Category: Other
Clean Deals
CDM or Clean Development Mechanism developed under the Kyoto Protocol to cut green house gas emissions of industrial countries by five percent by 2012 is wooing emerging economies to trade what are called carbon credits and help industrial countries meet targets. CDM or Clean Development Mechanism developed under the Kyoto Protocol to cut green house […]
Kenyan tea production drops nearly four percent in first quarter 2005
NAIROBI, May 23 (AFP) – Kenya, one of the world’s largest tea exporters, suffered a nearly four percent drop in production in the first quarter of 2005 due to poor weather conditions, the Tea Board of Kenya (TBK) said Monday. In the first three months of the year, tea production fell by 3.79 percent (3,300 […]
Watawala rolls out capital expansion plans while stepping up exposure to minor crops
Watawala Plantations is infusing Rs.158 million through a capital development drive to upgrade its tea and rubber sector, the firm said on Monday. Expansion plans include Rs. 85.93 million to set up a fully automated tea blending and cleaning plant, planting new tea on 13 hectares of land and replanting 25 hectares of rubber.To reduce […]
Regulations Help
A top European auditor says regulators here must think about legislation to force listed companies to setup audit committees.A top European auditor says regulators here must think about legislation to force listed companies to setup audit committees. Few of Sri Lanka’s over 200 public firms have independent audit committees that help protect the rights of […]
Medical Failure
The Asian Human Rights Commission has pulled up three cases of gross medical negligence in local hospitals in the past two weeks alone, saying victims have no way to get redress. The Asian Human Rights Commission has pulled up three cases of gross medical negligence in local hospitals in the past two weeks alone, saying […]
Small Mercy
While applauding a Maldivian government decision to grant an amnesty to a cyberdissident, Reporters Without Borders (RSF) has called for the release of two others who have been sentenced to life for publishing an e-mail newsletter.While applauding a Maldivian government decision to grant an amnesty to a cyberdissident, Reporters Without Borders (RSF) has called for […]
Gunned Down
Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of Batticaloa, the defence ministry said. Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of […]
Did SLIM slip?
Guest Columnist Harsha de Silva makes his observations on the validity of the recent National Icon awards presented by the Sri Lanka Institute of Marketing [SLIM] and given wide publicity. Guest Columnist Harsha de Silva makes his observations on the validity of the recent National Icon awards presented by the Sri Lanka Institute of Marketing […]
Serious Business
Sri Lankan police Monday announced a major crackdown against speeding drivers after two buses racing each other killed a passenger and injured 16 in the same area where a train-bus crash killed 37 last week.Sri Lankan police Monday announced a major crackdown against speeding drivers after two buses racing each other killed a passenger and […]
Pass The Book
Finance companies will soon start accepting savings deposits after the regulator the Central Bank gave them clearance from February this year. Finance companies, that have been asking to be allowed to raise savings deposits for years, will however have to cap their interest rates on these deposits to the weighted 3 month Treasury bill rate […]
Axe It
Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers.Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers. Labour Minister Gazetted the formula last month that gives up to 48 […]
Forgotten Homework
World Bank says the country has lost the education advantage it had in Asia but second generation reforms of the sector can help Sri Lanka regain lost ground. World Bank says the country has lost the education advantage it had in Asia but second generation reforms of the sector can help Sri Lanka regain lost […]