Business Today Sri Lanka - November 1998

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President Chandrika Bandaranaike Kumaratunga outlines the economic progress made since the '98 budget and envisages strategic plans for future economic growth.
Hatton National Bank, with its 100-year-old history, has today become a leading player in the banking sector.
The Government recognizes the potential of inland fishing and aquaculture and implements steps to develop the industry.
Media freedom and social responsibility continues to be controversial issue. Prominent media personalities express their views.
Nonpayment of royalties is a favor that affects a lot of people in the creative arena in the Asian region. As far as Sri Lanka is concerned, there is a law called the Intellectual Property Act to deal with copyright issues.
Our strategy is to give value products at low prices - low enough to a broader section of society, says Steve Simons, Vice President, McDonald's Corporation, USA.
Sriyani Nonis, Mackwoods Group of Companies Chairperson, speaks of their role in the plantations sector.
KFC visited in 1989 to study the local market but decided the local market wasn't ready for a KFC outlet, and also they couldn't obtain the standard of quality they required in raw ingredients. But they changed their minds, and in 1995 the first KFC outlet was opened in Colombo at the Majestic City.