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ISSN: 1391 - 0531
Sunday, September 17, 2006
Vol. 41 - No 16
 
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Financial Times

Harry J does it again
By Duruthu Edirimuni
Corporate raider Harry Jayawardena once again proved that no government, president, regulator or individual stands in his way when he took over Apollo Hospitals last Thursday making another victim bite the dust.
 
Rapido online lotteries wind up on huge losses
By Chaturi Dissanayake
Online Lotteries Pvt Ltd, a wholly owned subsidiary of the National Lotteries Board (NDB), has made a thumping loss of 556 million rupees since its incorporation two and half years ago and last week decided to wind up the operation. NDB said it had taken steps to terminate all operations of the online lotteries Daily Rapido and Quick Rapido as a result of the heavy losses.
 
Goldquest-controlled Ferntea sued for payments
Ferntea, the Colombo-based tea firm whose founder was ousted by a group backed by the controversial GoldQuest group, is now facing an insolvency suit and a winding up application.
 
Dialog to launch fixed phones end 2006
Dialog Telekom is preparing to launch fixed lines by the end of the year under Dialog Broadband Networks (Pvt) Ltd and is putting the ‘team’ in place.
 
Seen and heard
* Opening press conference of the Commonwealth Finance Ministers’ Meeting starts on a sporty note with the Secretary General (SG) expressing concerns about the Lankan cricket team. “As we know, Sri Lanka’s long term decision-making of taking younger and new players into your national cricket team’s first eleven is leaving the rest of us shaking at the crease,” the Australian national said, drawing laughter.
 
MORE FINANCIAL NEWS
Apollo – why, oh, why?
   
Life assurance schemes or assurance scams ?
   
Labour chief says will discuss Combank issue with Central Bank
   
Conflict of interest at CSE - Letter
 
Ceylinco Life ‘doctors’ for people in rural areas
 
MTI Consulting says good response amongst Pakistani companies
 
Coca-Cola, UN help support post-tsunami water and sanitation needs
   
HSBC Sri Lanka wins 'Best Internet Bank' award from global finance
   
Investment and trade mission to Korea
   
Lanka proposes new Commonwealth Fund for urban poor
   
Commonwealth chief urges members to pursue development issues
 
Fitch assigns 'A-(lka)' rating to People's Leasing Company Ltd
 
Multilac marks 25th anniversary by helping paint 250 places of religious worship
 
Janashakthi records Rs 209.5 mn profit for 2005 financial year
 
Fitch assigns 'BB+(lka)' rating to Industrial Finance
Rupee Finance re-brands as Vallibel Finance under new owners
 
Anchor’s first dairy take-away outlet
 
ISO certification for biscuit giant Maliban
 
Cigarette, alcohol firms seen benefiting from new bill- reports
 
Hayleys ventures in to hi-tech identification solutions with Bartronics
 
Fit and proper bank directors - Letter
 
Price of politics to the cost of living in Sri Lanka
 
Microsoft announces Imagine Cup 2006 winners
 
Jacobi says discrimination against foreign investors
 
Let down by political, civil and business leaders
 
HNB in tie up with global dealer for inward remittances
   
Safe drinking water for the Sri Lankan population
   
Fuel costs, road management and energy
   
Norway firm violates data agreement with CPC
   
Colombo Port expansion finally gets underway
   
Rubber re-planting on the rise due to good prices
   
International exhibitions in Colombo focus on printing, packaging and plastics
   
SriLankan Holidays offers travel agents online booking
   
TopJobs delivers online jobs and e-recruitment
   
Suntel’s new ‘chat’ plan
   

 


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