Wednesday, 16 September, 2009
 
 

Fresh boost for peace process

With war over, the crucial peace process appears to be back on track as several recent key developments giving a fresh boost to a permanent solution to multi-decade old conflict.

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London Stock Exchange to buy Lanka’s MillenniumIT in Rs. 10 b deal

In what could be the biggest boost to Sri Lanka’s attractiveness for business ideas and skill, the London Stock Exchange (LSE) is to buy MillenniumIT, a homegrown trading technology software company promoted by IT entrepreneur Tony Weerasinghe.

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Dial your way out of a jam

Stuck in traffic? Call 112394959 and let the Police help you out. In an attempt to ease traffic jams and provide relief to commuters and motorists as they battle rush hour, the new hotline launched by the Police today would provide callers with on-the-spot assistance.
Pic by Ravindra Dharmetilleke
 
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CB gives in, cuts policy rates

After facing some apparent criticism over its stand of not encouraging a more desired downward trend in interest rates, Central Bank last week reduced its policy rates
The Monetary Board, at its September 11 meeting decided to reduce its policy interest rates by 50 basis points each.
Accordingly, the Repurchase rate and the Reverse Repurchase rate of the Central Bank would be 8.00 per cent and 10.50 per cent, respectively.

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Mediterranean Magic at 7º North

7º North (Seven Degrees North) is one of my favourite places in the world. By a twist of geography it’s the latitude north of the equator where the cultural fiesta that is Colombo city resides, and it is the aptly chosen name for Cinnamon Lakeside’s newest restaurant which combines the charm and cosmopolitan vibe of the city like no other.

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