Caddell Construction Co. has received its 26th contract with the U.S. State Department after being awarded the design and build contract for the new U.S. Embassy in Sri Lanka. The Montgomery-based firm will be developing the 6-acre site in Colombo, Sri Lanka. The project will include a new office building, U.S. Marine residence, compound access…
LankaClear (Private) Limited, the operator of Sri Lanka’s National Payment Network LankaPay, held its 14th Annual General Meeting on 30th June 2016 at the Galadari Hotel, Colombo. Incorporated in 2002 under the guidance and approval of the Central Bank of Sri Lanka as the National Cheque Clearing House, LankaClear is owned by the Central Bank…
Part of one of the country’s leading conglomerates, Richard Pieris Distributors Ltd (Arpico Retail) came onboard to power the 2016 Strategy Summit organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Richard Pieris Distributors Ltd will be the main sponsor of the two day summit which will be held on 26th…
Reuters – Sri Lankan shares rose for a second straight session on Thursday and posted their highest close in more than one week, as foreign investors bought into banking and diversified stocks. Overseas investors, who have offloaded shares worth a net 5.81 billion rupees ($40 million) so far this year, bought equities worth a net…
The Ministry of Transport and Civil Aviation just concluded the bid opening for the prestigious core category duty free bids for the Bandaranaike International Airport, today (07 July). The Airport and Aviation services, under the Ministry had decided to go for a tender process for the first time. The tender which was floated in May this…
President of Colombo Chamber of Commerce Dr. Amila Kankanamge “Such incidents happen in the world from time to time and are not factors that have a large impact on the Sri Lankan economy. What is important is to develop a strong local economy that is not vulnerable to changes caused by international incidents. This can…
Blue Mountain join hands with real estate titan Palmer and Turner group Singapore for a landmark residential development project Blue Mountain Apartments together with global real estate titan Palmer and Turner group of Singapore launched the most luxurious and unique apartment complex in Sri Lanka to date, Achilleion. The 7-star residence is set to offer…
The current tax burden on the people could be removed in a short period of time as a result of the government’s commitment to practice financial disciplines, says Finance Minister Ravi Karunanayake. He added that the government has taken every possible measures to eliminate waste and corruption in this regard. Coincident with the forthcoming Ramadan…
A meeting was held recently between the Board of Investment of Sri Lanka and the Export Development Board, to explore areas of co-operation between the two key economic agencies and work closer towards achieving the nation’s economic goals. Both institutions now come under the Ministry of Development strategies and International Trade headed by Minister Hon….
A set of Government employees should be created if Sri Lanka’s State services are to be made efficient, said Additional Secretary of the Presidential Secretariat Sunil Hettiarachchi during an interview with Ada Derana Biz 24X7. The full interview is below:
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