Financial Times

US crisis: Lanka spared

As governments across western markets moved to stem the global financial crisis and restore confidence in battered markets following the US financial crisis, officials in Colombo said Sri Lanka so far has been unaffected by the situation.

Harry dominates DCSL annual meeting
The Annual General Meeting (AGM) of the Harry Jayawardena-controlled Distilleries Company of Sri Lanka (DCSL) held on Thursday saw Mr Jayawardena, Chairman DCSL, berating a shareholder and threatening to expose him, shareholders who were present at the AGM, said. "A shareholder by the name of 'Mr. Theagarajah' raised a question asking why the DCSL directors do not hold shares of DCSL in their personal capacity. This angered Mr. Jayawardena,” one shareholder said.
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