Report from the east By Indi Samarajiva I’m writing this from Polonnaruwa, heading back from the east. We traveled from Yala East to Pasikudah, by bus, trishaw and bicycle. If you look at a map of Sri Lanka you can see where the money flows, the thickly veined networks of the west. The east is [...]
Mahinda Rajapaksa’s war honeymoon is over. In the past month there have been crippling petrol and student strikes, plus a wholesale collapse of the national electrical system. Water, ports and railways have also threatened strikes. These are mundane things, but they are the type of grievances that topple governments. The only thing missing is a [...]
All in the game So Merv the Perv also accompanied the prez on his visit to Nepal. The wags were all hazarding guesses as to why the prez would want the foul-mouthed perv as part of his entourage. Either, to keep him out of trouble – or, to give the thug a lesson or two [...]
By Mandana Ismail Abeywickrema Economists and senior bankers warn that the country’s overall banking sector would be dealt a severe blow in relation to its earnings due to the Presidential directive to reduce interest rates of state banks. The reduction in state bank interest rates are expected to compel private banks to follow suit shortly [...]
Union Bank plans to raise Rs. one billion through a private placement and a rights issue in order to meet Central Bank of Sri Lanka’s capital requirements of Rs. 2.5 billion. The Bank’s current capital value is Rs. 1.6 billion. Union Bank which had its E.G.M. on Friday plans to raise the required capital by [...]
Welcome to the doorway to the rest of the world. See exotic dances from South America, Europe, Africa, Asia and the USA, all brought together in Elizabeth Moir School’s irresistible production, FLUX. Experience the beat of Salsa, Hip Hop, Bollywood, Broadway, Korean, Afro-Pop, Electro and more. Enjoy equally diverse music that really does ‘Shake the [...]
It was reported recently that the government has presented a supplementary estimate to parliament seeking nearly Rs.11 bn for road development in the country. Under this project Rs.300 mn has been allocated for improvement of roads in the Gampaha District. However it is regrettable to note that in spite of this allocation made by the [...]
Last week, these pages carried an article which quoted an umbrella manufacturer who believed that the contraction in sales of his company this year was not due to inflation, but because of people losing their jobs, therewith finding their purchasing power being checkmated. His point was that inflation this year, unlike last year was now [...]
By R. Wijewardene Check points forever. Defense Spokesman claims that eternal vigilance is necessary and that checkpoints are a normal facet of life in most countries. In the dead of night you find yourself traveling along a dilapidated highway. Armed men skulk and scowl at every junction, taking cover under the silhouettes of palm trees [...]
Here are some reasons why you should save when you can. Because you don’t want to work forever, and you will ultimately be responsible for paying for your retirement: If you want to stop working one day, you are going to have to think about how much income you will need to live. The provident [...]
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