Category: Other
Back in Fashion
When it comes to company law whats good for the Brits doesnt automatically become good enough for Sri Lanka endash unless UK legislators adopt it first.Lawmakers assigned to redraft the new Companies Act could be left waiting until Britain adopts a new law based on the Canadian Model.rn rnSri Lankas 55-year-old Companies Act, another colonial […]
Small Change
The state is looking at absorbing up to about 25 percent or as much as half the cost of laying rain guards for rubber trees on smallholder estates this year.rn rnLaying the plastic skirt-like rain guards over the areas to be tapped protects it in heavy rainfall areas like the Ratnapura and the Kalutara districts.rn […]
Think Differently
The Premier told a top gathering of planters on Tuesday that the time had come to take over as managers of a value added industry, or lose out to more efficient agro-businesses that would be the industry of the future. “When you say that your contribution to the economy has fallen, it is true because […]
Chicken Safe
Lunchtime at KFC outlets is not as rushed as it used to be a few weeks ago these days. People are staying away from poultry based products due to the bird flu that has sent goose bumps across Asia killing 19 of the 25 infected people in Thailand and Vietnam.rn rnThe worldwide scare has got […]
Old is Gold
He expected to face losses during the first year of business but managed to breakeven way before he thought he could. Hes now employing two others in his business too.rn rnAll pensioners dont set up in profitable business with their money like Mr. Thilakaratna did.rn rnMany use their retirement benefit money to give children in […]
Government Power
The government is taking precautionary measures to avert power cuts should the south west monsoon fails to fill the hydro reservoirs.rnThe Energy Supply Committee has already called for Expressions of Interest from emergency power suppliers to shore up the underpowered national grid.rnAny emergency power will cost the CEB much more than the current average selling […]
New Floors
Lanka Tiles is trying to break a lquote lowering-revenue-increasing-cost cycle this year by shifting its raw material supply base from West to East and increasing production capacity.Lanka Tiles Ltd (LTL) is Sri Lankas pioneer floor tile producer, manufacturing ceramic glazed floor tiles as its core business and holds 30 percent of the local market.rn rnLast […]
Speed Bumps
But the industry is hard pressed to ride the crest, due to high costs to roll out refurbishment and expansion plans, as it is still recovering from a period of non-profitability.rn rnDespite political hiccups, the ongoing ceasefire agreement saw 500,642 tourists visit the island in 2003, spending over US$ 300 mn in the process.rn rnBoom […]
Long Shot
Development bank DFCC, is counting on its subsidiary Commercial Banks Bangladesh operations to give its bottomline a major boost.Thanks to its Bangladesh unit, Commercial Bank is expected to contribute Rs.539 mn towards DFCCs earnings, pushing its bottomline up by 10.3 percent to Rs. 1.2 bn for the 2004 financial year, says HNB Stockbrokers.rn rnIn the […]
Fresh Cuppa
The Tea Association plans to re-haul criteria used to fund new Ceylon tea brands, when it takes over some of the Tea Boards functions this month.Every year, the Tea Board doles out a quantum of money to exporters keen on establishing a brand and who meet the selected criteria. “For example, the Tea Board evaluates […]
Forward March
John Keells Holdings is expected to notch a Rs. 1.69 bn net profit for 2004, after undergoing a restructuring exercise to improve its margins.The diversified conglomerate, has just finished a restructuring study by the Boston Consultancy Group, which has highlighted areas to exploit greater synergies and improve operating margins.rn rnFollowing the intense lquote inward looking […]
Budget Blues
Sri Lanka has 216 state owned enterprises and fiscal transfers to these in 2001 amounted to a whopping US$ 446 million-about 3% of the islands GDP.Transfers to public corporations totaled US$ 43 million while statutory boards gobbled up US$ 244 million. rn rnWorld Bank says the problem is that these state enterprises are not held […]