minority government but hopes issues will be depoliticized. He heads the strategic enterprise management agency in charge of […]
Toss between loose fiscal policy and high interest rates
Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face of loose fiscal policy.Member of the monetary board and the chairman of the Ceylon Chamber of Commerce Deva Rodrigo says interest rates will have to rise in the face […]
Four men killed in Colombo
Police found the bullet riddled bodies of four men dumped inside a four-wheel drive vehicle parked near Colombo’s main conference centre, officials said.Police found the bullet riddled bodies of four men dumped inside a four-wheel drive vehicle parked near Colombo’s main conference centre, officials said. The motive for the mass killing was not immediately clear, […]
US supports P-TOMS, but wont put money in P-TOMS trust fund
The US says it will not put money for tsunami reconstruction into the P-TOMS (Post Tsunami Operational Management Structure) trust fund due to “legal restrictions.” The US says it will not put money for tsunami reconstruction into the P-TOMS (Post Tsunami Operational Management Structure) trust fund due to “legal restrictions.” A statement from the US […]
Sri Lanka will not be forced to hold snap polls: minister
Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would not be forced to hold snap elections, despite losing the support of its main Marxist ally.Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would […]
Quick Jab
Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. The long talked of 300 mega watt coal plant […]
Sharing Grief
Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said it could identify with the suffering of victims.Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said […]
Watch Out
Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two nations, but hoped to settle the issue amicably.Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two […]
‘s Leasing picks up a new funding line
Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. People’s Leasing Co. (PLC) which issued the lease-backed securities, also picked up a Rs.150 million […]
Sri Lanka Tigers honour 241 suicide bombers
Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 who perished in similar attacks, the rebels said.Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 […]
Sri Lankan aid-sharing deal stirs political turmoil
Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said.Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said. The Oslo-arranged […]
Square One
Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week.Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week. CEB trade unions say the government is trying to approve another Cabinet paper to restructure the CEB without trade union agreement. “They are tying to present a Cabinet […]