Search Results for: Sri Lankan

BY KEITH NUTHALL
THE SRI Lankan government should work with the country’s leather industry to improve the quality of raw hides, a national industry workshop has concluded. It heard that the trade in finished or semi-finished Sri Lankan leather was suffering because of poor hide standards.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
A CHILLED goods retailer has predicted the opening of markets in the north of Sri Lanka following the peace agreement between the Columbo government and the Tamil Tigers should boost its soft drinks sales by six per cent this year.…

BY SWINEETHA DIAS WICKRAMANAYAKA
ASIAN Paints, the Indian colour multinational has been rated the best “small” company in India in 2002 by the financial magazine Asiamoney; (‘small’ companies are those with market capitalisation under US$500 million). Ashwin Dani, Asian Paints (India) managing director said: “This is reflection of our continuous process of being transparent and maintaining high standards of corporate governance.”…

BY SWINEETHA DIAS WICKRAMANAYAKA
A THIRD competitor will enter the Sri Lanka petrol distribution market this summer, said the Ceylon Petroleum Corporation. Its identity was to be unveiled at the Columbo Stock Exchange. The Indian Oil Company is the other competitor.…

Keith Nuthall
THE EUROPEAN Union is facing growing opposition at the World Trade Organisation to its stance on geographical indications, where it refuses to grant protection to traditional regional names of drinks and food products from non-EU countries, unless their governments roughly copy Europe’s own rules.…

BY SWINEETHA DIAS WICKRAMANAYAKA
SRI Lankan authorities have approved the delivery of 1,805 tonnes of LPG (owned by Mundo Gas) to Galle, reversing their usual opposition to such deliveries at commercial maritime ports; the Sri Lanka Ports Authority demanded US$2 million insurance cover.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
CONSTRUCTION of an airport at Matugama, western Sri Lanka, was to start this month (April), to boost transport links to tourist developments. The island’s travel industry has been boosted by the peace deal with the Tamil Tigers.…

BY SWINEETHA DIAS WICKRAMANAYAKA
ASIAN Paints (Lanka) Ltd., the Sri Lanka operation of the India-based multinational coating giant, is offering free insurance to professional painters who choose to use its products. They will be offered a comprehensive accident insurance scheme that could pay up to SL Rupees 250,000 (US$2,580) in compensation per painter.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
SRI Lankan soft drinks companies have attacked their national government’s decision to continue imposing excise tax on their industry while planning to extend VAT to both the wholesale and retail distributors of the sector. Himal Fonseka, country-marketing manager for Pure Beverages Ltd.,…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
THE SRI Lanka government wants to set up a SLRupees 1.5 billion (US$15.48 million) footwear manufacturing centre at Homagama, near the capital Columbo, bringing 150 shoe factories and workshops together, with the aim of boosting cooperation and developing products for the export market.…