Business
October a Glory Month for Colombo Stock Exchange Indian parents infuses $ 9 mn. to help clear foreign debt Taj posts marginal operating loss after financial restructure Ceylon Chamber projects GDP growth this year at dismal 0.6% Cargills post first-half profit growth despite economic downturn Controversy gets fresh airing in annual report "We’ve broken no laws," says DCSL on Sampath Bank share purchase Liquor giant targets 50% profit share outside core business Despite volume losses Distilleries Company posts record profit Sampath claims a first in Lanka with Webcard for Internet banking Labour problems drove Meepe factory into the red Ceramics and plantations help double Lanka Walltile profits The show is over — clowns leave the stage!	Globalization of the US Recession Rs. 337.4 mn. debt to HNB assigned to Darley Butler Interest drag drives Elephant Lite retained losses up to Rs. 0.5 bn. Adverse business climate too attributed to loss Ceylinco Seylan Developments hit by high finance and power costs Suntel delivers a "total solution" to Caltex Hayleys Electronics gears for growth in tough conditions "Interest waivers (part or full) not uncommon in banking practice" Don’t interfere with private sector wages, EFC tells government Hotels Corp. bottom line less than resthouse profits Market penetration poor due to credit restrictions UAL Grand Sponsor of Entrepreneur of the Year DFCC stockbrokers (Pvt) Ltd. Market & Business Highlights
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