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Fair Deals

A separate Monopolies and Mergers Commission is being spun off from the new Consumer Protection Act, Fair Trading Commission (FTC) officials said.Modelled on …

Falling Numbers

Sri Lankas tea crop slipped to 20.7 mn kilos in August, its lowest since 1999 when a figure of 19.buy zovirax online buy zovirax online no prescription 4 mn …

Computers In Business

A new law that will formally recognize transactions and contracts made through computers is now being drafted officials say.Sri Lankan law does not recognize …

Overhaul of key financial legislations

The Central Bank is seeking consultancy expertise to help overhaul key financial legislations early next year.The US$ 30 mn World Bank grant project will cover …

Legal Clean Up

The Central Bank is seeking legal expertise to help overhaul key financial legislations early next year.The project will cover the Monetary Law Act, Banking …

Bankruptcy Law Coming

US style bankruptcy protection laws are on the pipeline covering sole traders and partnerships in addition to limited liability companies.The Private sector …

Tinkering With Monetary Laws

The amended Monetary Law will refocus the Central Bank to key objectives of economic, price and the financial system stability.The Central Bank presently …

Fresh Look

The Act will be brought in line Basle requirements and international best practices.rnrnThe Banking Law governs commercial and specialized banks.rnrnThe SEC …

Oxidising Tea

At the laboratories of the tea research centre, scientists are brewing a new cup of tea. online pharmacy buy abilify with best prices today in the USA buy …

Fast Track

Cabinet has rubber stamped a Labour Ministry proposal to clear a backlog of fifteen thousand labour tribunal cases on a fast track basis. The proposal to be …

Stretching Rubber

Out-grower schemes for rubber in non-traditional planting areas are being developed as one way to bridge an expected shortfall in top quality grades for the …

Freeing Labour

Cabinet has rubber stamped a Labour Ministrys proposal to clear a backlog of 15,000 labour tribunal cases on a lquote 4:2:1 solution.The proposal to be …

Recovery Mode

Sri Lankan tea production has swung into rapid recovery mode following a weak first quarter, to end at 181.8 mn kilos to date, up from 3.6 mn kilos the …

Checkmate

Clamping down on excessive government spending, cabinet on Wednesday passed the Fiscal Responsibility Act, the UNF governments solution for the growing …

Social Watch

The government is introducing a new law that will de-politicise welfare payments and improve targeting."People will no longer be able to claim benefits due to …

Blue-Collar Blues

With the Youth Corp bill getting the Parliament nod an estimated 40,000 young persons will go into job - oriented training this year.A further 150,000 will …

No more promises

A new law to prevent abuse of public funds while committing the government to its budget targets will come before the house soon.In addition to putting …

Limited Scope

The government plans to form an asset management company to takeover the debts of the two state banks.A top Central Bank official said the upcoming Bank Rescue …

Unorthodox Shift

Local factions in the tea industry say the Indian threat was looming for over a year, but officials here had made no effort to plan for competition. Sri Lankan …

Rainy Day Funds

This is one of two pieces of legislation that are coming before parliament in the next few weeks, laying the groundwork for an eventual re-haul of the …