Work In Sri Lanka (WISL), a volunteer-led brain gain initiative that aims to position Sri Lanka as an attractive work destination, for highly skilled individuals and high caliber businesses, will hold its quarterly meet up in Colombo today (Tuesday, 19 May) at 6.30 pm at Clique. This networking event is for people who have recently…
Dilith Jayaweera, the Joint Managing Director of TV Derana, has sent a letter of demand to the Director of MBC Network (Pvt) Ltd, Rajendran Rajamahendran, seeking Rs 2 billion in damage over alleged defamatory statements made against him on Sirasa TV. The same letter of demand has also been sent to Faraz Shauketaly who describes…
Colombo equity market started weekly operations on negative note where both counters shed returns amid the prevailing political uncertainties. Main index swung between gains and losses on Monday where index touched 7,277 mark in the opening hours. All share index marginally declined by 3.65 index points or 0.05% to end at 7,255.02 while 20-scrip S&P…
Lord Mayor of the City of London Alan Yarrow visited the Colombo Stock Exchange (CSE) and took part in the Market Opening Ceremony. Furthermore he also held discussions on the investment prospects of the Sri Lankan Capital Market and the potential for the growth of foreign direct investment under the new government. The British High…
A no confidence motion, signed by over 100 MPs, has been handed over to the Speaker against Finance Minister Ravi Karunanayake, Parliamentarian Ranjith de Zoysa told Ada Derana. The motion was handed over to Speaker Chamal Rajapaksa on Monday (18) afternoon. However, Minister Karunanayake during a press conference held last week insisted the United People’s…
* Planters’ Association describes CoP calculations to facilitate open discussion on key issues for estates To facilitate open discussion on the critical issue of cost of production (CoP) of tea and affordability of estate sector wages, the Planters’ Association of Ceylon has shared the relevant calculations in a media statement. The Association, which represents 22…
The number of subscribers for Sri Lanka’s pioneer paid-television network provider Dialog Television has reportedly passed the 500,000 mark. By end March 2015, the number of subscribers is 504,000 and Dialog TV says this is a 05 per cent growth when compared to the first quarter of last year. Dialog TV has been able to…
DFCC Bank PLC and DFCC Vardhana Bank PLC have made an application to the Central Bank of Sri Lanka seeking provisional approval for a merger. This follows a decision by the Boards of Directors that it would be in the best interests of the shareholders and other stakeholders of both banks to amalgamate DFCC and…
The Supreme Court has issued an Interim Relief Order temporarily suspending the Gazette notification issued by President Maithripala Sirisena cancelling the long term lease on an extent of land for the proposed Sampur Heavy Industry Zone in Trincomalee, which is considered the largest investment project in Sri Lanka. The Interim Order was issued by a…
The new government is preparing to offer the contract for the multipurpose transport hub and city proposed by the earlier government to be constructed at Makumbura in Kottawa funded by the Japan International Cooperation Agency (JICA), to Sierra Construction (Pvt) Ltd which has submitted the lowest quotation. Cabinet has approved the proposal in this regard…
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