Category: Other
Baker’s Dozens – Update
The two top candidates for Sri Lanka’s presidency filed their election nomination papers Friday along with 11 outsiders vying for the all-powerful but low-paid job as head of state for the next six years. The two top candidates for Sri Lanka’s presidency filed their election nomination papers Friday along with 11 outsiders vying for the […]
Baker’s Dozens
The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid job of head of state. The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid […]
‘s Dozens
The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid job of head of state. The two main candidates for Sri Lanka’s presidency filed their election nomination papers on Friday along with 11 others vying for the all-powerful but low-paid […]
Tea exports have not caught up with growing production
Sri Lanka’s tea exports have not caught up with its fast growing production this year, with the difference between the two quantities notching up to 27 million kilos, up from an average 10 million kilos in other years. Industry watchers however say the extra teas could be absorbed in the current winter buying.The higher than […]
Be Prepared
Now that elections are around the corner businesses usually take a back seat as politicians take over. Now that elections are around the corner businesses usually take a back seat as politicians take over. However, tired by the cyclical pork barrel politics in Sri Lanka a local brewery has decided to spend its own money […]
Naked Truth
Sri Lanka’s securities regulator is in the spotlight for excessively compounding too many cases without allowing the judicial system to voice its opinion. Sri Lanka’s securities regulator is in the spotlight for excessively compounding too many cases without allowing the judicial system to voice its opinion. Compounding, is something like seeking a plea bargain, where […]
Buying Time
Sri Lanka’s Supreme Court Wednesday ordered the suspension of a criminal investigation into the prime minister’s handling of tsunami aid following allegations of corruption. Sri Lanka’s Supreme Court Wednesday ordered the suspension of a criminal investigation into the prime minister’s handling of tsunami aid following allegations of corruption. Chief justice Sarath Silva asked the police […]
Crash Bang
A new capital requirement is shaking up Sri Lanka’s fragmented banking industry, encouraging mergers of small banks and forcing all to make more efficient use of their funds, analysts say. In April, the central bank said all banks must have at least Rs.2.5 billion ( million) in Tier 1 capital by the end of 2007, […]
What Next?
Governments loosen the fiscal purse strings when elections are around the corner. Higher spending to create more jobs and raise salaries is common in the run up to elections. Governments loosen the fiscal purse strings when elections are around the corner. Higher spending to create more jobs and raise salaries is common in the run […]
Ghostbusters
Sri Lanka on Friday announced measures to prevent voters impersonating the tsunami dead as well as special arrangements for those displaced by the calamity to vote in November’s presidential elections. Sri Lanka on Friday announced measures to prevent voters impersonating the tsunami dead as well as special arrangements for those displaced by the calamity to […]
Showtime for Sri Lanka’s century old tea industry
A renovated old tea factory is now housing the one of the most unique industry related museums for tea close to the Kandy town.The venture is supported by all tea related industry associations with some of them extending even financial support. Its promoters say the museum is part of efforts to lift the industry image […]
Close Watch
Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year.Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year. Sri Lanka’s public sector and diplomatic corps, at least since […]