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ALERTS >>

growth slowed to 3.2-pct in 2018: central bank
Chevron unit March quarter net profit down 14-pct

Sri Lanka admits 'major' lapse over deadly Islamist blasts
Kindness compassion are two vital ingrediants required for peace stability.These things have been vanishing fast globally.Bythe way Place of education, country of post graduation ect ect are no substitutes for basic human values.
Sri Lanka to restructure police, security force leadership: President
There obviously has been a sellout of the safety of the citizens , in this case, as we see the evidence and stories ootfolding. A huge amount of money has been thrown around and that is how these terrorist gained ground. The dedicated security and intelligence personnel should have been, and should be allowed to do their job of, mostly excellent, work, and not be interfered with by any minister or politician, as has reportedly happened. More so, we should have strong, upright leaders, who are unimpeachable and not be swayed by any unsubstantiated issues or comments. The administrators, in the case of certain ministries, should be those who are either academically or professionally qualified and experienced in those subjects, and be appointed for a longer period. In the days where civil servants were the heads of ministries and departments, no body other than their immediate heads dared to interfere. And the job was efficiently done and accounted. They all should be spending more time at the desks administering and not be frequently dragged for each and every event, to impress the public with the crowds,wasting good productive time.
Protests in Vietnam over 99-year leases to China firms
...appreciate such nationalistic stance, seems ain't practice by some SriLankans. :(
Sri Lanka bomber had been arrested and released before
Make known the person who put pressure to release him. It's time the media acted and make known the culprits. If not you are as guilty
Sri Lanka's CEB needs Rs40bn bailout amid Rs89bn projected loss: Minister
Don't blame environmentalists for a cancelled coal plant for this situation . Blaming other for CEB problems is one of the reasons CEB can't solve any issues.
Sri Lanka lifts curfew on Monday after Easter bombings
WE need new leaders, who will have an impact on all and focus on the effective , spound ,administration . While the full attention was directed towards the drug menace, these venomous people found the day and time perfect to strike.
Sri Lanka to slash customs inspections after blocking identity theft
Customs has been good at blaming individual importers for illegaly pushing their goods through the border. If you check the bank accounts and assets of the Customs officers, you may find out that actually who is making money.
I know few customs officers who sent their children to Australia and spent 500k for their education. I am not critical of this new system and procedure. It is right time to make changes to Customs Act and creating a new Boader Control Authority. The new Boader Control Authority should be the merger of current Customs and Immigration departments
Audit queries validity of Sri Lanka tourist board assets, delayed EPF payments
To continue auditing state institutions and discovering frauds and questionable accounting practices, without any meaningful direction to prosecute those responsible, and even worse, the puzzling delay of cases with clear evidence, suddenly taking a queer direction with the release of the suspects , with bail or exoneration. Those with clear charges against them or the organisations , are continued to be allowed to enter government contracts. The minor offenders are seemingly pummeled by the legal process.
Sri Lanka Central Bank launches Sustainable Finance Roadmap
Central bank must fix sustaining government finances first
Sri Lanka predatory lenders abuse financial ignorance of people
Debt recovery law and practice has been mostly in favour of the lenders. Some have even been made to sign agreements they do not understand and incorrectly, or deceptively done to trap them into a debt they will eventually default and loose all they have. The research done by the banks has been used to draw these hapless, and some careless borrowers. How many have been cunningly been made to sign blank letters forms. And from whom do the government and central bank borrow from. By now , and with the evidence of the bond scsm, scheming has been going on for quite awhile.
Sri Lanka state officials, doctors to cripple public services over judges pay hike
The leadership of the present government are the best there is for the unions, mainly the dependable to the citizen, like, health, water, electricity, etc., to get their demands. Staying in power at any costs, damn the suffering of the greater population, who have to pay the final bill. And the play goes on.
Sri Lanka to force down bank lending rates
I am afraid Nana is wrong. UK did the same in 1980s and the harm to the economy caused by this strategy was obvious in 1990s and still.
Sri Lanka to offer leeway on new regulations for small banks, finance companies
Wonder which banks need leeway?
New SriLankan Airlines business plan focuses on routes, fleet
Sri Lanka has been made a land of opportunity for the fraudulent deal maskers and corrupt politicians and a few officials. immagine, declaring an unknown investor coming from the blues and not in the recognised world listings known for the subject in question. The conclusion of a strange premium costs deals, ultimately,dumped on the public who have to foot the bill. Many are the spurious contracts signed with parties and even more strange is the deliberate neglect in including a clause that rescues us from a botched deal, but to finally see this country pummeled to pay the unjustified default.
Sri Lanka expects to connect 170MW plants to end blackouts
Whatever the arguments have been, ultimately as usual, the mafia gains. There is, as always, in many transactions when it comes to be for the interest of the public , a cut for the deal makers, both in and out.
Sri Lanka power crisis 65-pct due to politicians: Ravi
There should be a Commission of Inquiry to the failure RMB Senanayake
Natural gas fund proposed for Sri Lankan hydrocarbon deposit earnings
Sri Lanka has to set up its own National Oil and Gas Company like other Countries as the present set up the PRDS established in 2005 is only a Regulator. The Petroleum Industry in Sri Lanka was Nationalized Industry in the early 60's and is a Government Monopoly and not managed properly and needs the infusion of private Sector expertise. Power (CEB) and Energy (CPC and PRDS ) are Sri Lanka's Achilles Heel but can also be the Game Changer if its potential is efficiently and scientifically coordinated/harnessed. To develop a Country it has to use its Natural Resources and Human Resources wisely which Sri Lanka has not done since Independence and we don't understand the importance of been earnest.
To get out the of the Debt Trap we are in today we need 'serenditity' a fortunate discovery by accident like East Timor did which is a Rag to Riches Story riding on its El-Dorado- Gas find in the East Timor Sea. Who will pull out our double edged Sword Excaliber from the Sea. East Timor has a small but tidy Sovereign Fund from its Gas Revenues.
Citibank’s Sri Lanka unit maintains zero bad loans record, retains 'AAA(lka)' rating
What a joke - Citi was one of the key finisicial instructions which triggered the 2007 financial crisis in the USA and the eventually through contagion effect the world . Only reason SL unit has 0 NPL is that they are not engaging in any form of lending with risk - its like getting BOC/Peoples to engage only in Deposit mobilization and invest in Treasuries only with no mismatches. Brilliant assessment by Fitch :)
Private credit in Sri Lanka turns negative after four years in Jan 2019
Sri Lankas latest credit crunch could last for months or even years. The pm says no fiscal stimulus so where will the recovery come from? Doesnt anyone in government care??
Sena Yaddehige charged with insider dealing by Sri Lanka regulator
Over the years there has been illegal arm twisting and manipulation of ownership of stocks of top clean business companies. Politics has played a role, and since the end of the war, many shares ownership has been influenced by these dirty play. The share and trading law and rules has seen loopholes been created for the benefit of a few, and a certain highly respected conglomerate whose former chairman had his shares held in a trust after his death, saw these shares been made to be forcefully sold, to a favorite individuals of the political party. The whole share market was transformed into a cesspool, and those responsible for its discipline stood by not daring to take any action, but became partners in progress and made it worse, never seen in the annals of a share market anywhere in the world. any innocent investors were sacrifice on the alter of greed. Justice was made on the political platform and is still stuck there.

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