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News  


 

INJUNS SLEEPING AND COMPLAINING?
Injuns are funny people they are even said to be unhappy with Chinamen doing business in Colombo harbour, but when the bids to select an investor for the first terminal of the new Colombo South Harbour was kept open for four months early last year they failed to realise the opportunity and finally when the sole bid placed by the China Merchant Holdings in association with Aitken Spence won the tender they were reduced to grumble having woken up from yet another slumber as happened with the Hambantota Harbour project. An old wag in the Colombo Port quipped that at least they could have come forward to invest in the South Harbour first terminal as that would have been an investment to handle their own cargo and also earn a return as bulk of the business handled by Colombo is transhipment cargo from India.

INSIDER DEALERS BEWARE
UNPís economic Doc Harsha is a good soul who generally speaks out on injustices without fear or favour, but sometimes he too gets wires crossed may be when he runs out of current topics. So without checking his facts he keeps on harping about the Colombo Stock Exchangeís failure to carry out a promise to introduce latest surveillance software to catch insider dealers operating in the local share market within a period of one month and the charge of the doc is that even after two months nothing has been done in order to help the wrong doers. The truth of the matter, however, is that the hi-tech software acquired from the prestigious Massachusetts Institute of Technology in the US could not be immediately put into our system without opening a new gateway for it and now it has been done. From tomorrow, hopefully, it will be in operation and the two systems will run parallel for six months till any possible teething problems in the new system is weeded out.

TOO CLOSE FOR COMFORT
First there was the gigantic explosion last month in Karadiyanaru of Chinese dynamite, then this month the massive fire at Norichcholai coal power plant being built by them. Is it one too many accidents in too close a proximity and is someone playing with fire which can really get out of control? It could even be the work of a third party wanting Injuns and Chinamen to clash. Letís hope it is none of the above and just pure accidents in both instances.

ALLíS WELL THAT ENDS WELL
The Sea Street jewellers are said to be breathing a sigh of relief after submitting a long memorandum about allegedly not so lawful acts of some crooked cops to their boss in Colombo Senior DIG K P P Pathirana. Some of these traders are no angels either for often are found buying ill gotten gold from criminals. Now with strict guidelines in place for both sides it is a case of allís well that ends well. But we wonder whether any action will be taken against some OICs who were named and accused of committing obvious acts of extortion.