Category: Other
Clothing Colony
The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment driver this year. The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment […]
Inventing Impasse
From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power.From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power. “Most of our local […]
Bad Apples
Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies.Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies. […]
The Bridge
A major cause for poverty in Sri Lanka is the lack of infrastructure.The cost of short term relief, offered by politicians here, has been a long term vision essential for infrastructure development to take place. A major cause for poverty in Sri Lanka is the lack of infrastructure. The cost of short term relief, offered […]
Cess on coconut and palm oil imports to fund local coconut industry
The Plantation Industries Ministry is looking at financing local coconut production through a cess on coconut oil and palm oil imports.The Plantation Industries Ministry is looking at financing local coconut production through a cess on coconut oil and palm oil imports. “We will set up a Rs. 300 mn cess fund for the coconut industry […]
Labour Love Lost
Globalization has many critics especially in poor countries.Globalization has many critics especially in poor countries. The dismal working conditions for employees in some export industries have given the global market the image of one that serves only the rich. But in reality globalization has created millions of jobs around the world and helped lift people […]
Tough Luck
The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator.The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator. Okanda Finance and Okanda Investments had […]
Cutting Ties
The Sri Lankan government is taking another look at what countries it wants to target for preferential trade agreements.The Sri Lankan government is taking another look at what countries it wants to target for preferential trade agreements. Under the previous UNF regime, Sri Lanka initiated talks with 28 countries, including those already in regional trade […]
Bank Bugs
Pramuka Depositors Association has sought legal redress to cancel the liquidation process and said that they would seek damages from key officials. Pramuka Depositors Association has sought legal redress to cancel the liquidation process and said that they would seek damages from key officials. Filing a petition with the Court of Appeal on Monday, the […]
End August tea exports at record 199 mn kilos, in line with projections for over 300 mn kilo year end target
Sri Lanka tea exports to end August 2004 hit 199.29 million kilos the highest quantity shipped for this period and indicates that Sri Lanka is on its way to achieving a new record for the year.Sri Lanka tea exports to end August 2004 hit 199.29 million kilos the highest quantity shipped for this period and […]
Playing Tag
Plans for new food labelling regulations are in cold storage for the second time this year.Plans for new food labelling regulations are in cold storage for the second time this year. “We are postponing implementation of the new food labelling regulations until January 1st,” said Chief Food and Drugs Inspector, Ministry of Health, S.Nagiah. The […]
Clean Cut
The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. Ex-Chairman Michael L Mack got […]