Smoking Guns

The bright red pack of John Player with ‘Gold Leaf’ in gold lettering is a common sight in just about any retail outlet in Sri Lanka.Now John Player is in Courts. The bright red pack of John Player with ‘Gold Leaf’ in gold lettering is a common sight in just about any retail outlet in […]

End of a Call

Former SLT Chairman said the company was expected to post a Rs.4 billion pre-tax profit this year judging by the performance in the first half.Former SLT Chairman said the company was expected to post a Rs. 4 billion pre-tax profit this year judging by the performance in the first half. He also said SLT will […]

Getting Close

Rich and poor nations were close to striking a historic deal on Saturday to slash billions of dollars in farm subsidies, create more open industrial markets and put troubled global commerce negotiations back on track.Rich and poor nations were close to striking a historic deal on Saturday to slash billions of dollars in farm subsidies, […]

Time Trap

The clock is ticking on a world trade negotiation deadline but the members of the World Trade Organisation are still at each other’s throats. The clock is ticking on a world trade negotiation deadline but the members of the World Trade Organisation are still at each other’s throats. On Thursday Australia, Brazil, the EU, India […]

Old Story

A recent study of Sri Lanka’s ageing population shows that the island is not prepared to look after its senior citizens.A recent study of Sri Lanka’s ageing population shows that the island is not prepared to look after its senior citizens. The UK based Overseas Development Institute (ODI) in a study earlier this year says […]

Early Bird

State run Bank of Ceylon is coming up with a 14+ savings account targeting the growing 14 to 18 year labour market and student population. State run Bank of Ceylon is coming up with a 14+ savings account targeting the growing 14 to 18 year labour market and student population. Kicking off in August, the […]

Hotting Up

Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said.Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said. “Prices will definitely go up by at least five percent in October. […]

Bad Call

Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs.2 billion in profits for the first half of 2004.Outgoing Chairman of Sri Lanka Telecom, Thilanga Sumathipala says the incumbent operator has posted Rs. 2 billion in profits for the first half of 2004. Sumathipala also expects a Rs. 4 billion […]

Changing Guard

First Capital Group’s Chief Executive Ajith Devasurendra quit on Thursday, sparking off speculations that Singer (Sri Lanka) may pick up his stake.First Capital Group’s Chief Executive Ajith Devasurendra quit on Thursday, sparking off speculations that Singer (Sri Lanka) may pick up his stake. After nearly 20 years of successful partnership, Devasurendra said he is selling […]

Stiff Price

Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday.Taxpayers will be called up to pay around six billion rupees to train over 40,000 unemployable graduates over a two year period, the government said Wednesday. An election promise to […]

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