Category: Other
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 […]
Natural Money
Most of the untapped tourism potential in the country doesn’t lie along the pristine coastline anymore but off the beaten track. Most of the untapped tourism potential in the country doesn’t lie along the pristine coastline anymore but off the beaten track. The leisure sector is trying to attract high spending travelers who are keen […]
Traffic Report
Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women trafficking under a decade old law.Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women […]
Extreme weather continue to beat at high and mid grown tea production
Extreme weather conditions continue to beat at high and mid grown tea production, with the sectors output dropping 10.27 percent since August 2003. Extreme weather conditions continue to beat at high and mid grown tea production, with the sectors output dropping 10.27 percent since August 2003. Asia Siyaka Commodity Brokers reported that the high and […]
Additional one rupee cess on made teas to fund replanting in estates
A draft Cabinet paper to allow the Tea Board to slap on an additional one rupee cess on made teas will be presented to policy makers shortly.A draft Cabinet paper to allow the Tea Board to slap on an additional one rupee cess on made teas will be presented to policy makers shortly. The additional […]
Making A Difference
Adding diversity to the work place is something management trainers promote for creative problem solving.Adding diversity to the work place is something management trainers promote for creative problem solving. An NGO and the Employers Federation of Ceylon are now working to introduce companies to differently-abled people who they say can help create a vibrant work […]
Retarded by Red Tape
South Asian countries had made little progress last year to improve their investment climate there by missing out on growth opportunities, according to a recent World Bank study.South Asian countries had made little progress last year to improve their investment climate there by missing out on growth opportunities, according to a recent World Bank study. […]