ISSN: 1391 - 0531
Sunday, April 15, 2007
Vol. 41 - No 46
 
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Financial Times

Power sector to be regulated

 
The government has set aside controversial changes to the Ceylon Electricity Board (CEB) – in the wake of criticism from trade unions, the JVP and a Supreme Court decision – but the state body will be subject to regulation by the Public Utilities Commission (PUC). Officials said there are currently no plans to privatise the country’s power services including the CEB following years of protests but a licensing regime will come into force that is compulsory for all power providers.
 

Offshore oil in Sri Lanka likely by 2009

The potential for hydrocarbon accumulation in the Mannar Basin could have Sri Lanka producing its own oil and gas by 2009, a senior official said this week. Neil De Silva, Director General of the Petroleum Resource Development Secretariat, said there is a 70% chance that hydrocarbons will be found in the Mannar Basin. Moreover, India has found sizeable sediments on their side of the Basin.

 

Bourse being sued for the first time

The Colombo Stock Exchange (CSE), for the first time in its near 25 year-old history, is being sued by a disgruntled local investor who says he lost millions owing to the negligence of the bourse. Iqbal Bin Issack is claiming Rs.24 million from the CSE for losses in investment over lack of proper safeguards.

 

Real estate stockmarket

Within the next three to four months, Sri Lanka will see a ‘Real Estate Stock Exchange’ backed by a National Pricing Index (NPI) for the real estate industry. “We have submitted a paper in this regard to the Engineering and Construction Ministry and the government has given the go ahead to work on it,” Lakshmi Narayanan, President/CEO, REBI International, a company providing various services in the real estate sector, told The Sunday Times FT.

 

ComBank-NDB merger -a formidable force
   
CSE hits low, will recover
   
Locally assembled computers
   
Relief for power users - Comment
   

Central Bank: Why economic and price stability?

 
Investors at Seethawaka Zone cry foul
 
Looking back to the future
   
In the beginning...
   
Shift needed from cut-and-sew mindset to total service provider
   
Creating new spaces in crowded market
   
South Asian countries must unite for regional clothing and textile hub, say trade experts
 
Food for thought: Hi-tech garment futures
 
Sri Lanka manufacturing organic cotton clothes for UK designer Katherine Hamnett
 
Service liberalisation on its way to South Asia
 
Ceylinco Life salutes its stars for top 2006 performance
 
LBSI wins top honours at inhouse event
 
Business protection amidst urban terrorism
 
Chillies Awards - “Insight Inside” revisited
 
Single-digit inflation? Sooner than you think!
 
Risks business leaders failed to highlight

Copyright 2007 Wijeya Newspapers Ltd.Colombo. Sri Lanka.