Category:
Additional one rupee cess on made teas to fund replanting in estates
A draft Cabinet paper to allow the Tea Board to slap on an additional one rupee cess on made teas will be presented to policy makers shortly.A draft Cabinet paper to allow the Tea Board to slap on an additional one rupee cess on made teas will be presented to policy makers shortly. The additional […]
Biz Extensions
John Keells Holdings (JKH) could enter the Business Process Outsourcing (BPO) industry, leveraging its competencies in financial and information management and project implementation.JKH just deployed the mySAP ERP solution, an enterprise resource planning module that has under a first phase project, integrated the financial information and business intelligence of some 70 business units within the […]
Keep Guessing
Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise.Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise. The Public Utilities Commission (PUC) says it was not consulted on the […]
Changing Tide
Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow.Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow. Jayasundara told […]
We admit…
Government gave strong indication that prices of diesel will go up soon saying Sri Lanka can’t afford the current “subsidy binge”.Government gave strong indication that prices of diesel will go up soon saying Sri Lanka can’t afford the current “subsidy binge”. The Finance Minister also said plans to get a third player for down stream […]
Defining Boundaries
The Securities and Exchange Commission (SEC) and the national accounting body ICASL will introduce a new governance code for listed companies with some mandatory provisions.The Securities and Exchange Commission (SEC) and the national accounting body ICASL will introduce a new governance code for listed companies with some mandatory provisions. A co-chair of the ICASL and […]
Hurt retired
Hayleys AIG insurance says an expression by Ceylinco Insurance to acquire its life business has been passed down to its shareholders; the AIG group and local conglomerate Hayleys.Hayleys AIG insurance says an expression by Ceylinco Insurance to acquire its life business has been passed down to its shareholders; the AIG group and local conglomerate Hayleys. […]
Hotel stocks rallied at the Colombo Stock Exchange, which closed up two percent for the week
Hotel stocks rallied at the Colombo Stock Exchange, which closed up two percent for the week. Hotel stocks rallied at the Colombo Stock Exchange, which closed up two percent for the week. Brokers say there is high investor interest in hospitality sector stocks due to increasing tourist arrivals and higher spending by visitors. They say […]
Making A Difference
Adding diversity to the work place is something management trainers promote for creative problem solving.Adding diversity to the work place is something management trainers promote for creative problem solving. An NGO and the Employers Federation of Ceylon are now working to introduce companies to differently-abled people who they say can help create a vibrant work […]
Retarded by Red Tape
South Asian countries had made little progress last year to improve their investment climate there by missing out on growth opportunities, according to a recent World Bank study.South Asian countries had made little progress last year to improve their investment climate there by missing out on growth opportunities, according to a recent World Bank study. […]
Bird’s View
Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks.Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks. Under the new terms, the UAE has allowed 45 passenger frequencies per week to […]
‘s View
Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks.Sri Lanka has been given extra landing rights to Lebanon and the United Arab Emirates, under the recently concluded bilateral talks. Under the new terms, the UAE has allowed 45 passenger frequencies per week to […]