Category:
The Challenge
A top business leader questioned the way auditors form their opinions in making “going concern” decisions about companies.A top business leader questioned the way auditors form their opinions in making “going concern” decisions about companies. Addressing professional accountants at the Silver Jubilee celebrations of the Institute of Chartered Accountants, Chandra Jayaratne, Managing Director, Eagle Insurance […]
Jail Vacation
When a beach boy reaches the age of 14 he is already too old: foreign sex tourists are now being offered even younger children in this palm-fringed sandy-beached Sri Lankan paradise.When a beach boy reaches the age of 14 he is already too old: foreign sex tourists are now being offered even younger children in […]
Norway set to launch a new bid to save Sri Lanka peace process
Norway will this week launch yet another bid to save Sri Lanka’s tottering peace process amid fears for the Oslo-brokered ceasefire that went into effect in 2002 after three decades of ethnic bloodshed.Norway will this week launch yet another bid to save Sri Lanka’s tottering peace process amid fears for the Oslo-brokered ceasefire that went […]
Buddhist monk pleads for the release of Sri Lankan hostage
Sri Lanka’s influential Buddhist clergy Sunday appealed for the release of a truck driver taken hostage in Iraq, saying the island traditionally has had friendly ties with Baghdad.Sri Lanka’s influential Buddhist clergy Sunday appealed for the release of a truck driver taken hostage in Iraq, saying the island traditionally has had friendly ties with Baghdad. […]
Cold Thoughts
Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn loss for the first nine months this year.Shell Gas says cylinder prices could spiral to Rs. 1020 levels by December, come winter, an accumulated price squeeze and a US$ 180 mn […]
Travelling Light
Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. Picked up for less than a dollar, the region’s first budget carrier AirAsia, skirts around bilateral Air Service Agreements, as it expands no-frills in the region. In that deal […]
Precision Cut
Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street.Separate family from business for a family business to grow into big business, says Hemas Chief Husein Esufally describing the conglomerate’s journey from Bristol Street to Wall Street. […]
Extended Orders
The Court of Appeal has extended an interim order, barring the Securities & Exchange Commission (SEC) from relieving the Director General of his duties. The Court of Appeal has extended an interim order, barring the Securities & Exchange Commission (SEC) from relieving the Director General of his duties. The Director General, Palitha de Silva Gunawardene […]
Make or Break
Pramuka’s liquidation process took another twist on Thu. when Court asked monetary authorities to make a ‘honest’ attempt to revive the bank. Pramuka’s liquidation process took another twist on Thu. when Court asked monetary authorities to make a ‘honest’ attempt to revive the bank. Justice P Wijeratne said that there is no point in liquidating […]
Fake Fishing
Intellectual Property Rights (IPR) have got stronger but counterfeits are pouring into Sri Lanka because rights holders don’t take action, say the experts.Intellectual Property Rights (IPR) have got stronger but counterfeits are pouring into Sri Lanka because rights holders don’t take action, say the experts. “Our Intellectual Property laws are on par with those of […]
Ugly Story
Last month a 40-year-old, wealthy planter was put away for 48 years for repeatedly raping his own children. Last month a 40-year-old, wealthy planter was put away for 48 years for repeatedly raping his own children. “This is the highest jail sentence awarded in the world against child sexual abuse,” says Maureen Seneviratne, Chairperson, Protecting […]
Peace Money
Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building.Japan will provide around US$ 250 million to Sri Lanka, the first under a new preferential aid scheme for peace building. On its part, the Sri Lankan government would have to maintain consistency in its […]