Author: lbostgadmin
Primary Dealers lobby for tax correction
Primary dealers were lobbying to correct a rushed provision to the Inland Revenue Act last month that could slap a huge tax bill on the industry.Primary dealers were lobbying to correct a rushed provision to the Inland Revenue Act last month that could slap a huge tax bill on the industry. Although the Inland Revenue […]
Vanik on the mat after failing to meet interest payments for debentureholders
The Trustee of Vanik debentureholders have asked the Colombo Stock Exchange to take action against the company for failing to honour its interest payments.The Trustee of Vanik debentureholders have asked the Colombo Stock Exchange to take action against the company for failing to honour its interest payments. Trustees Secretarius (Pvt) Ltd said the third installment […]
Sri Lankan pepper no threat to Indian pepper
Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka.Pepper exports to India are not breaking the Indo-Lanka free trade pact or destabilising Indian production, say pepper producers in Sri Lanka. “The Indian trade delegation from Delhi that was here in August were […]
WTO agrees to look at adjustment costs when quotas are gone
Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone.Smaller garment-dependent countries got a break this week with the World Trade Organisation (WTO) agreeing to look at ‘adjustment issues’ when quotas are gone. The WTO’s Goods and Services Council agreed this […]
Swedish Aid
The Swedish Government pitched in with a US$ 20 mn loan on Friday to light up villages, as well as small and medium industries in rural Sri Lanka.The Swedish Government pitched in with a US$ 20 mn loan on Friday to light up villages, as well as small and medium industries in rural Sri Lanka. […]
Lap Dance
ICM Worldwide with support from global chipmaker Intel, will begin commercial assembly of laptops here to meet local demand for mobile computing. ICM Worldwide with support from global chipmaker Intel, will begin commercial assembly of laptops here to meet local demand for mobile computing. The laptop’s design and specifications, on par with big brands will […]
Head Hunt
JobsNet, the national employment sourcing body, says it has 48,000 jobs and 83,000 job seekers, but brokering marriages between the two is easier said than done. JobsNet, the national employment sourcing body, says it has 48,000 jobs and 83,000 job seekers, but brokering marriages between the two is easier said than done. “We have 15,000 […]
Subsidies feed up fat cats and not those that need it, says the International Labour Organisation.
Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO).Subsidies are not just wasteful but quite a lot of it ends up fattening up the already fat cats, says the International Labour Organisation (ILO). A report published by the ILO […]
Diplomatic moves to extend supplier credit to tide over external shocks and stabilise a nervy rupee
Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said.Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said. […]
Changing Tracks
Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year.Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year. Under earlier terms, about eight suppliers would sell […]
Tough Luck
The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator.The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator. Okanda Finance and Okanda Investments had […]
By Mail
Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. The Dept., with a Rs. 465 million loss last […]