Ranil don't fight - pleads industry chamber
National Chamber of Industries says it is concerned about reports
in the media of a crisis in cohabitation between the president and
the government and reiterates that it was the people who chose this
form of administration via cohabitation.
Asoka de Z. Gunasekera, says in a letter to President Chandrika
Kumaratunga copied to Prime Minister Ranil Wickre-mesinghe, that
the current crisis if true would lead to instability and impose
further strains on a crisis-hit economy.
in the stock market in recent days is a reflection of possible instability.
Another election will cost an enormous amount of money and the period
of uncertainty that will prevail will have dire consequences for
the economy and the peace process," he said, reflecting the
unanimous view by the business community as seen by the Sunday Times
Business poll last week.
at the last election voted for a UNF government so that the UNF
and the PA could cohabit and co-operate for the common good."
acknowledged that the peace process was first initiated by the president
and taken forward by the premier with "great sincerity and
enthusiasm and the world appears to be watching and backing the
process of peace which will lead to ethnic harmony".
believe that it is time our leaders get their priorities right and
focus on the key issues of law and order, peace and prosperity which
is the only way forward for our nation," he said.
weekly flights from Oman Air
Oman Air has announced two new direct flights a week between
Colombo and Muscat, raising their frequency to four weekly flights.
routes will enable us to offer our passengers the convenience of
flying direct to Colombo with two flights per week," said Abdulrahman
Al-Busaidy, the airline's chief executive officer.
Oman Air also
offers twice-weekly flights with its code share partner SriLankan
services to industry
The Atomic Energy Authority (AEA) has been able to significantly
increase its earnings and achieve greater economic self-reliance
by starting scientific programmes to provide services to industrial
and commercial sectors.
The new programmes
were made possible by the support of the International Atomic Energy
Agency of the United Nations, it said.
completes 15,000 lease agreements
MBSL, the pioneer merchant bank in Sri Lanka, has notched
another landmark in the competitive leasing industry in Sri Lanka
by completing its 15,000th lease agreement.
was MBSL's 15,000th customer after obtaining a facility from the
company and was felicitated for this purpose, a company statement
said. The flexibility of MBSL to structure lease facilities to match
the needs of its clients and in accordance with the cash flow patterns
of the customer gave MBSL the winning edge in this competitive industry.
policy on customer relationship is to offer mutually beneficial
solutions to its customers. Prior to taking any stringent action
when clients default, MBSL always negotiates with the objective
of rehabilitating its customers. MBSL's customers are appreciative
of MBSL's caring attitude in times of their difficulties,"
the statement added.
Bangladesh Business Council launched
The Sri Lanka Bangladesh Business Council (SLBBC), operating
under the aegis of the Federation of Chamber of Commerce and Industry
of Sri Lanka (FCCISL), was recently formed to improve trade and
investment between the two countries and to focus members towards
business prospects with Bangladesh.
The SLBBC will
help its members to establish business contacts in Bangladesh, be
a member of business delegations to Bangladesh, participate at trade
fairs, exhibitions, seminars and workshops, build and strengthen
trade/investment partnerships with business counterparts in Bangladesh,
and be recommended for visa facilities to travel to Bangladesh.
launches direct flour distribution scheme
Ceylon Ltd (PCL) has launched its direct flour distribution scheme
as an additional service to its customers, after the government
recently liberalised the distribution of wheat flour.
direct flour distribution scheme will be deployed mainly for long
distance destinations, where it would be most cost-effective, "
said Primus Cheng, PCL chairman and CEO.
He said such
low costs would be passed on to the consumers, with the result that
retail prices of flour in various parts of the country would be
PCL will deploy
25 brand new prime movers fitted with container trailers, with an
investment of Rs. 220 million for this purpose. The prime movers
are the latest state of the art models from Mercedes Benz in Germany,
while the trailers have been manufactured by Dutch Lanka Trailers
Ltd and the containers were sourced locally.
said that careful selection was made to ensure that drivers to be
recruited would take care of the prime movers whilst there is an
incentive of future ownership as well. In addition to being technologically
advanced for a smoother and safer drive, these vehicles also have
a bed in an air-conditioned cabin, so that the drivers and co-drivers
can rest comfortably in turn, to ensure safe journeys especially
on long trips, a statement said.
cum owner-operator scheme will encourage individual entrepreneurship,
which will in turn raise transportation productivity. PCL operates
this scheme on a non-profit basis, it added.
flour transportation scheme is yet another contribution to the industry
by Prima, which in 1977 became one of the largest private foreign
investments ($ 51 million) to be made in Sri Lanka.
Last year PCL
invested a further $ 65 million (paid to the government) to convert
its operations from a Build, Own and Transfer (BOT) to Build, Own
and Operate (BOO), the statement said.
packing material could lower food prices
Poly Films Ceylon Ltd, a packaging material manufacturing
company, has come up with a novel concept to use low cost packaging
material, known as a 'metalised' foil to pack essential goods.
Director Lakshman de Fonseka said that seven rupees could be saved
per pack if metalised foil is used as an alternative to aluminium
that if metalised foil were used for packing milk food a cardboard
pack would not be necessary. This would save five rupees, being
the cost of the cardboard pack. The metalised foil itself costs
two rupees less than the aluminium foil.
way we are able to sell a pack at two rupees thus saving seven rupees,"
that the prices of essential goods such as milk powder could be
reduced with this packaging material. The company plans to arrange
a presentation for the Trade and Consumer Affairs Minister Ravi
was established in 1987 with an investment of three million rupees.
It spent Rs. 100 million on an expansion programme in 1994.
With 175 employees,
using imported raw materials and advanced technology, the company
has built a clientele whose products range from food items such
as tea, coffee, spices and flavoured products, rice, confectionery,
frozen food, and milk, to chemicals, fertilisers and pharmaceuticals.
MF mark golden jubilee
Brown and Company and Massey Ferguson mark 50 years of service
to agriculture in the island this year.
Brown and Company
helped introduce mechanisation into agriculture with the launch
of the Ferguson TE-20 tractor. Since then more than 22,000 Ferguson
tractors have been sold here.
is used in paddy cultivation, tea, rubber and coconut plantations
and in forestry, fisheries and the construction industry.