Category: Other
Make or Break
Pramuka’s liquidation process took another twist on Thu. when Court asked monetary authorities to make a ‘honest’ attempt to revive the bank. Pramuka’s liquidation process took another twist on Thu. when Court asked monetary authorities to make a ‘honest’ attempt to revive the bank. Justice P Wijeratne said that there is no point in liquidating […]
Extended Orders
The Court of Appeal has extended an interim order, barring the Securities & Exchange Commission (SEC) from relieving the Director General of his duties. The Court of Appeal has extended an interim order, barring the Securities & Exchange Commission (SEC) from relieving the Director General of his duties. The Director General, Palitha de Silva Gunawardene […]
Ugly Story
Last month a 40-year-old, wealthy planter was put away for 48 years for repeatedly raping his own children. Last month a 40-year-old, wealthy planter was put away for 48 years for repeatedly raping his own children. “This is the highest jail sentence awarded in the world against child sexual abuse,” says Maureen Seneviratne, Chairperson, Protecting […]
Fake Fishing
Intellectual Property Rights (IPR) have got stronger but counterfeits are pouring into Sri Lanka because rights holders don’t take action, say the experts.Intellectual Property Rights (IPR) have got stronger but counterfeits are pouring into Sri Lanka because rights holders don’t take action, say the experts. “Our Intellectual Property laws are on par with those of […]
A rubber replanting subsidy for all cultivators is doubled to Rs. 100,000 a hectare.
All rubber cultivators, from smallholders to plantation companies can get a Rs.100,000 subsidy per hectare for replanting, from a recently set up rubber cess fund. All rubber cultivators, from smallholders to plantation companies can get a Rs.100,000 subsidy per hectare for replanting, from a recently set up rubber cess fund. A Rs. 49,000 per hectare […]
Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake
Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake, brokers said. Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake, brokers said. The strategic parcel of 1.1 mn or just under eight percent shares was […]
Mine Ban
The Landmine Ban Advocacy Forum welcomed participation of LTTE combatants at a global anti-landmine summit, adding that compliance could increase donor aid for landmine action. The Landmine Ban Advocacy Forum welcomed participation of LTTE combatants at a global anti-landmine summit, adding that compliance could increase donor aid for landmine action. Geneva Call, an international humanitarian […]
Policy Defence
Sri Lanka’s top donors are waiting for the government to come up with a credible budget in November before talking about an economic programme to resume stalled programme loans to the country. Sri Lanka’s top donors are waiting for the government to come up with a credible budget in November before talking about an economic […]
Who Cares?
Private sector doesn’t pay enough attention to their customers according to findings of a study by two local NGO’s. The study says private sector gets customer feedback but is slow to act on it and improve the quality of products and services.Government organizations were also criticized for paying little attention to quality of service due […]
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 […]
Between Lines
Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday.Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday. Stockbrokers LOLC Securities have […]
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 […]