ISSN: 1391 - 0531
Sunday, December 03, 2006
Vol. 41 - No 27
 
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Financial Times

CB stole my idea – Upul  
By Feizal Samath
The Central Bank and its governor are being accused of stealing a well-developed idea from a Canadian-based Sri Lankan commodity specialist on hedging options against rising oil prices, and offering it as their ‘own’ proposal.
 
Harry sacks Vittachi; DCSL heads tipsily
By Duruthu Edirimuni

Hardnosed business mogul, Harry Jayawardene, wielding his authority arbitrarily got rid of V.P. Vittachi from his position as Chairman Distilleries Company of Sri Lanka (DCSL) on Thursday at the company’s annual general meeting possibly triggering a flare-up in his empire, with an angry trinity who were his former partners.

 
Delays cripple overseas investments by local insurance firms
The insurance industry is raising concerns about the delay in pushing necessary regulations through to let them invest abroad despite the Insurance Board of Sri Lanka (IBSL) having talks with the Central Bank to liberalise the directives.
 
Revelling in controversy
Does business tycoon Harry Jayawardene, easily the most powerful businessman in Sri Lanka – a mantle once enjoyed by the late Upali Wijewardene -, revel in controversy?
 
Tough import rules from Jan 1
By Maheshi Anandasiri
A virtually impossible directive to follow issued by the Consumer Affairs Authority (CAA) demanding that all imported packed goods must be price marked at the ‘entry point’ is set to come into effect from January 1.
 
ComBank soon in Australia, Canada
   
Upali Dharmadasa not charged
   
GM food restrictions from January 1
   
Promoting Sri Lanka as a wildlife destination
 
Australian firm to conduct EI research, programmes
 
Standard Chartered structures Sri Lanka’s first rupee option
 
France warns nationals against Lanka visits
   
Tobacco, alcohol laws now in force
   
CSE’s successful Fund Managers Conference in Singapore
   
Canada wants Lankan ban on imported beef products lifted
   
Sri Lankan expatriate says cheated out of initiative to help the country
 
New laws to help ailing garment factories recover
 
Amana lists on the CSE
 
Signal sponsors Commonwealth Dental Conference in Sri Lanka
 
HNB Assurance to introduce a new investment – insurance product
SMB debenture issue fully subscribed
 
Failed initiatives in synergies among state banks
 
Bengal Tiger Line celebrates 20 years
 
Jagro strawberries making waves
 
Dialog buys two Sri Lankan firms - CBN SAT
 
Taking Sri Lankan coconuts to the world
 
Shortage of nurses? Train at new Hemas Nurses School
 
Business isn’t all about Money, Honey
 
Deemed dividend madness
 
Filipina housemaids wages to double
 
Confusion on interest on WHT - letter
   
Look at my balance sheets: ‘King Harry’
   
Mahinda’s Budget not realistic at all?
   
Apollo posts heavy loss for six months
   
Jayawardene makes an appearance
   
“Harry J threatened to shoot me” – Vittachi
   
GoldQuest founder has demi-god status
   
as
India, Sri Lanka can serve as powerful examples - US Ambassador
   
q
Dedicated port for US exports
   
v
Cornucopia launches Executive Search Services
   
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The public's right to know
   
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Ceylinco Takaful Ltd newest entrant to insurance business
   
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Concerns: Going… Going… Gone?

Copyright 2006 Wijeya Newspapers Ltd.Colombo. Sri Lanka.