Sam Samarasinghe is a Consultant Engineer. He has provided consultancy services to Singapore’s unique leader Lee Kuan Yew when he was building the city state. He is an intellectual who has also been involved in Malaysia’s infrastructure development process. This is an interview with him:
The latest luxury SUV of iconic motoring brand, Land Rover, has now reached Sri Lankan shores. Through SML Frontier Pvt Ltd, the sole agents of Land Rover in Sri Lanka, the all-new Discovery Sport has been made available to the brand’s ever-growing customer base across the island. The vehicle is an imposing SUV that has…
The Consumer Affairs Authority (CAA) has introduced regulations making it mandatory for vehicle and land sale advertisements over the media (print, electronic) to carry the prices of the particular vehicle or land is to be sold at. CAA Director General J.M.A. Douglas told www.adaderanabiz.lk that the correct price of the vehicle or land to be…
Japan’s biggest car manufacturer, Toyota, has posted a year-on-year 19% rise in net income for the 12 months to March, beating expectations. The result comes from stronger sales in the US, together with a weaker yen. The firm said net income increased from 2.1733 trillion Japanese yen ($18.1bn; £11.7bn), up from 1.8231tn yen a year…
To woo the island nation of Sri Lanka, China lent more than $200 million to fund a new airport built by then-President Mahinda Rajapaksa near his hometown. It wasn’t one of the Chinese government’s better investments. Mattala Rajapaksa International Airport opened in 2013, but two years later there is only one scheduled daily flight, on…
Following the recent USD 400 million currency swap facility provided by India, Sri Lanka’s foreign reserves which stood at USD 6.8 billion during last March has increased to USD 7.4 billion by last April, indicates latest data from the Central Bank of Sri Lanka (CBSL). The CBSL has said that hence, Sri Lanka’s foreign reserves…
Colombo stock market wrapped the weekly operations on a negative note where both counters shed marginal returns. Bourse swung between gains and losses where main index crossed 7,228 mark in the opening hours. All share index marginally declined by 0.43 index points or 0.01% to end at 7,212.47 while 20-scrip S&P SL index shed 0.92…
ONYX Hospitality Group has unveiled its second OZO property in the popular leisure destination of Kandy. OZO Kandy is located just minutes from the town centre and offers uninterrupted vistas of Kandy Lake and the surrounding hills, including Knuckle Mountain. The last international hotel brand to enter Kandy was in 1981 and since then the…
Lee Hedges Investments Ltd, a subsidiary of Lee Hedges PLC has entered into an agreement with Tudawe Brothers (Private) Limited to award it the contract of constructing the proposed multi-storied Mixed Development Project at No. 349, Galle Road, Colombo 3 at a contract cost of over Rs. 978 million. Below are the details of the…
Following a review of the management structure of the overall operations of Singer Asia Limited, Singer (Sri Lanka) BV which is the parent company of Regnis (Lanka) PLC, Singer Industries (Ceylon) PLC and Singer (Sri Lanka) PLC, has offered to sell its controlling interest in Regnis (Lanka) PLC and Singer Industries (Ceylon) PLC to Singer…
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