Recent Cabinet decisions outline that the Cabinet of Ministers approved the proposal Presented by Nimal Siripala De Silva, Minister of Transport and Civil Aviation to allocate a land ( 1 acre and 02 roods )in Maradana to construct a Colombo Train Controlling Centre and Railway Operations Headquarters, under the Colombo Suburban Railway Efficiency Improvement Project…
The recent Cabinet decisions outline that the Cabinet of Ministers considered the cabinet memorandum presented by Ranil Wickremesinghe, Prime Minister & Minister of National Policies and Economic Affairs, stating that it is expected to obtain approximately US $ 450-500 Million grant for two projects on Transport Field Development and Land Administration Process and regarding the…
The Cabinet of Ministers approved the proposal presented by Dr. Rajitha Senaratne, Minister of Health, Nutrition and Indigenous Medicine to award the procurement of supplying 93,737 foldable Eye Lenses to M/s Hemas Pharmaceuticals (Pvt) Ltd, for Rs. 1,062.2 million.
04 agreements signed between the two countries Sri Lanka and Thailand paid their attention to further develop and strengthen the trade and technical cooperation between the two countries. This was discussed in detail when the official bilateral discussions between President Maithripala Sirisena and the Prime Minister of Thailand General Prayut Chan-o-cha, who is on a…
India’s Sri Ramayana Express to capitalize from Religious Tourism promoting the Ramayana Tales Indai will soon launch a train tiled ‘Sri Ramayana Express’ that would travel from Ayodhya to Colombo via Rameshwaram, a recent report in Indian Media outlines. The first 800-seater train under the service would start its journey from November 14, from Delhi…
In 32 years by 2050, Sri Lanka will have a third international airport housed in Hingurakgoda, along with a Master Development plan that will witness Trincomalee being converted to a Metropolitan, the recently unleashed ‘Trincomalee Master Plan project’ of Surbana Jurong Consultants of Singapore which was presented to the the government highlights. As per the…
Reuters – Sri Lankan shares hit their highest close in over a week on Thursday as investors bought banking and beverage shares, stockbrokers said. Many market participants remained on the sidelines due to a lack of bullish news amid concerns over political uncertainty, analysts said. The Colombo stock index ended 0.43 percent higher at 6,118.80,…
Reuters – The Sri Lankan rupee closed marginally weaker on Thursday in dull trade, as importer dollar demand surpassed mild selling of the U.S. currency by exporters, traders said. The rupee closed at 159.40/50 per dollar, compared with Wednesday’s close of 159.25/35. It has declined 3.9 percent so far this year. Central Bank Governor Indrajit…
The Commercial Bank of Ceylon PLC has announced plans to raise Rs 5 billion, with an option to raise upto a further Rs. 5 billion in the event of an over subscription, for its capital through a Basel III compliant debenture issue that opens on Monday, 16th July 2018, offering qualified investors an opportunity to…
The plans of transformation, guidance from The Galle Face Group, Hirdaramani Group and Navitas Investments coupled with astute management skills and corporate direction led by veteran Murali Prakash continues to prove to be the right formula Subsequent to the transformation and repositioning of the Ambeon Group, which included restructuring of its diversified businesses to…
Video Story
