The Sunday Times Sri Lanka

Financial Times

LMSL owes Rs 1.5 bln in taxes-Inland Revenue

Lanka Marine Services Ltd (LMSL), which had an effective monopoly for bunkering in the Colombo Port, owes taxes amounting to Rs. 1,526,416,949 (Rs 1.5 billion) from the financial year 2002/2003 onwards to the Inland Revenue Department (IRD) – a payment that must be made in line with a Supreme Court ruling.

Hunter's director resigns, CSE yet to be informed

Shareholders at Hunter and Company (Hunter's), under scrutiny over issues raised on disclosures, on Friday were informed that A.S. Jayawardene had resigned from the board of directors, just a month after being appointed.

Other Financial Times Articles

	New IC likely before October
	New rules, regulations for Development Lotteries Board
	LMSL to run floating storage facility
	LMSL - Preparing to vacate
	Acting on SC decisions - Comment
	Promoting tourism in South Asia
	MTD to bid for toll roads in Colombo city
	SriLankan Airlines takes measures to cut fuel usage
	SLT Mobitel tie up with Arpico
	Vallibel – most traded stock in Colombo bourse last month-report
	FCCISL urges creation of Eastern Development Bank to spur development
	Inflation falls in August
	Inclusive marketing the way forward - Dr Hans Wijayasuriya
	Brandix achieves world first in eco-friendly manufacture
	IESL annual lecture to mark late Eng. D J Wimalasurendra birth anniversary
	Singer to raise Rs 300 million
	Sri Lanka’s Milinda speaks at Asia Business Forum Conference
	Sri Lanka, Myanmar help each other - Minister
	RAM affirms ratings of LB Finance
	PR key to create good first impressions
	Sri Lanka lures Indian IT SMEs to escape rising costs
	SEC urged to abandon archaic stock rules
	RAM Ratings reaffirms Alliance Finance ratings
	FR petition against oil exploration bid in court tomorrow
	New book on mediation in the workplace
	Stassen’s Chairman Vittachi passes away
	Inflation futures is a possibility – SEC Consultant
	Somes retires from SJMS Associates
	Sri Lanka Pharmaceuticals chamber involved in self regulation
	SLT expands fibre-to-the-building project to the regions
	PBJ disqualified from holding office –Supreme Court
	Selective respect for the judiciary - Letter
	AkzoNobel marks Sri Lanka presence with ICI acquisition
	LMSL worker compensation package being worked out
	LMSL respondent talks of attempts to implicate him in deal
	Lanka's mobile penetration to reach 50% by end 2008
	MillenniumIT increases presence in Africa through stock exchange automation in Botswana and Zambia
	Drawing the ‘ultra-rich’ tourist to Kalpitiya
	Western Province tops Lankan Prosperity Index
	Elephant dung entrepreneur at Biz Club
	Mobitel joins Colombo University in M-learning initiative
	Business brief
	Oxfam, FCCISL in new CSR initiative for sustainable development
	Bank of Ceylon loans to state sector still high at 42% of total portfolio
	World Bank suggests extending service of country’s ageing workforce