All Stories in Economic

Bribery Chief presiding over private arbitration issue in High Court

Bribery Chief presiding over private arbitration issue in High Court

   In a Petition filed in Case No. HC (Civil) WP 64/2013/ARB on 5 April 2013 in the High Court of Western Province by Delmege Forsyth & Co. Ltd. The Chairman of the Bribery Commission D.J. de Silva Balapatabendi had been disclosed to have presided …

Sri Lankan asylum seekers boat reach West Australia

Sri Lankan asylum seekers boat reach West Australia

  ▶sinhala– සිංහල ▶english–    Australian opposition leader Tony Abbott has accused the Australian government of “surrendering” on border protection after a boat carrying 66 Sri Lankan asylum-seekers reached the Australian mainland yesterday. The latest arrival, which will be the subject of a Customs and …

Sri Lanka the nexus between shipping and aviation routes of West and East

Sri Lanka the nexus between shipping and aviation routes of West and East

  Dr. Chris Nonis Sri Lanka’s Ambassador to UK speaking at the Ambassadors Panel of the Global Economic Forum 2013, UK, highlighted the geo-strategic positioning of Sri Lanka at the nexus between shipping and aviation routes of the West and the East, and the substantial …

Expatriate Tamils demonstrate in London

Expatriate Tamils demonstrate in London

     Expatriate Tamils took to the streets in London on Friday, demanding a UN referendum to determine the creation of Tamil Eelam. “We want action, not words,” the protesters said rejecting any solution based on Sri Lanka’s LLRC. Demanding the United Nations not to …

Packer eyes casino business in Sri Lanka

Packer eyes casino business in Sri Lanka

       Australian gambling tycoon James Packer may be lining up a bet on Sri Lanka, scouting the Indian Ocean island for potential investments as he seeks to build a global casino empire. Packer, who owns half of casino operator Crown Ltd, met with …

Dutch Canal ( Hamilton Canal) to be developed as a tourist attraction

Dutch Canal ( Hamilton Canal) to be developed as a tourist attraction

  ▶sinhala– සිංහල ▶english–      Work on the developing of the the 14km of the Hamilton Canal from Hendala to the Negombo Lagoon section is nearing completion with the work being carried at a fast pace by the Sri Lanka Land Reclamation and Development …

Airwaves auctioned for 4G mobile network

Airwaves auctioned for 4G mobile network

    Sri Lanka auctioned a block of airwaves to become the first country in South Asia to roll out a full nationwide mobile fourth-generation (4G) network, a top official said yesterday. Anusha Palpita, director general of the Telecommunications Regulatory Commission, said he allocated the …

HSBC faces money laundering claims in Argentina

HSBC faces money laundering claims in Argentina

  ▶sinhala– සිංහල ▶english–         Banking giant HSBC, which was hit with a US fine for money laundering last year, is facing fresh accusations of illegal activity in Argentina.  Argentina has alleged that the bank used “fake receipts” to facilitate money laundering …

Raj Rajaratnam brother charged with insider trading

Raj Rajaratnam brother charged with insider trading

          Raj Rajaratnam’s younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convicted nearly two years ago, U.S. prosecutors announced on Thursday. Prosecutors said Rengan Rajaratnam, 42, …

Geopolitics may hurt Bajaj in Lanka

Geopolitics may hurt Bajaj in Lanka

     Bajaj Auto, India’s biggest two-wheeler exporter, risks a decline in exports to Sri Lanka if the island nation hikes import duties yet again. Sri Lanka faces a vote at the United Nations Human Rights Council on March 21 over alleged violation of human …