Category: Other
Cash Is King
Given the recent yo-yo mood swings in the equities market, stockbrokers Asia Securities says punters should now focus on a companys cash reserves as a litmus test before investing.The market is presently highly volatile, low priced endash in absolute terms endash shares, with at times questionable earnings quality and balance sheet strength, and in view […]
Etched in Stone
Houses stuck together like a long stretch of sliced sandwich bread is a common sight in most parts of Colombo, but despite the increasing housing density in urban areas Sri Lanka lacks any standards on building them.“There is no national policy or even a set of minimum Sri Lankan standards to ensure quality when building […]
A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice.
A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice after November.A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice after November. The Agriculture Minister Anura Kumara Dissanayake told Lanka Business Online on Tuesday that the Government is […]
Stay Put
Stockbrokers Asia Securities has downgraded Asian Hotels & Properties (AHPL) to hold, based on its poor short-medium term earnings prospects and an uncertain investment climate.rnrn Asian Hotels rnlong-term growth potential critically depends on the success of its new rnapartment complex endash The Monarch endash and the ability of its new management to add rnvalue to […]
Custom Made
Sri Lanka Customs Superintendent Athula Lankadevas residence in Maharagama was given security from Monday night.Finance Minister Dr. Sarath Amunugama met top Customs and Police officials on Monday to deal with the problem of providing security to customs officers under threat.rn rnLankadeva is currently conducting a revenue fraud investigation into the import of GoldQuest gold medals […]
Parliament Quotes
The Court of Appeal issued notice on two Sri Lankan members of Parliament, the Elections Commissioner and the Secretary General of the governing party on Monday. A Writ Application filed by Sunanda Deshapriya, a Co-convenor of the Center for Monitoring Election Violence was heard on Monday.rn rnThe Appeal Court, considering the petition issued notice on […]
Tussle With Tuskers
Companies are paying more attention to the effect of their operations on stakeholders besides their owners. Although not regulated, businesses take the environment and other social concerns in to account because they think being accountable to the public is in their long-term interest.The Pelwatte sugar plantation is a popular spot for hungry elephants from the […]
Racket Busting
Treasury Secretary Dr. P B Jayasundera says the government is formulating new laws to stop international racketeers from using local financial markets to launder funds collected through illegal means.The new money laundering law would be one of the pieces of draft legislation coming under the financial sector reform cell of the newly created National Committee […]
Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb smuggling into the Islamic nation.
Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb smuggling into the Islamic nation. Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb […]
KillerQuest
Unidentified gunmen failed in a late-night quest this week, to kill the top customs official who is heading the revenue fraud investigation in the import of GoldQuest medallions.Unidentified gunmen failed in a late-night quest this week, to kill the top customs official who is heading the revenue fraud investigation in the import of GoldQuest medallions. […]
Soft Pillow
The government says it is working on US styled Chapter 11 bankruptcy laws to resuscitate ailing firms.The fresh laws will cover sole traders and partnerships, in addition to limited liability companies.rn rnUnveiling its new economic policy, the government says such laws will come under a dedicated agency to speed up the restructuring process.rn rn”Sri Lanka […]
Holy Battles
ldblquote The proposed legislation is a violation of human rights, dblquote Head of the Legal Division, Centre For Policy Alternatives (CPA), Rohan Edrisinha says. rn rnMany others warn that the Bill could lead to further communal differences in the island already divided on ethnic lines.rn rnThe CPA is just one of the civil rights organisations […]