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Sri Lanka is not so hot to do business, says a World Bank study
Sri Lanka might spend millions marketing itself as a paradise destination but a recent World Bank study finds that as a place to do business in, the island is no heaven.Sri Lanka might spend millions marketing itself as a paradise destination but a recent World Bank study finds that as a place to do business […]
Urban residents could go dry for water under a new farmer-friendly national water policy
Urban residents could go dry for water under a new farmer-friendly national water policy drafted by the Agricultural Ministry.Urban residents could go dry for water under a new farmer-friendly national water policy drafted by the Agricultural Ministry. The latest proposals give farmers priority when it comes to water use and allows water for other economic […]
Rights Reserved
Sri Lanka’s publishing industry says enough is enough and has called in Asia’s only piracy catcher, to crack down copycat publishers ripping off almost half of the island’s US$ 6 mn book market.Sri Lanka’s publishing industry says enough is enough and has called in Asia’s only piracy catcher, to crack down copycat publishers ripping off […]
Sugar Coat
Parliament Tuesday the controversial land tax bill, paving the way for foreigners to be taxed 100 percent whenever they buy properties.Parliament Tuesday the controversial land tax bill, paving the way for foreigners to be taxed 100 percent whenever they buy properties. The Tax on Transfer of Property Bill, reverts back to an earlier Act No: […]
Empty Shell
The Consumer Affairs Authority (CAA) plans to take legal action against Shell and Laugfs for prematurely increasing gas prices.The Consumer Affairs Authority (CAA) plans to take legal action against Shell and Laugfs for prematurely increasing gas prices. The CAA says the gas retailers jumped the gun on a one-month waiting period, as required by law, […]
Service Concerto
DMS Electronics Limited, on Tuesday said it would retail US based Concerto Software Inc.’s contact centre solution here. DMS Electronics Limited, on Tuesday said it would retail US based Concerto Software Inc.’s contact centre solution here. The range of contact centre products offer companies the option to offer multiple channels of communication to their clients […]
Profits Evaporated
Local gas consumption is expected to slide further following recent price hikes, but market mover, Shell, says it is still loosing millions of rupees each day. Local gas consumption is expected to slide further following recent price hikes, but market mover, Shell, says it is still loosing millions of rupees each day. Shell Gas Lanka […]
ADB lends US$ 570 mn focusing on infrastructure and rehabilitation
The ADB is planning to lend US$ 570 m to Sri Lanka over the next two years, according to a Country Strategy and Program (CSP) Update for 2005-2006 endorsed by ADB’s Board of Directors. The loan amount is based on annual commitments of US$ 90 mn from ADB’s concessional Asian Development Fund (ADF), which assists […]
HNB mopped up Rs. 200 mn worth of securitised paper from People’s Leasing Co. locking returns up to four years
Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities to feed a growing appetite for leases […]
‘s Leasing Co. locking returns up to four years
Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities to feed a growing appetite for leases […]
Tamil Tigers pay of public debt
Tamil Tigers said Monday that they were repaying part of funds raised via public to fund their Ealam struggle.Tamil Tigers said Monday that they were repaying part of funds raised via public to fund their Ealam struggle. The LTTE’s Finance Division did not disclose how much of public debt they had borrowed from people of […]
Dangerous Columns
Reporting a company’s financial performance is facing new challenges as investors demand more information about how the business is likely to perform in the future. Reporting a company’s financial performance is facing new challenges as investors demand more information about how the business is likely to perform in the future. Traditional accounting mostly looks at […]