Different Jump
June 26, 2007 (AFP) - A Sri Lankan athletics coach participating in an international training programme has disappeared in Italy, a senior official said …
Legal
Split Path
June 20, 2007 (LBO) – Two Colombo-listed firms have opted to split their shares after a new law forced the companies to withdraw an earlier decision to …
Blocked Call
June 14, 2007 (LBO) – Sri Lanka's highest court halted the sale of shares of the country's largest fixed access operator to a Malaysian firm Thursday, …
Wrong List
WASHINGTON, June 12, 2007 (AFP) - US Middle East allies Bahrain, Kuwait, Oman and Qatar, as well as key trading partner Malaysia were added Tuesday to a …
Go Back
June 11, 2007 (AFP) - Sri Lanka has deported over 400 foreign nationals so far this year for overstaying their visas and working in the island illegally, the …
Clear Rules
June 08, 2007 (LBO) – A top World Bank official Thursday warned of the dangers of governments accepting unsolicited proposals in public-private …
Inflated Fines
June 07, 2007 (LBO) – Sri Lanka's capital markets watchdog is planning to impose stiffer penalties as part of an overall revamp of key statutes governing …
Trend Setter
June 05, 2007 (LBO) - Richard Pieris, a Sri Lanka listed firm, has declared a cash dividend and a stock distribution under provisions of a new company law that …
High Standards
June 04, 2007 (LBO) – Sri Lanka's new company law should encourage good governance and help deter boardroom abuses that have given the corporate sector a …
Opposition Despots
June 01, 2007 (LBO) – The Free Media Movement has slammed the opposition United National Party over its continued attempts to intimidate newspaper …
Capital Loss
May 30, 2007 (LBO) – Tableware exporter Dankotuwa Porcelain has announced plans to reduce its share capital to wipe off accumulated losses amounting to …
Asset Backed
May 30, 2007 (LBO) – Sri Lankan companies that securitize leases will get to retain capital allowances and be exempt from stamp duty under a new law …
Human Capital
May 30, 2007 (LBO) – The Securities and Exchange has hired three new specialists to push asset management, debt markets and communications, the regulator …
Caught
JAKARTA, May 29, 2007 (AFP) - Two Sri Lankans and an Indonesian have been arrested in Jakarta for allegedly running a people smuggling operation to Australia, …
Law Club
May 27, 2007 (LBO) – Sri Lanka has been re-elected to the United National Commission on International Trade Law (UNCITRAL) for a six year period, the …
Extradition Quest
May 26, 2007 (LBO) – The Philippine government has asked for arrested operators of the Questnet referral schemes in which tens of thousands of poor …
Tax Loophole
May 22, 2007 (LBO) – The new company law gives companies a better chance to avoid paying tax on investment income, a corporate law expert said Tuesday. A …
At Last
May 21, 2007 (LBO) – Copies of Sri Lanka’s new Companies Act can now be downloaded from the Web and are available at the government publications …
Bonus Status
May 18, 2007 (LBO) - Colombo Stock Exchange has withdrawn the approval for bonus issues of some companies, and asked twelve firms to submit fresh applications …
More Victims
May 14, 2007 (LBO) – A listed Islamic insurer said it was suspending a proposed bonus issue, while a shipping firm said it had sought legal advice on how …