Ananda Wimalasena has been appointed Chairman of the Sri Lanka Aviation Authority. He was formerly the Chairman of the Airport and Civil Aviation Company and the State Pharmaceuticals Corporation of Sri Lanka. Ananda Wimalasena is an accountant by profession.
By Anusha Ondaatjie Sri Lanka will issue a fresh international tender for offshore oil and gas blocks after billionaire Anil Agarwal’s Cairn India Ltd. relinquished its exploration rights in the South Asian island. Cairn will be “departing in a couple of weeks” after coming to an agreement with the Sri Lankan government, petroleum minister Chandima…
The prices of motor vehicles in Sri Lanka including SUZUKI, HONDA and NISSAN vehicles have hugely increased due to the increase in Customs levies. While the price of a HUSTLER HYBRID 650 CC vehicle has been increased by Rs. 273,000 a WAGON R HYBRID 650 CC is up by Rs. 210,000, an EVERY PETROL VAN…
Colombo bourse slumped on Tuesday where the index failed to retain the momentum gained in the opening hours of the session. Concerns on economic conditions and budget proposals which is due on next month, are seemingly keeping the investors on the side lines. All share index declined by 21.55 index points or 0.30% to end…
Latest data from JB Stockbrokers reveal that the highest number of electric motor vehicles that have been registered in Sri Lanka within a month was in September this year. There have been 471 electric motor vehicles registered during September where as during September last year only 15 such vehicles had been registered. A significant feature…
Economist Angus Deaton has won the 2015 economics Nobel Prize for his work on consumption, poverty and welfare that has helped governments to improve policy through tools such as household surveys and tax changes. The Royal Swedish Academy of Sciences said the British-born microeconomist’s work had been a major influence on policy making, helping for…
Colombo equities swung between gains and losses on Monday to start the weekly operations with flat returns. Benchmark ASI bagged 20.34 points in the morning session but failed to sustain the momentum in the latter part to close at 7,100.00 with a marginal gain of 3.94 points or 0.06%. S&P SL 20 index lost 3.58…
Senior state official T.G. Jayasinghe has been appointed Chairman of Ceylon Petroleum Corporation (CPC) while chairman of SMS Holdings Shehan Seneviratne has been appointed as chairman of Ceylon Petroleum Storage Terminals Limited. Mr. Jayasinghe is a former secretary of the Finance Commission of Sri Lanka and also the Tertiary and Vocational Education Commission. Shehan Senevirathne…
Showing their keenness in buying motorcars before the price hikes, Sri Lankans have created a record by making September 2015 as the month where the highest number of motorcars has been registered in Sri Lanka within a month. While latest data reveals that 14,301 motorcars have been registered in September 2015, this is the highest…
Laugfs Gas PLC has acquired 1,886,211 or 69 per cent of the total issued shares of Petredec Elpiji Limited for USD 18.75 million. Petredec Elpiji Limited is the third largest operator engaged in down-streaming Liquefied Petroleum Gas (LPG) in Bangladesh.
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