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‘Airline Business Not For Governments’

A top executive at a leading international airline said that governments across the world, either directly or indirectly, should not get involved in hospitality related business ventures. This is because governments wherever in the world were prone to corruption and customer satisfaction rarely finds a place in the business agenda. Speaking to a group of [...]

Shadow Over Bourse

Beginning Of the End Of ‘QE’ By Paneetha Ameresekere Panic selling by locals saw the benchmark ASPI fall by 2.20% over its previous day’s close to end last week at 5,951.83 points, while the newly introduced S&P SL 20 Index fell by 2.32% to 3,342.96 points on a Rs. 978 million turnover. Shareholder wealth lost, [...]

Fonterra In Limbo Following Protests

New Zealand dairy giant Fonterra is reported to have told its 755 employees in Sri Lanka to go home as a security measure after protests over food safety took place outside its office in Biyagama last week. Fonterra employs are mostly Sri Lankan nationals and six are New Zealanders. A government ally, the NFF protested [...]

Deyo Taking Ethno Music To The World

By Easwaran Rutnam Born in Jaffna, raised in Colombo and now living in Australia. That basically is what sums up the life of Deluxshion Deyo. Or so you would think so.   Click Here To See Full Page

Tea Makes Rs. 104 Bn.

Tea export earnings in the first seven months of the year grew by Rs. 4.4 billion Year on Year (YoY) to Rs. 104.4 billion, Forbes & Walker (F&W) in a report said. However the quantities exported in the review period declined by 7.8 million kilos YoY to 174.2 million kg. Category wise, tea in bags [...]

Turkish Airlines Signals Confidence In SL

In a sign of confidence in Sri Lanka, Turkey’s national carrier, Turkish Airlines is to fly daily to Katunayake from Istanbul by the end of this year. The daily flights will be via Male, Maldives. “We always look at the long-term picture and not necessarily at short-term gains. We look at our network strategically and [...]

The Finance Co. To Recover Sussex College Investment

TFC is owed Rs 1.8 billion by Sussex Colleges Sunil Jayatissa ‘fas a lot of explaining to do’ Sussex Colleges occupying TFC property without payment By Faraz Shauketaly The Finance Company (TFC) sources have revealed that the company will be pursuing Sunil Jayatissa and the business known as Sussex Colleges for repayment of a staggering [...]

No Confidence In Politicians Voice Of The People

By Camelia Nathaniel Wijayanthimala a housewife in Digiliya I am a mother of five children. We are unable to survive in Digiliya and as there are no employment opportunities in this area, my husband had to seek employment as a labourer in Colombo. However my husband earns only around Rs 800 per day and since [...]

People Know We Are Trustworthy – Namal Karunaratne, JVP

Provincial council system was shoved down our throats by force in 1987 By Camelia Nathanial JVP candidate at the North Western Provincial Council, Namal Karunaratne says that the people of this country are facing many hardships with rising cost of living. Patients at government hospitals have to buy medicines from outside. Even farmers’ fertiliser subsidy [...]

Pillay To Checkmate The Rajapaksa Juggernaut?

Opposition forms broad platform through SAMAGI Agreement Pillay’s report will decide the country’s fate “First they came for the communists, and I did not speak out— because I was not a communist; Then they came for the socialists, and I did not speak out— because I was not a socialist; Then they came for the [...]

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