Sri Lanka Customs: Judge & Jury

Customs unions are resisting the repeal of an arcane law that grants them enormous power with little accountability. When a Customs officer has personal financial gain from a judgment, expecting justice is unrealistic. The new law proposes to withdraw Customs‘ power to penalise offenders proposing its replacement by a three - member Customs Appellate Tribunal appointed by the Judicial Service Commission.

The Finance Turns A Corner

The listed finance company reported a net interest income (or topline gross profit) in the June 2016 quarter for the first time in eight years, since the former Ceylinco firm fell into a liquidity crisis

Tea in turmoil

Plantation companies already losing money producing high elevation teas are pushed deeper into the red by falling output and increasing labour costs