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Wednesday, 25 November, 2009
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Reform executive Presidency – MR
President Mahinda Rajapaksa yesterday said that he believes the current Executive presidency needs changes, but its total abolition could lead to political instability in the country.
He was answering questions raised at a meeting he had with the newspaper editors and heads of media institutions at Temple Trees.
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Galleon continues selling spree
By Indika Sakalasooriya
Galleon’s selling spree was seen continuing in the market on Monday, as Raj Rajaratnam’s Galleon Master Fund, started shedding shares of one of Sri Lanka’s highly liquid firm, Chemical Industries (Colombo) PLC (CIC).
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Will a ‘Thovila’ boost up the market? |
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Dr. Mark Mobius, Managing Director of Templeton Fund, during his visit to Sri Lanka two weeks back stayed at Ahungalla Heritance, which belongs to the Sri Lankan hotel chain, Aitken Spence. The picture shows Dr Mobius and Dennis Lim, Senior Executive Vice President Templeton Asset Management Ltd being welcomed at Ahungalla Heritance with “Salu Paliya” traditional dance |
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Customs cuts fuel import taxes further
The Department of Customs, following a directive by the Treasury has recently reduced import taxes on petrol and diesel.
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BoC to open up economic zone in Jaffna
By Sarashi Samarasinghe
The Bank of Ceylon (BoC) is looking forward to opening a new economic zone in the Jaffna peninsula off the A9 road.
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