Prima to face legal action over wheat flour price
Minister of Trade Marketing Development,
Co-operatives and Consumer Services, Bandula Gunawardana said that
he will be resorting to legal action against the Prima Ceylon Ltd.
for not seeking approval from the Consumer Affairs Authority before
increasing the price of wheat flour.
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Lanka's tea industry gains competitive advantage
Sri Lanka's tea industry has gained a
competitive advantage over other major tea exporting countries due
to the use of biological pest and disease control methods to produce
quality tea, said Dr. Dhayan Kirtisinghe, Quality Certification
Manager, Tea Association of Sri Lanka in an interview with the
Sunday Observer .
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People's Bank pre-tax profits exceed Rs. 4.2 billion
People's Bank has recorded a fifth continuous
year of impressive performance in the year 2006. The bank's
unaudited financials show profit before taxation and appropriations
reached its highest level of Rs. 4.2 billion in the 2006 financial
year, whilst profit before tax for the group surpassed Rs. 5 billion
at Rs. 5.1 billion.
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