Financial Times

US report highlights corrupt Lankan deals

Continued lending on the “scale of the IMF standby arrangement is irresponsible and continued silence by the World Bank on the issue of corruption in public sector ‘reforms’ in the country are indefensible”, according to a top US whistleblower.

 
Central Bank requested to rectify Banking Act anomaly: CSE
The Colombo Stock Exchange (CSE) has written to the Central Bank (CB) to rectify an anomaly between the Banking Act and the Companies' Act pertaining to listed banks, according to a CSE official. Whilst the Banking Act says that shares of a bank shall not be registered till the origins of the purchaser is verified, the Companies’ Act says the shares need to be registered upon purchase.
 
Other Financial Times Articles
> US report highlights corrupt Lankan deals
> Central Bank requested to rectify Banking Act anomaly: CSE
> Seylan withdraws disputed letter
> Smiling Lanka 22nd happiest place to be
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> Insurance Board seeks new DG
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> COMMENT - Corruption 2: Under world scrutiny
> Corrupt privatization doesn’t deter IMF lending to Sri Lanka
> Water's Edge revival case dismissed
> IMF loan will boost reserves
> Hikka Fest draws the crowds with scintillating drum festival and other top performers
> Ceylinco Takaful registration suspended for 3 weeks
> EFC workshop on the survey on manpower issues
> FCCISL, Oxfam partnership for humanitarian emergencies
> Lankan foreign reserves rise sharply in four months
> Sri Lanka’s Heladiv opens stores in China
> Computer training for visually handicapped
> End of war positive for economic growth
> ‘Horlicks Smart Pass’ seminars for Grade 5 scholarship students
> Hertz for hire in Lanka
> 12 bank accounts of F&G suspended
> Fitch affirms Standard Chartered Bank despite adverse publicity issues
> Airtel in partnership network to spread its services
> DFCC profits gain in first quarter
> Lankan inflation remains low in July
> Nawaz and Manilal join CCI as Vice Presidents
> Haycarb maintains growth in 1Q 2009-10
> ICASL ‘Leads a New Beginning’ at 30th National Conference
> Cornucopia Lanka offers assessment solutions
> AIU Holdings advances towards operating independence
> PBJ case to be mentioned
> Room to Read challenge to local businesses
> Good performance in three sectors sees Hayleys profits rise by 16%
> Biz delegation from Yunnan Province, China keen on investment
> SLT, Mobitel unveil flagship store in Kandy
> Tokyo Cement’s new concrete mix for homemakers
> Sri Lanka Tourism officials return after study tour
> Heritance Kandalama partners AFLAC to uplift school library in Dambulla
> Ogilvy Action gearing to enter North and East
> UAL reports steady progress in 2Q
> KVPL wipes off first quarter losses in 2Q ’09
> $25 mln investment from the US under discussion
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> IMF agreement will not stop spending increases for North and East – Central Bank
> CB urged to expedite the GK repayment plan
> Rice processing centres for Batticaloa
> Spence 1Q2009 records a 22.3% drop in profits
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> Moneragala to be developed as Sri Lanka’s rubber industry hub

 
Morris Minor body parts made in Sri Lanka by Durable Cars Lanka Pvt Ltd for the UK market are on display at their stall at the Machinery Exhibition 2009 opened at Srimavo Bandaranayake Exhibition Centre (BMICH) on Friday the 7th. Pic by J. Weerasekera

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