Author: lbostgadmin
Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years
Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy.Sri Lanka unveiled a new development strategy for six to eight percent growth in the next five years, to international donors at the Development Form in Kandy. Finance Minister […]
Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005
Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005 form bilateral partners, to help tied over the cost of post-tsunami reconstruction, the External Resources Department said in a pre-Development Forum report.Sri Lanka expects up to US$ 338 million in debt relief and moratoriums in 2005 form bilateral partners, to […]
Watawala rolls out capital expansion plans while stepping up exposure to minor crops
Watawala Plantations is infusing Rs.158 million through a capital development drive to upgrade its tea and rubber sector, the firm said on Monday. Expansion plans include Rs. 85.93 million to set up a fully automated tea blending and cleaning plant, planting new tea on 13 hectares of land and replanting 25 hectares of rubber.To reduce […]
First Round
Kandy – Sri Lankan received over US$ 2.2 billion worth of financial pledges during a donor parley on Monday amidst stiff protest from Buddhist clergy against a joint mechanism to deliver tsunami aid to rebel held areas, officials said.Kandy – Sri Lankan received over US$ 2.2 billion worth of financial pledges during a donor parley […]
‘s aid parley
KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]
Sri Lanka truce, foreign aid under threat, Japan warns
Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami relief could jeopardise foreign aid prospects, a top Japanese envoy said Saturday.Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami […]
High Pressure Oil
Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation.Indian government is putting high-level pressure on Sri Lanka to pay over US$ 50 million owed to a subsidiary of the Indian Oil Corporation. Indian High commission in Colombo is putting diplomatic […]
Millennium Move
Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company.Capital market enabling software maker Millennium IT is focusing on diversifying their product range while also seeking to raise new capital for the company. The company has helped many stock exchanges go […]
Regulations Help
A top European auditor says regulators here must think about legislation to force listed companies to setup audit committees.A top European auditor says regulators here must think about legislation to force listed companies to setup audit committees. Few of Sri Lanka’s over 200 public firms have independent audit committees that help protect the rights of […]
Bouncing Back
The Ceylon Tourist Board chairman Udaya Nanayakkara says the board will spend over US$ 7 million this year to promote the Indian Ocean Island as an up-market holiday destination.The Ceylon Tourist Board chairman Udaya Nanayakkara says the board will spend over US$ 7 million this year to promote the Indian Ocean Island as an up-market […]
We miss you
Sachithra Sachitra Silva, colleague and friend, passed away on May 13, under tragic circumstances. Before joining Vanguard-ETV’s business news division, he was at Lakhanda radio, ABC Radio, and MTV News division. Our sympathies are with his wife and baby son at this difficult time. Cortege leaves residence 97 Daham Mawatha Maharagama at 4 pm on […]
Pledges not the issue, getting the money is
The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn in aid pledged in the aftermath of the December tsunami.The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn […]