ISSN: 1391 - 0531
Sunday, January 21, 2007
Vol. 41 - No 34
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Wijeya Pariganaka
Financial Times

Power to probe SriLankan, SLT  
The Parliamentary Committee on Public Enterprises (COPE) is urging new rules to probe into any company where the government has a stake of 25% or more, a mandate it doesn’t have at the moment.
BoC Chairman accuses unions of conspiracy

Bank of Ceylon Chairman, Udayasiri Kariyawasam – much in the news these days over alleged corruption deals – says the bank is facing a conspiracy by a certain group with vested interests supported by ‘some unions’ at the bank. “At the time of my appointment, there was a decision to sell all Bank of Ceylon subsidiaries, but when I was appointed, I stopped this move,” he told The Sunday Times FT adding that potential buyers ‘may be orchestrating allegations’ against him, supported by some unions at the bank.

Minority shareholders recognised
Minority shareholders in Sri Lanka - knocking on doors for ‘decent treatment’ by listed companies - won some support from the authorities this week.
Creative inventors and support mechanisms

H. M Sugathadasa, an inventor from Anuradhapura had to mortgage his house to find money to develop his machine and was on the verge of bankruptcy. Sugathadasa’s invention was a wall scrapper which made the traditional work which required lot of manual labour and material such as scaffoldings a thing of the past. However finding an investor was not easy for him. When he came to the Inventions Commission he was desperately looking for an investor but the way he marketed his product from Anuradhapura didn’t attract any investors.

Foundation for economic growth and development

A top international accountant has called for the accountancy profession in Sri Lanka, throughout South Asia and around the world to foster an environment in which corruption cannot exist.

Upul finally wins CPC vote on hedging
Jacobi seeks US, Swedish help
Industrial disputes and minority shareholders
Detailed analysis of CPC/TGS-NOPEC agreement
View on Sri Lanka from German ambassador
Deutsche Bank pioneers UCP 600 workshop series in Sri Lanka
Telecom issues at the Business Club
Guitars from KIT KAT for lucky customers
Investing in Lanka’s 10 high performers
Helping Sri Lankan students in Australia
Major expansion drive by Oriflame in Sri Lanka this year
Asian shippers seeks removal of anti-competitive practices
Economics of congestion
Bartleet’s new recruits
CB report card on the economy
Sunil Dissanayake joins HSBC Group Service Centre
Kingston expands popular USB Family
Responsibility of a professional - Letter
‘25 cents’ enriches the lives of children across Sri Lanka
Celltel expands coverage, 70% of GSM network completed
Win-win for migrants and sending and receiving countries - report
Improving Sri Lanka-Iran business ties
New report ranks 21 Rated Asia-Pacific Sovereigns
JKH mega rights issue to settle debt, new investments
HNB’s new 3-year foreign currency deposit product
Hayleys unveils new corporate identity
Blowing in the wind - the wrong side!
Monetary Policy - an independent Central Bank exercise
New policy on share holdings in banks
Three-way joint venture in Hambantota water project

Copyright 2007 Wijeya Newspapers Ltd.Colombo. Sri Lanka.