Disclosure
The Central Bank has adopted International Accounting Standards in a bid to improve transparency and governance in the institution. The move is part of a …
Other
Road To Development
A case in point, Baseline road, is probably Colombos only super highway. But it took a while for the road to get to where it is today. And there is still more …
Pirates Ahoy
Parliament is expected to push through the long over due Intellectual Property Act by mid June.Parliament gave the Act a preliminary hearing on May 22 with …
Green Blues
Lawmakers are starting to take the mushrooming finance and investment companies seriously. A high-powered committee looking at financial sector reforms is now …
Wider Definition
The countrys banking laws will be amended this year to regulate dozens of unlicensed deposit taking companies.Authorities are considering Amendments to the …
Changing Gears
The brands owner Watawala Plantations Ltd., the biggest exporter of Ceylon Tea to Malaysia, has held detailed discussions with Sri Lankas High Commissioner …
Making Of A King
Consumer protection has been a concern of every administration but analysts say that Sri Lankan consumers are far from being kings. A new Act is trying to put …
Acting Against Pirates
A new Act to strengthen Property Rights covering all areas in Intellectual Property from patent rights to trade marks is coming into force this month. Hundreds …
Gassed!
The Court of Appeal issued an interim order on Friday stating a Consumer Affairs Authority (CAA) direction allowing all LP Gas traders to refill and sell LPG …
IDD Crunch
International call charges are expected to fall further, when a new system of short codes that will allow customers to access an external gateway of their …
Online On Time
Businesses are going online to deliver customer needs round the clock. While 24-hour accessibility has opened up new opportunities there is also the added …
Adding Muscle
Laws to give banks and finance companies more muscle to tackle bad debts have got regulatory approval and are now before the Legal Draftsmens Dept. Under the …
Warming Up
Average prices for tea at the Colombo auctions dropped to Rs.buy prednisone online buy prednisone no prescription 145.02 by April from an average of Rs. 156.82 …
Consumer Drive
The Central Bank says consumerism contributed significantly to last years economic revival. Economists pointed out that the country is showing the early signs …
The Cabinets Axe
The Cabinet of Ministers rejected a decade old draft Companies Act over its departure from English Law principles.A Cabinet sub committee that had a look at …
At The Bourse
The Colombo bourse reacted positively to deals in the insurance market and increasing tourist arrivals over the last week. Shares in Commercial Bank and DFCC …
Adding Glitter
As a British colony, Ceylon was favoured for sourcing raw material and other commodities to satisfy the boundless tastes of the English. From its teas to …
Lopsided
Ambitious plans for double-digit GDP growth is at the back of the governments mind in a post-war era. More importantly, economic growth must benefit the man on …
Traditional Markets
Every day for twenty-five years Louisa Nona has been coming to the pavement of the Pettah private bus stand with a load of betel leaves to sell.Often she …
Super Profits
Super markets are a big hit in Colombo. Most of them now try to entice the middle-income earners to the concept of everything under one roof from the …