CEMENT HOARDERS IN N’ ELIYA FACE LEGAL ACTION

Appropriate legal action will be taken against several individuals charged with over pricing and hoarding cement stocks, says the Nuwara Eliya Consumer Affairs Authority which seized over 250 cement bags following raids carried out in areas including Kandapola, Nuwara Eliya and Hatton yesterday.

CAA officials state that the traders in question will be charged under the Consumer Protection Act.

The Ministry of Co-operatives and Internal Trade had decided to take legal action against merchants concealing or over pricing stocks of cement due to the recent shortage of cement in the country.

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STUDENTS SURROUND ADMINISTRATIVE BUILDING AT J’PURA

A tense situation has broken out at the Jayawardenapura University after a group of students surrounded an administrative building. The students have reportedly surrounded Vice Chancellor N.L.A. Karunaratna ’ s office building following an announcement that he will not be issuing Mahapola scholarships.

PayPal wants report from Sri Lanka: Sampath, three other banks to introduce service

Though the Central Bank of Sri Lanka (CBSL) was first to introduce PayPal to Sri Lanka through the Sampath Bank, it is revealed that three other banks too have been now earmarked by the CBSL. A senior official from the CBSL told AdaderanaBiz, “We were to first introduce PayPal through the Sampath Bank. However, we now plan to introduce this service to the country through four banks. We also plan to gradually involve the rest of the banks in the country.” While the CBSL is discussing with the PayPal branch in India to introduce the service to Sri Lanka, PayPal’s Indian arm has reportedly requested a report on Sri Lanka’s exports. The senior CBSL official told AdaderanaBiz that they would be submitting such a report and hence the introduction of PayPal to Sri Lanka would face a slight delay. Though cash cannot be remitted to Sri Lanka through the world renowned PayPal money transfer service sending money from Sri Lanka is possible even now.

Ukrainians injured as police dismantle Kiev 'tent city'

At least 10 demonstrators have been injured in clashes with Ukrainian police and another 100 detained in the capital Kiev after authorities began dismantling a makeshift "tent city" protesting against corruption. The tent city was set up in October by supporters of Mikheil Saakashvili, a former president of Georgia who has become an opposition politician in Ukraine. Saakashvili, a critic of corruption in Ukraine, was deported to Poland in February. He said he was "kidnapped" by Ukrainian authorities and removed from the country against his will. Andriy Kryshchneko, police chief of police, said at the camp on Saturday that "two court decisions" allowed authorities to search and dismantle the camp. Police said that explosives and other weapons were found at the scene

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