Financial Times

SC acts against Minister Fowzie and De Mel

As the crisis over the controversial oil hedging grew, the Supreme Court on Friday asked that Minister of Petroleum Resources A.H.M. Fowzie be stripped of his portfolio and for President Mahinda Rajapaksa to take over the ministry and consider appointing another minister. The court also ordered the immediate suspension of Asantha de Mel, chairman of Ceylon Petroleum Corporation (CPC) and for the Treasury Secretary to act as the Chairman. The case will resume on December 10.

 
New security card products from Lake House Printers
Asia Pacific Cards & Systems Sdn Bhd (APCS) of Malaysia has entered the Sri Lankan market with Lake House Printers Ltd (LHPL) to market top of the line, cutting edge, high secured, cost effective smart and banking cards to the local market.Managing Director, LHPL, Sujan Wijewardena, told the media that LHPL was glad to be associated with APCS, the single largest and only EMV-certified card manufacturing company in Malaysia. "This smart card technology is unique and should be used very smartly to improve efficiency and productivity.
 
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