Author: lbostgadmin
Make or Break
Pramuka’s liquidation process took another twist on Thu. when Court asked monetary authorities to make a ‘honest’ attempt to revive the bank. Pramuka’s liquidation process took another twist on Thu. when Court asked monetary authorities to make a ‘honest’ attempt to revive the bank. Justice P Wijeratne said that there is no point in liquidating […]
Extended Orders
The Court of Appeal has extended an interim order, barring the Securities & Exchange Commission (SEC) from relieving the Director General of his duties. The Court of Appeal has extended an interim order, barring the Securities & Exchange Commission (SEC) from relieving the Director General of his duties. The Director General, Palitha de Silva Gunawardene […]
Precision Cut
Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street.Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street. […]
Travelling Light
Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. In that deal […]
Tamil Tigers resist foreign aid pressure amid fresh diplomatic moves
Tamil Tiger rebels have warned foreign aid donors not to interfere in Sri Lanka’s faltering peace bid amid fresh diplomatic moves to salvage the process, a pro-rebel website reported Thursday.Tamil Tiger rebels have warned foreign aid donors not to interfere in Sri Lanka’s faltering peace bid amid fresh diplomatic moves to salvage the process, a […]
Give tax breaks to companies that do good deeds, says local legal eagle
Companies should get tax benefits for spending on good deeds, says legal eagle Justice Mark Fernando.Companies should get tax benefits for spending on good deeds, says legal eagle Justice Mark Fernando. The retired Supreme Court Judge suggests tax benefits for corporate social responsibility (CSR) activities because they reduce the welfare burden on the State. Fernando […]
Norway says Sri Lanka peace hopes dim, offers exit route
Peace broker Norway Thursday said it would ask Sri Lanka’s feuding parties if they wanted to resume talks as Tamil Tiger rebels warned foreign aid donors not to interfere in the faltering peace process.The Norwegian embassy said Foreign Minister Jan Petersen would arrive in the island next week for talks with President Chandrika Kumaratunga and […]
All in One
Citrix Systems, a US based software solutions providers is asking Sri Lankan companies to cut the chord on information access and forget the high cost of synchronising hardware and software platforms. Citrix Systems, a US based software solutions providers is asking Sri Lankan companies to cut the chord on information access and forget the high […]
Peace Money
Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building.Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building. On its part, the Sri Lankan government would have to maintain consistency in its […]
Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file
Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file.Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file. The Ceylon Chamber of […]
Sri Lanka president to visit India
Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office in New Delhi in May. Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office […]
Soothing Oil
India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months.India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months. Indian state […]