Author: lbostgadmin
Travel Allowance
Mobile operator Dialog Telecom’s revenues could be significantly under forecasted, with potential increases in revenue from segments including automatic international roaming under valued.Mobile operator Dialog Telecom’s revenues could be significantly under forecasted, with potential increases in revenue from segments including automatic international roaming under valued. Dialog has also just commenced providing turnkey solutions to foreign […]
Disney Channel
Sri Lanka’s main tsunami relief agency today claimed progress in building “transitional shelter,” but their figures showed that at least 11,500 houses had disappeared in June. Sri Lanka’s main tsunami relief agency today claimed progress in building “transitional shelter,” but their figures showed that at least 11,500 houses had disappeared in June. The Task Force […]
First Gear
With tough rules of origin, Sri Lanka may be slow to draw on the benefits of the European Union’s new GSP Plus scheme, but euphoria will bring in the business.With tough rules of origin, Sri Lanka may be slow to draw on the benefits of the European Union’s new GSP Plus scheme, but euphoria will […]
Heroin, cannabis threat in Sri Lanka
Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC).Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC). “Global drug use has risen by some 8 percent in the past year, with cannabis leading […]
Increased Float
The ADB has agreed to increase its component in funding the US$ 400 mn initial phase of the South Harbour project to US$ 150 mn.The ADB has agreed to increase its component in funding the US$ 400 mn initial phase of the South Harbour project to US$ 150 mn. The increase corresponds to a plea […]
Open Wide
Sri Lanka will lobby Malaysia for an Open Skies Agreement this week, freeing up more air routes between the countries, ahead of a second national airline making its entrance.Sri Lanka will lobby Malaysia for an Open Skies Agreement this week, freeing up more air routes between the countries, ahead of a second national airline making […]
Oil prices eroding developing country trade profits; WTO
Increasing oil prices eroding developing country profits despite record trade year in 2004.Increasing oil prices eroding developing country profits despite record trade year in 2004. 2004 was a good year for international trade in goods and services. “In 2004, the value of world merchandise trade rose by 21 percent, to US$8.88 trillion, and that of […]
Sri Lanka Marxists march against peace broker Norway
Hundreds of Marxist party activists protested against peace-broker Norway here Monday after Sri Lanka’s foreign minister questioned Oslo’s impartiality in the peace process with Tamil rebels.Hundreds of Marxist party activists protested against peace-broker Norway here Monday after Sri Lanka’s foreign minister questioned Oslo’s impartiality in the peace process with Tamil rebels. The marchers, led by […]
Jail Birds
Five men were Monday sentenced to hang for killing a Sri Lankan judge who had handed down heavy sentences on gangsters.Five men were Monday sentenced to hang for killing a Sri Lankan judge who had handed down heavy sentences on gangsters. The murder of Judge Sarath Ambepitiya, who was gunned down at his Colombo home […]
Money Q & A
The World Bank and the Asian Development Bank in a joint study has found that poor infrastructure, lack of policy and political stability as key constraints that discourage investments in Sri Lanka. Urban firms in particular cited the macro-economic instability as a reason to hold back investment.Another widely cited reason was high real interest rates. […]
‘s A Steal
More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates.More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates. “Today we have inflation running at a certain […]
Rolling In
Sri Lanka’s Finance Ministry says tax revenues increased in the first four months of 2005 but did not say whether it was below or higher than the original target.Sri Lanka’s Finance Ministry says tax revenues increased in the first four months of 2005 but did not say whether it was below or higher than the […]