Author: lbostgadmin
‘s debt, repayable over 4 years
The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]
World Bank Vice President Praful Patel leads Bank team for aid meet
Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the agenda. Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the […]
Premium Price
Insurance costs will go up by one third for Sri Lankan hotels, as insurance companies factor tsunami risk into future insurance coverage.Insurance costs will go up by one third for Sri Lankan hotels, as insurance companies factor tsunami risk into future insurance coverage. “Premiums went up a little this year because tsunami cover was introduced.Insurance […]
Rates Raised
The Monetary Board raised its short term interest rates by 25 basis points and opted to pursue open market operations more aggressively to curb spiralling inflation. The Monetary Board raised its short term interest rates by 25 basis points and opted to pursue open market operations more aggressively to curb spiralling inflation. The Central Bank […]
Inflation Checker
The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The […]
Stock Exchange to open doors for five new members
The Colombo Stock Exchange is drawing up plans to admit at least five new members, but this time prospective applicants may have to bid for a license.The Colombo Stock Exchange is drawing up plans to admit at least five new members, but this time prospective applicants may have to bid for a license. Stock brokering […]
Sri Lanka says no return to war as donors fear for peace process
Sri Lanka vowed Thursday the country would not return to war despite a deadlock in peace talks and failure to strike a deal with Tamil rebels on tsunami relief ahead of a key review of foreign aid. Sri Lanka vowed Thursday the country would not return to war despite a deadlock in peace talks and […]
Religious minorities under threat in Sri Lanka: UN official
A top United Nations official Thursday warned that religious minorities in the predominantly Buddhist Sri Lanka could be persecuted under proposed laws aimed at stopping :unethical conversions.” A top United Nations official Thursday warned that religious minorities in the predominantly Buddhist Sri Lanka could be persecuted under proposed laws aimed at stopping :unethical conversions.” The […]
Off the Hook
Fixed line telecom operators will see a drop in their costs per line with rollout of their new CDMA networks.Fixed line telecom operators will see a drop in their costs per line with rollout of their new CDMA networks. CDMA or Code Division Multiple Access standard is a wireless communication technology developed initially for mobile […]
Medical Failure
The Asian Human Rights Commission has pulled up three cases of gross medical negligence in local hospitals in the past two weeks alone, saying victims have no way to get redress. The Asian Human Rights Commission has pulled up three cases of gross medical negligence in local hospitals in the past two weeks alone, saying […]
Law to revamp Tourist Board with private sector seats, may get Parliament nod
New laws to revamp the Tourist Board and get the private sector involved in spending marketing dollars, may get the Parliament go-ahead next week, despite opposition.New laws to revamp the Tourist Board and get the private sector involved in spending marketing dollars, may get the Parliament go-ahead next week, despite opposition. The new Tourism Development […]
Trade talks for controls on food aid can hurt aid dependent Sri Lanka
World trade talks on agriculture trade can reduce food aid to countries like Sri Lanka, warns the United Nations.World trade talks on agriculture trade can reduce food aid to countries like Sri Lanka, warns the United Nations. World Trade Organisation (WTO) countries are discussing new rules to govern the delivery of food aid, but the […]