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Tiding over G.S.P.+ loss

Sri Lanka’s economy is targeted to grow at 6% of g.d.p. next year despite the elections, an economist said. A.D.B. Lead Economist in Colombo Narahari Rao speaking to reporters on Monday however said the economic policies that the government would follow after the elections were critical for the country’s future economic performance. He expected elections [...]

Govt., Starts Rationing

An acute shortage of Samba rice has hit a Colombo suburb, with the state run Sathosa outlet in Mt. Lavinia rationing this stock to just two kilos per person, when this reporter checked on Tuesday, just three days prior to Christmas, reminiscent of the bleak 1970-77 Sirima Bandaranaike led coalition Government, when President Mahinda Rajapaksa [...]

Quo Vadis Tourism?

Tourism is too serious an industry to be left in the hands of amateurs. Recently the Sri Lanka Tourism Promotion Bureau (S.L.T.P.B.) invited me to attend the relaunch of a hotel down south. It was mentioned that the departure to the destination would be from the S.L.T.P.B. office in Colombo at 2.30 p.m. last Saturday [...]

Presidential Corruption

On elections and corruption, an anti-corruption lawyer said that the President inviting various groups to his official residence and allegedly treating them at public expense was a form of corruption. Transparency International Sri Lanka (T.I.S.L.) Executive Director J.C. Weliamuna delivering the Kanchana Abhayapala Memorial Lecture on Monday said that the poorest of the poor in [...]

3% g.d.p. for Defence

Sri Lanka’s defence expenditure is 3% of g.d.p., whereas in countries such as Thailand and Indonesia it’s 1.2% and 1.4% respectively, said I.L.O. Economist Steven Kapsos speaking at the launch of a report titled “Labour and Social Trends in Sri Lanka 2009” that was released recently. K.D. Ranasinghe, Central Bank of Sri Lanka’s Director Economic [...]

Confrontationism

Ministers Prof. G.L. Peiris and Rohitha Bogollagama (and lately Mahinda  Samarasinghe) have taken umbrage over the European Commission’s (E.C.’s) decision to temporarily suspend the G.S.P. + facility to Sri Lanka, with the former even threatening to go to courts over this issue. On Thursday, it was reported that Bogollagama had summoned the European Union (E.U.) [...]

Let Golf Do The Talking

By Rohantha Athukorala * The rational thing that Tiger Woods should do is to get back to golf and win a few championships to restore consumer ratings. The recent PGA Player of the year 2009 award sets the stage for the come back of Woods in my view. Being a marketer most of my life, [...]

Fuel saving

The newly-introduced hybrid taxi in Seoul is a hybrid vehicle powered by a Liquefied Petroleum Injection (L.P.I.) engine that was first developed in Korea. A total of 10 taxis are running in the city by five taxi companies in Seoul, selected by the Korea National Joint Conference of Taxi Association (K.N.J.C.T.A.). The L.P.I. hybrid taxis [...]

C.B.S.L. stokes inflation

Central Bank of Sri Lanka’s (C.B.S.L.) Treasury (T) Bill stock in the week ended December 17, week on week increased by Rs. 2,097 million or by 9.2% to Rs. 24,930 million. C.B.S.L.’s T Bill holdings are equivalent to the amount of new or printed money released to the economy. Such actions in general stoke inflationary [...]

Hygiene certified

CBL Foods International (Pvt) Ltd., (CBLFIPL) Quality Assurance Manager H. L. A. Wanigasekera receiving the certificate from Kaduwela Pradeshiya Sabha chairman G. H. Buddhadasa. Public Health Services Director Dr. Amal Harsha De Silva is also in the picture. CBLFIPL , a Ceylon Biscuits Ltd., subsidiary has been selected by the Health Ministry as one of [...]

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