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.
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.
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