Red Alert

Sri Lankas police and customs have been ordered to seize Buddha Bar music and bikinis with Buddha images, officials said Thursday.rnState Attorney Nihal Jayawardene asked for strict enforcement of laws that prohibit the commercial use of religious symbols and said Buddha Bar music and the bikinis would fall under the measures.rn rn His order was […]

Model Pyramid

Sri Lankans who get into pyramid schemes simply because they are lquote not illegal would find themselves in a legal vacuum with no help from the system, a top legal luminary points out.One of Sri Lankas top lawyers and a former head of the Securities and Exchange Commission, Arittha Wickremanayake says authorities should speed up […]

Illiterate Cop

Sri Lankas Supreme Court is to investigate a complaint from a man of the tiny indigenous community that police violated his rights by stopping him from using his native language, officials said Friday.Uruwarige Kekula said a police officer had threatened him with physical violence unless he spoke the islands majority Sinhalese language instead of his […]

Flash Dance

A Sri Lankan convict who joined his prisons dance troupe escaped when his jailers took him to perform at a Buddhist temple, an official said Friday.The prisoner, serving a four-year jail term for robbery, vanished when he was brought from the main prison in the central town of Kandy three days ago for the temple […]

Dressing Down

A restaurant in Sri Lanka which served a vegetable roll with a cotton dressing for a wound was fined Rs. 5,000 and warned to improve its hygiene, a press report said Friday.The magistrate in the southern town of Matara slapped the fine on the restaurant owner after a customer complained of discovering the offending dressing, […]

Tea Shop

In search of new growth for its stunted tea export industry, India is cultivating plans to set up an auction centre in Dubai.Indian Tea Association Chairman C.K. Dhanuka was quoted saying that a separate auction centre in Dubai would be a shot in the arm for the ailing tea industry, whose exports fell from 201,010 […]

Comeback

A draft Companies Act, thrown out by the former Government will be brought back to replace the 1980s piece of legislation governing businesses in Sri Lanka.Commerce and Consumer Affairs Minister Jeyaraj Fernandopulle told Lanka Business Online that plans to draw up a fresh draft was dropped by the Alliance Government.rn rnInstead the Government will move […]

Easy Game

Prasanna has just gotten himself registered with a lquote get rich quick scheme. He had to pay Rs. 3,000 to a company claiming to operate the world famous lquote Pentagono scheme.rnrn In return he has got three vouchers, which hernintends to sell to three of his friends.rn ldblquote My nephew sold me a voucher for […]

Gold Probe

Several persons who joined the referral marketing plan of the GoldQuest numismatics company, have been reportedly quizzed by the Central Bank for possible violations of Exchange Control regulations by the illegal use of credit cards.rnrn Central Banks Exchange Control Director, H ArnG Hettiarachchi confirmed that the Department was investigating creditrncardholders who made paymentsrnfor third parties […]

No Pity for Prima

Treasury officials and monopoly flour distributor Prima were in talks to obtain a promised government subsidy while regulatory pressure was put on the company to keep flour prices down.The flour subsidy is one among the many subsidies the government is keen to maintain to shield consumers from rising international market prices.rn rnBut critics say the […]

Return of the Pharaohs

Central Bank has drafted new laws to combat pyramid schemes that are mushrooming around the country.Pyramid schemes use the same structure as multi-level marketing (MLM) where one entrant is required to bring in two or more recruits by the sale of a product or a voucher.rn rnBut Sri Lanka does not yet have specific provisions […]

Price Of Politics

The cash strapped Ceylon Electricity Boards large thermal plants need urgent repairs, but the utilitys tariffs are not being revised, as politicians dillydally over its financial viability.After years of behaving like a paranoid Ostrich and sticking its head in the sand whenever an awkward question is raised, the CEB finally came out with the real […]

Page 692 of 719