President Maithripala Sirisena said that he had told Prime Minister Ranil Wickremesinge that the best option for the Governor of the Central Bank of Sri Lanka (CBSL) in the face the recent controversy over the bond issue was for him to resign. During the special address last evening (14 July), commenting on this issue the…
The construction of the Colombo-Kandy Central Expressway is to be implemented in four phases by dividing its full length into four parts according to the recommendations of the Cabinet Subcommittee on Economic Affairs. The first phase would be from Kadawatha to Meerigama with the loan assistance from China EXIM Bank. The second would be the…
THE Dubai-based Gammon Group will develop a Free Zone and implement other projects worth $1.2 billion in Sri Lanka, according to its Chairman Sheikh Rafik Mohammed. “The government of Sri Lanka has agreed to provide all the facilities, including 700-800 acres of land, for setting up of the projects in the pattern of Dubai Free…
If the United National Party (UNP) wins at the upcoming General Elections and forms a government, a new Budget proposal based on the party’s policies would be presented, said Policy Planning and Economic Affairs Deputy Minister Harsha de Silva. He stated this when he spoke to www.adaderanabiz.lk. Recently, the new government introduced an interim budget…
Latest data reveal that following the new government slashing duties on smaller motorcars through its interim budget, the Maruti Suzuki motorcars registered in Sri Lanka in May 2015 has grown to 2,512. While presenting the latest data, JB Securities Stock Brokers state that only 325 Maruti Suzuki motorcars registered in Sri Lanka during November 2014….
Micro Constructions has gone before courts claiming that Japan’s Fujitec Corporation and its joint venture company Fujitec Lanka (Pvt) Ltd, the Board of Investment approved Sri Lankan subsidiary established by Micro Holdings Ltd to which the former government had awarded the tender for the supply and installation of high-speed elevators and escalators to the ‘Nelum…
An Employees Provident Fund (EPF) member could obtain 30 per cent from his/her total outstanding balance only to build a house, to purchase land for a house, to purchase a house and property, to redeem the mortgage on a house or property or to repay the balance loan obtained from an approved bank, said the…
Wide discussions have currently arisen within society over the Fina Crimes Investigation Division (FCID) of the Police. Kosala G. Thanthula, an internationally acclaimed academic as well as a Tax Consultant who is domiciled in the USA shared his views on the FCID with Adaderanabiz. Below is the video interview held while he was on a…
Following India’s Cairns pulling out of off-shore gas exploration activities recently, another international tender would be called for in October for gas exploration in the Mannar Basin, said Minister of Power and Energy Patali Champika Ranawaka while speaking at a function in Colombo. Cairn India which claimed it had discovered natural gas deposits off the…
Prime Minister Ranil Wickremesinghe today said that the government is currently in the process of “cleaning up” the Colombo Stock Exchange (CSE) and that they intend to establish a ‘Serious Frauds and Financial Crimes Division’ for this purpose. “That’s why we have to start a Serious Frauds and Financial Crimes Division with the intention of…
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