Category: Other
Cleaner Alternatives
Natural gas, a fossil fuel sold on its environmental friendliness, is available in large quantities and burns cleanly. Its problem is often its distance from the market, so that gas-processing technology is dominated by the need to prepare it for long distance transportation, either in pipelines or by ship as a liquid.rn rnOnce pumped out […]
Pyramid Promise
Finance Ministry says it will try to expedite anti-pyramiding legislation drafted by the Central Bank, through parliament.Finance Ministry says it will try to expedite anti-pyramiding legislation drafted by the Central Bank, through parliament. “I am looking at the draft legislation and will take some action soon,” Finance Minister Sarath Amunugama told The Sunday Times FT […]
New Probe
Customs is investigating how GoldQuest Tracking Centre Owners (TCOs), who popularise the scheme, paid only Rs. 3,000 in taxes and duty for the Rs.80,000 plus priced gold coins purchased from the companys website.rn rnThe inquiry has found that some consignments were cleared on an endorsement from the Department of Import and Export Control.rn rnPreviously, a […]
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 […]