ISSN: 1391 - 0531
Sunday, December 17, 2006
Vol. 41 - No 29
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Wijeya Pariganaka
Financial Times

Vittachi scores in courtroom victory over Harry J  
By Natasha Gunaratne
VP Vittachi has scored a victory in round three of the ongoing battle with business tycoon and partner Harry Jayawardene by securing an enjoining order from the courts permitting him to resume his duties as Chairman of Stassen Exports Ltd this past week.
Cargills launching Sri Lanka's milk revolution
By Maheshi Anandasiri

Cargills Quality Dairies (Pvt) Ltd (CQDL), is looking beyond the vistas of ice cream to expand into a fully fledged dairy facility in a bid to kick start Sri Lanka’s own ‘Milk Revolution”.

DCSL-Customs: Have investigations been halted?
The Customs Department, it is reliably learnt, has halted investigations into the under-invoicing scandal of alcohol by Periceyl (Pvt) Ltd, a jointly controlled entity of Distilleries Company of Sri Lanka (DCSL), with the Director-General being accused of ‘being the culprit.’
Hilton eyeing southern resort
The Hilton chain managing the Colombo 5-star property owned by the Hotel Developers (Lanka) Ltd (HDL) wants to build a new 340-room southern resort while agreeing to ‘substantially’ reduce its management fee under a new agreement being negotiated for the Colombo Hilton.
Hameedia seeks public listing

Hameedia, the premier Sri Lankan men’s wear retailers, plans a public listing next year after expansion to Bangladesh, Nepal and Kuwait.
“We are planning to open stores in these countries by next year and then explore the possibilities of an initial public offering (IPO),” Fouzul Hameed, Managing Director of the company, told The Sunday Times FT.

Tea and finance
Too-good-to-be true forestry investments?
Upali Consumer and Golden Key in distribution deal
Corruption and inconsistent policies destroying domestic shoe industry
Haycarb succeeds in Supreme Court
Many Lankans disappointed by SLFP-UNP MoU progress
Uncertainty in global rubber markets
Nokia’s mega meeting in Amsterdam
Women fighting corruption
South African experts help Lanka in groundwater issues
Employment and infrastructure lacking for the disabled
Hayleys and the Three Wise Men
Julius & Creasy declared preferred lawyers
Pakistan - promising market for Sri Lanka's MICE industry
Munchee once again sponsors ‘Ridee Rayak 4’
UNP 'gaga' over Treasury Secretary quitting reports
Health and safety costs of workers in construction tenders
SLI sends mandatory offer documents to Asiri shareholders
Lenova notebook launched
Empowering women at MAS Holdings
Chamber welcomes MRP on imported goods
PC House becomes Microsoft OEM Partner status
Lanka Bell ties up with FLAG Telecom in undersea cable project
JKH launches second phase of HIV/AIDS awareness campaign
Ceylinco Insurance highest placed insurer in LMD 50 once again
Leo Burnett’s off-site workshop trains 63 professionals
Ravi K defends presence at Union Bank-Cabraal meeting
Vanik Chairman announces retirement at AGM
Sri Lanka Cricket sues Ceylinco for payment on lost series
Former chairman pulls another trick out of his hat!
Raigam founder declared Sri Lanka Entrepreneur of the Year
Courtroom battles now between Harry and Vittachi
Are Lankan business leaders enemies of globalization?
We don’t need no education
Don’t wear hats inside – Customs tells customer
Divulapitiya – the home of ‘Magic’ ice cream

Copyright 2006 Wijeya Newspapers Ltd.Colombo. Sri Lanka.