Category: Other
Whats Brewing?
Local tea exporters are eying a 4 million to 6 million kilo order from Iraq under the current World Food Programme (WFP) that is supplying the war impoverished Middle East nation since the US led attracts ended last year.Sri Lanka won a sizable 8 million kilos tender under the previous programme, but is still to […]
Steady Growth
Hayleys will delve deep into its traditional operations to increase profits in 2004-05 while pegging growth prospects on agriculture and transportation. The transport sector is earmarked as a key area of growth for the Hayleys Group with growth estimates of between 20 percent and 25 percent during the year.rn rnExpansion into shipping and the recent […]
Labours Love Lost
Free trade zone employees, at the end of the supply chain are under increasing pressure to keep costs down as retailers and brand owners offload costs and risks to the supply chain. Governments competing to attract investment and boost exports according to the report is putting further pressure on workers at the bottom of the […]
Political Pickle
No significant change in the percentage votes polled by the parties from the 2001 general elections is expected in the districts of Kandy and Matale because the JVP support is not seen to have grown in these two districts.rn rnNuwara Eliya too is not expected to bring any surprise changes because of the Hindu majority […]
Mushroom Magic
The centuries-old therapeutic magic of the Ganoderma mushroom, ranked by the ancients of China and Japan as the king of some 38,000 varieties of mushroom found on the planet, will soon be just a sip away for Sri Lankans. A local company, Magnum Investments (Pvt) Ltd., sole authorised stockist for Malaysias DXN Marketing Sdn. Bhd., […]
New Dentures
The government says it has put out a fresh draft, which gives the Auditor Generals Dept., more teeth to flex its muscle.An independent Audit Commission on the lines of other government commissions is expected to ensure autonomy of the Auditor General, says V Kanagasabapathy, Director General of Public Enterprises. rn rnldblquote The present situation is […]
Getting Cold
The refuse tea export, though illegal, has become the latest threat facing the tea industry, adding to other global pressure. The export demand for fiber and stalk from the tea plant called refuse tea has spawned a whole industry undermining the image and the quality of the brand – Pure Ceylon Tea. The centuries old tea […]
Not Done
President Chandrika Kumaratunga has made a fresh attempt to overturn tax amnesty extension given by the government last year.In a petition to the Court of Appeal through her Additional Secretary, Chitra Athurugiriya, she says the amnesty should not be given to lawbreakers like arms dealers, fraudsters, contract killers, drug peddlers, smugglers, bootleggers etc.rn rnThe amnesty […]
Chinese Tiger
A new report from the US International Trade Commission predicts that China will become the supplier of choice for most US importers after quotas end in 2005. rnrn But while many countries share of the USrnmarket is likely to decline, for some there will be new opportunities to takernadvantage of geographic proximity or product niches. […]
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 […]