Category: Other
Victory Circle
Wasted are those sleepless nights, the effort, passion and pain invested. Lost forever. Gone to their final resting place. I shall avenge this death. I will not rest. No pain or suffering will hold me back. For next year I will be back for my SLIM Award. It all ended with the award for agency […]
BDS for SMIs
Experts say quality business development services like training and consultancy could change the way business is done in the island.rn rnldblquote There are many instances in the country where small people were given money but the project they embarked upon became failures because didnt have the know how. It is the expertise that will come […]
Destination Confusion
The government is making plans to capitalise on the upturn in tourism fortunes in the country. A new law is in the pipeline that would see the hands-on involvement of the tourism industry in planning and rolling out a marketing campaign for the country.rn rnThe industry is expecting a record half a million visitors this […]
Buy Laws
Professional services are in the firing line as everyone, from your doctor, to your lawyer to your stockbroker get roped in under a lquote one size fits all Consumer Affairs Authority Act.The new Act in effect is the old Consumer Protection Act, the Control of Prices Act and the Fair Trading Commission Act all rolled […]
New Line Up
Taking a leaf from developed markets, Central Bank is launching its open market operations for the overnight money market next Monday.Open market operations gives the Central Bank more control over the overnight market.rn rnThe bank controls market activity by influencing the short-term rates at which banks borrow or lend depending on whether they have a […]
Tea Party
Key stakeholders in the tea industry got together last week to form a pan industry apex body. The tea association of Sri Lanka plans to provide a singe point of view from the industry to policy makers in the future.” Before this association came whenever a problem arose we had to speak to several associations […]
Home Grown
An Increasing number of software companies are now developing and marketing software aimed entirely at the local market.Earlier they were trying making inroads to the international market. But making it big internationally hasnt been easy especially in a market recovering from an IT slump.rn rnThey mostly target first time buyers of computer software with packages […]
Out Of Order
Lawyers for Pramuka depositors told court Friday that the monetary board had no authority to liquidate Pramuka Bank.Depositors argued that the Monetary Board ceased to exist after certain amendments were made to the Monetary Law Act.rn rnThe depositors legal counsel argued that according to the changes, a five member monetary board had to be appointed […]
Cup That Cheers
New apex body for the tea industry, the Tea Association of Sri Lanka (TASL) officially got off ground Tuesday, mapping out plans to set the industry standard for tea. The TASL will steer through all strategy and policy development for the sector acting also as a catalyst for product development and research Through promotion and […]
Short Crop
A collective decision by private tea factory owners to cut Rs.2 on the price for green leaf paid to smallholders, has prompted a threat of legal action.” The move by the factory owners is completely irregular and unlawful.It is illegal to pay less than the price determined by the reasonable price formula and if there […]
Fast Cash
Gold still remains one of the safest investments. But with international gold prices shooting up, it has helped spawn a whole industry based on gold as collateral.Gold prices in the international market spiked up over the last few months with investors seeking refuge in the priced commodity as a war in the Gulf looked imminent.rn […]
Creeping Up
Prices for crepe rubber have reached record levels as oil prices spiral, touching Rs. 129 a kilo at this weeks auction, a high since 1995. This is up from crepe prices of Rs.102 in Dec 2002. Crepe rubber is used as a substitute for synthetic rubber, which uses petroleum products. An agreement to cut output […]