Financial Times

LMSL owes Rs 1.5 bln in taxes-Inland Revenue

Lanka Marine Services Ltd (LMSL), which had an effective monopoly for bunkering in the Colombo Port, owes taxes amounting to Rs. 1,526,416,949 (Rs 1.5 billion) from the financial year 2002/2003 onwards to the Inland Revenue Department (IRD) – a payment that must be made in line with a Supreme Court ruling.

Hunter's director resigns, CSE yet to be informed
Shareholders at Hunter and Company (Hunter's), under scrutiny over issues raised on disclosures, on Friday were informed that A.S. Jayawardene had resigned from the board of directors, just a month after being appointed.
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