Category: Other
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 […]
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. […]
Different Tune
For the first time in Sri Lanka, two cases of mass scale copyright violations had the book thrown at them this week.For the first time in Sri Lanka, two cases of mass scale copyright violations had the book thrown at them this week. On Wednesday, the Fort magistrate hit two large pirate outlets with fines […]
Limited Edition
Sri Lanka raised the capital requirement for money changers by 900 percent and paved the way for dealers to open branches, the Central Bank said Friday.Sri Lanka raised the capital requirement for money changers by 900 percent and paved the way for dealers to open branches, the Central Bank said Friday. Starting July 1, the […]
Big CRIB
Sri Lanka’s Credit Information Bureau (CRIB) is to expand its services to include factoring, non-bank and non-financial providers of credit, officials said Wednesday.Sri Lanka’s Credit Information Bureau (CRIB) is to expand its services to include factoring, non-bank and non-financial providers of credit, officials said Wednesday. Presently, CRIB maintains credit records for banks and finance companies, […]
Leap Year
Philautus Asankai, a powder-blue mountain frog, a new species discovered from Sri Lanka’s central highlands. (AFP) Conservationists in Sri Lanka, the world’s top spot for frogs, have discovered 35 new species of the amphibians — only to find that another 19 species have died out. Philautus Asankai, a powder-blue mountain frog, a new species discovered […]
Sitting Protest
Sittings in Sri Lanka’s parliament was suspended after members of a the Marxist Janatha Vimukthi Peramuna held a noisy, black flag protest against a controversial aid share deal with the militant Tamil Tigers.Sittings in Sri Lanka’s parliament was suspended after members of a the Marxist Janatha Vimukthi Peramuna held a noisy, black flag protest against […]
New leaves in tea output despite low grown losses
Sri Lanka’s tea crop grew by a marginal 4 million kilos over 2004, despite the country’s low grown sector still recovering from the December tsunami devastation.Tea production in May at 31.5 million kilos tips 2004’s 30.4 million kilos output, but falls short of the all time high of 33.6 million kilos posted in 2002. May’s […]
Scam Jam
Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon.Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon. […]
Super Doopers
Modern trade or shopping at super markets is a developing habit in Sri Lanka. Modern trade or shopping at super markets is a developing habit in Sri Lanka. But people who have access to information and exposure to brands are shopping at supermarkets more frequently here than in some of the bigger regional economies. Shifts […]
Thinking out of the tea chest
Industry analysts say receding tea consumption in traditional markets could be negated if new markets are actively tapped for business.A recent study in Britain, the very nation that propagated the tea plantations in the mid 1800s, found that the brew was loosing flavour with the new generation of Brits. Over the last five years total […]