Category: Other
Legal Wrangle
Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties.Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties. The latest proposal is a legal techniques knows a Declaration of Trust, where a group of […]
Potting Pirates
Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Security arrangements of […]
Who needs money?
Minimum capital requirement for commercial banks was raised five fold to Rs.2.5 billion by the Monetary Board.Minimum capital requirement for commercial banks was raised five fold to Rs. 2.5 billion by the Monetary Board. Banks have till 2007 to meet the new capital targets but have to raise minimum capital to Rs. 1.5 billion by […]
Panacea: Investment
A top World Bank official said the challenge facing the government after the tsunami is to prioritize investment needs.A top World Bank official said the challenge facing the government after the tsunami is to prioritize investment needs. Mohamed Muhsin, a Vice President of the World Bank also said momentum and results of post tsunami reconstruction […]
Urgent Matter
The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists.The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists. “From April 2004, up to now, […]
Regulation Helps
The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing profession like in the US and Europe. The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing […]
We Want More
Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Treasury Secretary and member of the Monetary Board, the decision making […]
One Voice
Sri Lankan legislators called Tuesday for a single body to issue warnings on potential natural diasters after broadcasters complained of a lack of information about Monday’s tsunami alert.Sri Lankan legislators called Tuesday for a single body to issue warnings on potential natural diasters after broadcasters complained of a lack of information about Monday’s tsunami alert. […]
Tsunami survivors’ line up for biggest free lunch buffet
Sri Lankan school children and women stand in a queue as they wait for a free lunch offered by a charity organisation 26 March 2005 at the tourist resort town of Hikkaduwa in southern Sri Lanka as the region marks the three-month anniversary of the December 2004 tsunamis that killed nearly 400 people in the […]
‘ line up for biggest free lunch buffet
Sri Lankan school children and women stand in a queue as they wait for a free lunch offered by a charity organisation 26 March 2005 at the tourist resort town of Hikkaduwa in southern Sri Lanka as the region marks the three-month anniversary of the December 2004 tsunamis that killed nearly 400 people in the […]
Fantasy Island
Traders at Hikkaduwa protest the 100-metre buffer zone that is preventing them from rebuilding their damaged shops. The entire Hikkaduwa town is within the 100 metre zone. – AFP Sri Lankans are adept at reading the future – they see what’s coming, but sadly, being stuck on an island, have little room to run. Traders […]
Waters Edge
Government hiked charges for pipe-borne water last month as part of a string of subsidy reversals. Government hiked charges for pipe-borne water last month as part of a string of subsidy reversals. However pipe borne water accounts for a fraction of the water consumed in Sri Lanka. Subsidies continue for most of the other water […]