Financial Times

Confusion over Ceylinco transactions

Confusion has arisen over transactions of companies carrying the Ceylinco name including Ceylinco Insurance following the Supreme Court’s interim order restraining the transfer or transacting assets of the Golden Key Credit Card Company Ltd, its subsidiary and ‘related entities’. This came to light after the Commissioner General of Motor Traffic acting on instructions issued by the Attorney General, refused to transfer a vehicle by a company, unrelated to Golden Key, functioning under the Ceylinco Consolidated umbrella.

 
Plantation workers want better salaries, social recognition
Plantation companies and trade unions are negotiating another collective wage agreement but trade unions say the gap is wide between worker aspirations and company offers. “We have had a few rounds of talks already but I don’t see an agreement for another 2 -3 months.
 
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