The Sunday Times Sri Lanka - Financial Times

Financial Times

Sri Lanka’s foreign reserves, which got a tremendous boost from the IMF on Friday, is seen reaching over $4 billion in the next few weeks, Central Bank (CB) officials said. On Friday, the CB said gross official reserves had reached $3.9 billion following a new SDR allocation by the International Monetary Fund (IMF).

F&G directors meet in Welikada prison on payment plan

Directors of two companies F& G Real Estate Co Ltd and F&G Property Developers (Pvt) Ltd held board meetings inside the Welikada Magazine Prison this week and unanimously adopted two separate resolutions to repay a sum of around Rs.8.3 billion to 5,600 depositors.

Other Financial Times Articles

>	Lanka’s forex reserves surge
>	F&G directors meet in Welikada prison on payment plan
>	Top investor Jim Rogers visits Sri Lanka
>	SLIC board's random decisions irk staff
>	Police caught flat-footed on public-smoking arrests
>	SLT facing an internal crisis
>	Kotelawala, GK directors meet at Central Bank
>	COMMENT - Jim Rogers was here!
>	Fallacy and the reality of IMF Standby Arrangement for Sri Lanka
>	CIMA/ICMA - Accounting qualification battle rages on
>	‘Small Miracle’ Tagline is no more
>	HNB opens commercial operations for remittances from Canada
>	Terminations, VRS and workforce restructuring on the rise
>	Developing nation consumers prefer mobiles for Internet access
>	Call for more engineers to be produced
>	Distilleries profits drop sharply
>	Summa Navaratnam ends mercantile career of over five decades
>	Managing properties in Sri Lanka and overseas as local industry takes off
>	The new silver frosted proof coins
>	Pakistan Civil Aviation hires MTI Consulting
>	Improved agricultural knowledge access through IT
>	Sri Lanka's banking technology leads region
>	SIA to fly to Melbourne with A380
>	Textured Jersey to supply fleece fabric for Pink, the No.1 lounge wear brand
>	New war strategies succeeded against LTTE
>	Dispute once again over SLT Tariffs
>	Lalith W wants the Public Service to be courteous
>	Seven judge SC bench to hear PBJ case
>	Garment exports down for second month in a row
>	Garment factories invited to go North
>	Bilingual education system showing good results – Education Ministry
>	Fewer students attracted to marketing field this year
>	EFC study on training needs of SMEs
>	Education opportunities in New Zealand
>	UK Sri Lankan Business Directory launched
>	Micro Cars to manufacture container trucks and tractors for the North and East
>	Upcoming IT park: Orion City ties up with Suntel
>	‘Garments without Guilt’ campaign gets another global award
>	A wise call on Colombo South Port
>	Competitors threaten to stop interconnect to Airtel
>	Sukuk certificates to attract Muslim millions for post-war development
>	HNB shows slight increase in profits
>	CCC receives applications for this year’s CSR awards
>	Allianz Lanka continues growth performance into 2Q09
>	SriLankan Airlines saves Rs. 6 billion through cost restructuring measures
>	Privatisation: Myth and reality
>	Singer net profit down for 1H09 and 2Q09
>	Lankan entrepreneur nominated for biz award
>	400 stalls at 2009 Colombo International Book Fair
>	NDB an attractive option for a merger
>	Local companies yet to face true global competition
>	LankaClear net profit drops in 2008/09 Financial Year
>	Huge remittances through Seylan Bank

Putting a smile on the CMC

Colombo Municipality’s Special Administrator, Omar Kamil addressed the Sunday Times Business Club on Thursday on how he planned to tackle many issues including the garbage menace. At the same meeting, well-known entertainer Ronnie Leach, entertained the audience with some hilarious jokes. Seen here Mr Kamil enjoying one of Ronnie’s jokes. Pic by J. Weerasekera.