All Blogs
Not Done
President Chandrika Kumaratunga has made a fresh attempt to overturn tax amnesty extension given by the government last year.In a petition to the Court of Appeal through her Additional Secretary, Chitra Athurugiriya, she says the amnesty should not be given to lawbreakers like arms dealers, fraudsters, contract killers, drug peddlers, smugglers, bootleggers etc.rn rnThe amnesty […]
Are They Clueless?
Lack of long-term planning since independence and intense party politics have kept Sri Lanka from developing faster, a top private sector personality said on Thursday.The LBO-LBR CEO forum on Thursday saw some of the countrys leading business figures mull over a number of challenges facing the private sector put before them by the keynote speaker […]
Chivalry Not Dead
A state bank rode into the foreign exchange markets once again on Thursday to champion the currency and prevent it from touching the 100.00 rupee mark against the US dollar.The rupee opened at 99.15 and stealthily rose to hit an all time mid-day high of 99.35 against the greenback.rn rnBut state run Bank of Ceylon […]
Netting It All
Top air cargo equipment maker Bridport Aviation, is using its Sri Lankan production base to tie-up new markets in Asia.Bridport already claims a third of the global market for cargo pallet nets, or 75,000 nets a year, with its old 30,000 square feet plant.rn rnIts 400 percent expansion in the Wathupitiwala Export Processing zone off […]
Chinese Tiger
A new report from the US International Trade Commission predicts that China will become the supplier of choice for most US importers after quotas end in 2005. rnrn But while many countries share of the USrnmarket is likely to decline, for some there will be new opportunities to takernadvantage of geographic proximity or product niches. […]
Bending Rules
The government will amend its newly minted labour retrenchment formula to raise the maximum compensation ceiling from 30 to 50 months of salary.rnrn The new ceiling will apply to all firms with a net profit of more than Rs. 100 mn and governed by a collective agreement, Labour Minister Mahinda Samarasinghe said Thursday.rn rnThe changes […]
Back in Fashion
When it comes to company law whats good for the Brits doesnt automatically become good enough for Sri Lanka endash unless UK legislators adopt it first.Lawmakers assigned to redraft the new Companies Act could be left waiting until Britain adopts a new law based on the Canadian Model.rn rnSri Lankas 55-year-old Companies Act, another colonial […]
Extended Version
The HRM Enterprise Version 4.0 is a highly versatile, fully web based system and is database independent.It is flexible and scaleable to any organisation leaving room to plan, define, and change to suit to its structure. rn rnThe new version provides a Self Serving facility to all staff in the organization to access their personal […]
Righteous Vote
The monks will be pitted against minority Tamils, who are mainly Hindus and also want to hold the balance of power after the April 2 election called by President Chandrika Kumaratunga nearly four years ahead of schedule.rn rn The majority Sinhalese community, which is mainly Buddhist, is divided down the middle between two coalition parties […]
Confused Signals
Top trade chambers say Tuesdays meeting with the PA-JVP alliance has failed to shed any light on how they plan to manage the economy.The newly formed JVP-PA alliance talked of promoting a mixed economy with a ban on importing unessential goods.rn rnBusinessmen, instead, were left with many pointed questions like progress in a gamut of […]