The Sunday Times Financial Times 061112

ISSN: 1391 - 0531

Sunday, November 12, 2006

Vol. 41 - No 24

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Wijeya Pariganaka

Financial Times

VAT changes in Budget
Sri Lanka’s business community is widely expecting adjustments in this week’s budget to the VAT system, a move that could raise taxes, costing more to the producer and in turn to the consumer.

Livelihood development project for tsunami victims
By Sinniah Gurunathan
Tsunami affected beneficiaries in five divisional secretariat divisions-Kuchchaveli, Trincomalee Town and Gravets, Muttur, Kinniya and Eachchilampathu in Trincomalee district recently exhibited their products manufactured under the livelihood projects at the specially set-up "Market Place" held in Trincomalee Town Hall.

Strategy- Lifeline of a company or just a yawn?
For some people the word strategy is just a prehistoric relic that bears no importance in the contemporary business life. Mintzberg, Porter, Schein, Hamel – even Sun Tzu – have all dwelled on the topic of strategy for such a long time, that we don’t have to care about it anymore. For some, strategy is just a concept among the management fads.

Local banks looking at India
Sampath Bank along with other Sri Lankan banks would jointly look at India in a possible joint venture instead of venturing alone due to stringent licensing procedures, Anil Amarasuriya, Managing Director/CEO, Sampath Bank told The Sunday Times FT. When the Comprehensive Economic Partnership Agreement (CEPA) is in place, a couple of local banks, together with Sampath Bank will explore the opportunitities.

Living with violence
Some stock market investors, weary but accustomed by the war, are partly the reason for the recent boom at the Colombo bourse by realising that the conflict is there to stay – at least for another 20 years.

	GoldQuest-affiliate’s takeover of Ferntea illegal

	Asiri resisting Harry J

	Tea Board Chairman ignoring a presidential order

	‘Branding’ the patient

	VAT and the Budget

	What you need to know about insurance

	More rules to rap insider trading from SEC

	Cinnamon Grand earnings up

	Dialog’s mobile etiquette campaign

	Bernards wins Sainsbury’s Best Performing Supplier Award

	Hayleys post-tax profit up 56% to Rs 689 m. in 1H 2006-07

	MBSL’s highest profit in 25 years

	Sri Lankan elected to the ACS Branch Executive Committee

	Queens Radio and Television Corporation completes 50 years

	SMB Securities begins equity & debt trading

	Commercial Bank posts robust 9-month performance

	Professionalism at UAL

	UNP concerned about the economy

	CBL consolidates in agri-food industry

	Asian Cotton Mills planning to develop and divest

	Shareholder questions JKH’s increased stake in SAGT

	Gamma irradiation facility at Biyagama

	NTB profits up, growth momentum continues

	EDEX 2007 to help Lankan job seekers

	Emirates’ half-year performance hits new record

	Charity concert for Trinco day care centre

	First South Asian Capital Markets Conference in Colombo

	Haycarb recovering from tough year-2005, posts modest profit

	Chilaw Plantation making good profits

	Norwegian firm in oil drilling ops in Sri Lanka

	Creativity’s role to raise awareness

	HNB CEO attends ABA technical session in Taipei

	World Bank rhetoric and Chintana-nomics

	Daru Sevana- caring gift from PricewaterhouseCoopers

	Investors say no support from authorities

	Hail the courage and new paradigm of Capital M

	Better care of your AV equipment - Part 1

	VAT refunds and the export crisis

	Certified Management Accountants to get recognition as auditors

	Aitken Spence hopes new political alliance will bring peace

	Stock market zooms but bubble could burst

	HSBC structuring $100 mln syndicated loan for BOC

	Lanka slides down on CPI: Cause for alarm

	Rs 600 million apparel industry hub in ‘07

	Pay your taxes or else – warns IRD

Copyright 2006 Wijeya Newspapers Ltd.Colombo. Sri Lanka.