Legal

Empty Shell

The Consumer Affairs Authority (CAA) plans to take legal action against Shell and Laugfs for prematurely increasing gas prices. The Consumer Affairs Authority …

Sugar Coat

Parliament Tuesday the controversial land tax bill, paving the way for foreigners to be taxed 100 percent whenever they buy properties. Parliament Tuesday the …

Free Money

Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled out on Wednesday. …

VIP Trouble

Central Bank officials say they will prosecute directors of the failed Pramuka Savings and Development Bank (PSDB) which is being liquidated by the regulator. …

Second Class?

A government decision to hit foreign purchases of land with a 100 percent transfer tax could backfire by driving away foreign investments and hurting local …

Nasty Bug

The government is trying a backdoor move to slip in a clause that classifies local firms, which are 25 percent foreign owned, as non-citizens. The government …

Land Grab

The government cancelled 528 land transactions under the Land Reclamation Commission (LRC) on Thursday. The government cancelled 528 land transactions under …

Too Much?

A top audit expert is asking authorities close ownership loopholes on investment trusts, as capital market regulators tighten the noose on auditors and listed …

Strategic Act

Senior Presidential Advisor Mano Tittawella on Wednesday told a conference hall full of donor agency representatives that a draft bill to set up the Strategic …

Joint Effort

The Securities watchdog has asked the Institute of Chartered Accountants to incorporate the SEC’s views into the ICASL’s corporate governance code. The …

Deja Vu

Black July is past but not gone for good, warns the Asian Human Rights Commission (AHRC) pointing to cases of police torture that continue to occur in Sri …

Reform Pains

Civil rights activists warn that Sri Lanka is in danger of unfavourable reforms because of poor application of international trade agreements. Human rights …

Back Stabbing

A supporter of the breakaway commander who led an unprecedented split in the Tamil Tiger guerrillas in March was gunned down by a fellow inmate at a jail in …

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