Category: Other
Growing Octopus
The securities watchdog is looking at expanding the Takeovers & Mergers Code to cover indirect takeovers. The securities watchdog is looking at expanding the Takeovers & Mergers Code to cover indirect takeovers. The Securities & Exchange Commission’s (SEC) powers are presently limited to companies quoted on the Colombo Stock Exchange. Hence its Takeovers & Mergers […]
Food For Thought
Farmers have increased area planted with GM crops by over 50 times in last decade. Farmers have increased area planted with GM crops by over 50 times in last decade. But there are no studies on the long-term effects of eating GM food or the effects those crops can have on the environment. Many imported […]
Tea for tourists and sympathy for tsunami survivors in Sri Lanka
The Asian tsunamis washed away much of what drew foreigners to Sri Lanka’s beaches, but a coastal tea plantation reputed for making the world’s most expensive tea has survived to become an oasis for tourists. The usual attractions — turtle hatcheries, marine museums, souvenir shops and fishermen on stilts — vanished in the December 26 […]
Political Gas
Legislators included an outdated provision from the old Fair Trade Commission law when a new Act for consumer protection was passed a couple of years ago. Legislators included an outdated provision from the old Fair Trade Commission law when a new Act for consumer protection was passed a couple of years ago. Government is now […]
Strange Economy
The IMF outgoing resident representative Jeremy Carter says Sri Lanka’s macro economic challenges are little changed from a decade ago when he started to analyze the Lankan economy.The IMF outgoing resident representative Jeremy Carter says Sri Lanka’s macro economic challenges are little changed from a decade ago when he started to analyze the Lankan economy. […]
Not Funny
Depositors and creditors of the failed Pramuka Bank sought legal action on Tue demanding Rs. 6 bn as damages from the regulator, the auditors and directors. Depositors and creditors of the failed Pramuka Bank sought legal action on Tue demanding Rs. 6 bn as damages from the regulator, the auditors and directors. The District Court […]
Regaining the Coast
The government is going ahead with plans for a ‘no-building’ zone along the island’s coast. The government is going ahead with plans for a ‘no-building’ zone along the island’s coast. “We have already started putting temporary markers on the 100m zone.The Coast Conservation Department will fix the permanent markers.Then we will demarcate it on the […]
Capital Alliance Holdings picks up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd for Rs. 10 mn
Rising investment bank Capital Alliance Holdings extended its portfolio by picking up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd on Monday in a deal worth Rs. 10 mn. The forty two year old De Silva Abeywardena & Peiris, is currently one of the smallest out of the nine commodity brokers, with interest in […]
Help ’em
The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. Humanitarian […]
’em
The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. The government and LTTE are discussing a deal to help reconstruct rebel held North and East where more than two thirds of the tsunami displaced are living. Humanitarian […]
Getting Ready
Disaster management experts say now is a ‘teachable moment’ to get Sri Lankans thinking about disaster management and a warning system. Disaster management experts say now is a ‘teachable moment’ to get Sri Lankans thinking about disaster management and a warning system. The devastating tsunami that struck a month ago has created awareness according to […]
Fishing: In Troubled Waters
Fishermen one of the poorest segments in the population was hard hit by the tsunami.The tidal waves wiped out two thirds of the country’s fishing fleet leaving thousands without incomes. Fishermen one of the poorest segments in the population was hard hit by the tsunami. The tidal waves wiped out two thirds of the country’s […]