He is prepared to embrace and accept the brotherly friendship extended by the Sri Lanka Freedom Party (SLFP) led United People’s Freedom Alliance (UPFA), says former President Mahinda Rajapaksa in a congratulatory message to the rally under the theme ‘Let us fulfill the aspirations of the 5.8 million who voted for Mahinda’ being held near…
With the taxes on hybrid vehicles being increased and those on electric vehicles being reduced through the new government’s interim budget, Power & Energy Minister Patali Champika Ranawaka’s attention has been drawn towards establishing re-charging centres island-wide, says his ministry. The Power & Energy Ministry says that under this programme, the involvement of the private…
Prominent Sri Lankan businessman Ravi Wijeratne who was planning to set up a hotel complex opposite Lake House in Colombo in collaboration with Australian businessman James Packer told www.adaderanabiz.lk that he was planning to continue this project in collaboration with another investor. He added that future discussions would be held on this issue and that…
Hemasiri Fernando, who is the incumbent president of the National Olympic Committee of Sri Lanka and functioned for some time as Chairman Sri Lanka Telecom has been appointed the new Chairman of the People’s Bank. Hemasiri Fernando told www.adaderanabiz.lk that he received the letter of appointment this afternoon and that he would assume his new…
The Cabinet has decided to continue with the Chinese government assisted Colombo Port City Project. This decision has been taken at the Cabinet meeting today, said Health Minister Rajitha Senaratne. New President Maithripala Sirisena is to discuss this project with China during his visit in March this year. Minister Senaratne also said that the draft…
Ranjith Fernando, a prominent former banker in Sri Lanka has been appointed as the Chairman of the Urban Development Authority. He received his appointment from Minister for Urban Development Water Supply and Drainage, Rauff Hakeem. A former Independent Directors of the Commercial Bank of Ceylon from 2008, he was instrumental in transforming the then government…
Though the media had publicized that former President Mahinda Rajapaksa had ordered for an aircraft for his personal use, the highest sources within the civil aviation sector revealed to www.adaderanabiz.lk that such a separate aircraft has never been ordered. A VIP Kit was attached only as an offer when SriLankan Airlines purchased several aircraft for…
With the new government’s interim budget deciding to impose a special tax of Rs. 1,000 million (Rs. 01 billion) from casino owners for each of their gaming centres, Sri Lankan businessmen Dhammika Perera and Ravi Wijeratne who have established several casinos in the island have decided to close down their gaming centres, www.adaderanabiz.lk learns from…
John Keells Holdings PLC has instructed its subsidiary Waterfront Properties (Private) Limited to engage with the government over the announcement by Prime Minister Ranil Wickremesinghe that the agreements entered into by Waterfront Properties (Pvt) Limited under the Strategic Projects Development Act will be amended to restrict the ability to rent space for gaming activities. It…
The Italian made Lamborghini cars have turned out to be a hot topic in the political field these days. However, the Chairman of Euro Sports which is the Sri Lankan agent for Lamborghini vehicles and a subsidiary of Micro Cars, Dr. Lawrence Perera told www.adaderanabiz.lk that there are only two Lamborghini owners in Sri Lankan….
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