A certain group is currently considering whether there are possibilities of taking legal action challenging the Finance Ministry ‘request’ for the heads of several private commercial banks to resign, www.adaderanabiz.lk learns from very reliable sources. The Finance Ministry had recently informed several higher ups appointed to private commercial banks where the government is a stakeholder…
Apple Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity – after paying for his 10-year-old nephew’s college education. “You want to…
Instead of threatening Sri Lankan vehicle importers who are in a quandary due to the increase of taxes on vehicle imports that some 2,000 vehicles imported and currently stuck at the Hambantota port would be auctioned, it is more important for the government to provide some sort of relief to the importers, said the chairman…
Welipenna Vithanage Sugathapala who is employed as a security person at the New Monis Bakery at Maggona and who has been recently honoured as the happiest man in the world joined us in conversation to mark World Happiness Day. Sugathapala who was recently honoured at the ‘Happiest Man in the World’ by receiving the highest…
Uga Escapes officially opens its doors to its fourth property, RESIDENCE, an all suite boutique hotel in, Colombo. Uga Escapes demonstrating its commitment to the luxury tourism sector, have done a total revamp of the existing property, enhancing suite features and incorporating a one of a kind dining experience. Built in the nineteenth century situated…
Silhan L. Rahaman who has been a long-time close and loyal associate and coordinating secretary of Finance Minister Ravi Karunanayake has been appointed by the Minister as a Director of the Merchant Bank of Sri Lanka (MBSL). The MBSL has informed the Colombo Stock Exchange that Silhan Rahaman has 29 years of experience in the…
The new government here is racing to carry out an ambitious 100-day plan to overhaul the constitution and reinvigorate the economy as it girds for elections likely within the next few months. But on Saturday, Prime Minister Ranil Wickremesinghe took a break from affairs of state—to watch a high-school cricket match. It isn’t just any…
With his visit as the first Indian Prime Minister since 1987, he is happy with the fruitful discussions with the incumbent Sri Lankan government and they would be helpful in further strengthening the existing ties between the two neighbours, said Indian Prime Minister Narendra Modi at the Presidential Secretariat this morning (13 March). During this…
March 13, 2015 Hon’ble Ravi Karunanayake, Minister of Finance of Sri Lanka, Hon’ble Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka, Mr. Suresh Shah, Chairman of the Ceylon Chamber of Commerce, Business representatives from India and Sri Lanka, Distinguished guests, I am delighted to be here at the Ceylon Chamber of Commerce. Thank…
While expressing deep disappointment on the alleged media reports during the past two weeks quoting some government authorities regarding the new government’s decision to review its project to re-develop eight acres of land at Slave Island in Colombo, India’s Tata Housing Development Company Limited said that its ultimate subsidiary One-Colombo Project (Pvt) Ltd. has partnered…
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