I.M.F. has delayed releasing the third tranche of U.S.$ 330 million under its standby arrangement (s.b.a.) with the Government of Sri Lanka (G.o.S.L.) till after April’s parliamentary elections due to budgetary overruns. The lead story on these pages in The Sunday Leader issue of February 7, quoting I.M.F.’s Resident Representative Koshy Mathai, said that the [...]
Scene and Heard As cataramans and romantic dinner enclosures came up on the beach at The Beach, true romance was in the air on Valentine’s Day with the innovative General Manager, Hyacinth Gunewardene taking the lead to show the way in love and romance, in true Jetwing style. As red love hearts flashed at the [...]
George Washington Teacher: George Washington not only chopped down his father’s cherry tree, but also admitted doing it. Now do you know why his father didn’t punish him? Student: Because George still had the ax in his hand. From the heaven above The ten year old’s new baby brother was screaming up a storm. He [...]
Enhancing Government revenue and curbing expenditure (i.e. reducing the budget deficit), cutting down on waste, stamping out corruption and enforcing law and order and good governance is the way forward for Sri Lanka to enter the rich nation’s club quickly, an economist said. Former Central Bank of Sri Lanka (C.B.S.L.) Deputy Governor W.A. Wijewardena speaking [...]
By Vaish Sathasivam L.C.H. (UK) Migraines are caused by dilation of blood vessels around the arteries of the brain that release chemicals causing inflammation and pain. Migraine attacks commonly stimulate the sympathetic nervous system in the body. The sympathetic nervous system controls responses to stress and pain, the “fight or flight” response, and causes many [...]
A government technical training institute that has some 1,100 students in its role would have had to charge each student Rs. 150,000 annually if it were to survive without getting a Treasury grant. Currently they are provided free tuition, in addition to getting a monthly stipend of Rs. 1,000; Gamini S. Manchanayake, Director/Principal Ceylon-German Technical [...]
by The Fly Slip (www.islandcricket.lk/blogs/theflyslip) Recently elected President Jayasuriya of the Democtratic Republique of Sri Lanka yesterday announced sweeping changes across the board in what he calls the Mandatory Power Play – Part 1 President Jayasuriya touched on several key areas of Change Finance/Business -All future government investments require a proof of ROI inside 3 [...]
By Paneetha Ameresekere A multi-national bank last week introduced a product targeting consumers with Rs. 1 million in disposable income, or earning emoluments amounting to Rs. 125,000 per month. HSBC’s Consumer Assets, Liabilities and Strategy Senior Manager Thanuja Gunasekera told The Sunday Leader that their target group numbers around 250,000 consumers who can meet the [...]
By Raisa Wickrematunge Sri Lanka was one of the first countries to elect a female president, making it a pioneer, in a sense, for women’s rights. Since then, women have played a role in politics which cannot be discounted. Now, with General Sarath Fonseka incarcerated, there is a chance that Anoma Fonseka might do the [...]
The World Stroke Organisation (WSO) awarded the National Stroke Association of Sri Lanka (NSAS) the Gold Award for World Stroke Day activities held in October 2009. The activities were organised by the council of the NSAS led by its President, Consultant Neurologist Dr. Padma S. Gunaratne. WSO stated that the message of the World Stroke [...]
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