Category: Other
State Secrets
Armed with a restraining order against a hydro project on forestland, environmental lobbies say secretive state procedures are keeping the public from getting involved.Armed with a restraining order against a hydro project on forestland, environmental lobbies say secretive state procedures are keeping the public from getting involved. The Court of Appeal on Tuesday extended an […]
Back to Barracks
Police discipline in Sri Lanka is to go back to the lap of the National Police Commission (NPC) as police behavior shows no hint of improvement under the Inspector General of Police.Police discipline in Sri Lanka is to go back to the lap of the National Police Commission (NPC) as police behavior shows no hint […]
Free Money
Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled out on Wednesday. Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled […]
New cuppa for kings makes the cup overflow for Sri Lanka tea maker
Inspired by a French perfumer and egged on by an English aficionado, a Sri Lankan master tea maker has revived a centuries-old Chinese tradition to make a brew that few but an emperor could afford.Inspired by a French perfumer and egged on by an English aficionado, a Sri Lankan master tea maker has revived a […]
Looking Below
Increasing competition in goods and services is requiring advertising campaigns to create bigger impacts on consumer choices.Increasing competition in goods and services is requiring advertising campaigns to create bigger impacts on consumer choices. Apart from traditional mass media advertising, companies are now showing interest in below the line activities. Advertisers are also keen to create […]
Lifting The Veil
The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank. The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank. The bank suspended Pramuka’s licence two years ago, for alleged frauds and mounting […]
Rubber tappers wages head North on boom in market prices
Workers in Sri Lanka’s rubber sector are tapping the benefits of the current price boom as a result of a Price Share Supplement (PSS) introduced in January this year in the wake of an agreement between unions and plantation management companies. Workers in Sri Lanka’s rubber sector are tapping the benefits of the current price […]
Oven Fresh
Ceylon Biscuits will expand into a bakery line in a month, even as it makes inroads with Munchee into India, dusts off old plans to go public and seriously considers real estate.Ceylon Biscuits will expand into a bakery line in a month, even as it makes inroads with Munchee into India, dusts off old plans […]
Copper Fields
Processing copper scrap for export to India is big business here in Sri Lanka. Processing copper scrap for export to India is big business here in Sri Lanka. Half a dozen companies, with Indian investment, import copper scrap, melts them and reshapes them in to bars for re-export to India where it’s used as raw […]
Oiling The Palm
Government has subsidized fuel by almost Rs.6 billion in the first 7 months of this year with the highest subsidy coming in July of Rs.1.2 billion. Government has subsidized fuel by almost Rs. 6 billion in the first 7 months of this year with the highest subsidy coming in July of Rs. 1.2 billion. Continuing […]
VIP Trouble
Central Bank officials say they will prosecute directors of the failed Pramuka Savings and Development Bank (PSDB) which is being liquidated by the regulator.Central Bank officials say they will prosecute directors of the failed Pramuka Savings and Development Bank (PSDB) which is being liquidated by the regulator. The Attorney Generals department is currently examining provisions […]
Gold Mine
The Land & Property sectors has been a top favourite of local punters, but stockbrokers LOLC Securities says investors should take a closer look at the valuation of these shares. The Land & Property sectors has been a top favourite of local punters, but stockbrokers LOLC Securities says investors should take a closer look at […]