The order of eviction issued by the Mallakam Magistrate against the Northern Power Plant in Chunnakam preventing its employees from reporting to work has been vacated by the Court of Appeal. The order will be in effect from Monday 06 April. The Jaffna High Court on 20 February allowed the Northern Power Co (Pvt) Ltd’s…
Some allege that the incumbent government does not construct any roads or highways. However, since the good governance government cannot construct road like the former government, certain systematic methods are being planned in the construction and development of roads to eliminate fraud and corruption, said the Highways and Investment Promotion Minister. Highways and Investment Promotion…
Asiri Hospital Holdings PLC has appointed its Executive Director Dr. Karunamuni Manjula Prasanna Karunaratne as the Group Chief Executive Officer of the Asiri Group of Hospitals with effect from 01 April 2015.
Renuka Organics Private Limited, a subsidiary of Renuka Agri Foods PLC has subscribed to 9,899,985 shares at Rs. 20 each of Kandy Plantations Limited on 31 March 2015. The value of the shares is Rs. 197,999,700 which is equivalent to 93.6 per cent issued shares of Kandy Plantations Limited. Renuka Organics Private Limited has also…
At the cusp of realizing its Sustainability Vision of becoming the most sustainable five star city hotel by 2015, Green Globe certified Cinnamon Grand today holds the pioneering stance of being the country’s most intelligent building. The state-of-the art-Schneider Building Management System (BMS) is the first in a hotel in South Asia, controlling, monitoring and…
A sporting icon, a legend and a genius came together today to launch the all-new 2016 Kia Sorento SUV in Colombo, an automotive icon in its own right, and the drive that the extraordinary trio have in common. Driven on to a stage in the packed ‘Oak Room’ at the Cinnamon Grand, Kumar Sangakkara, MuttiahMuralitharan…
The Sri Lanka-China Business Council (SLCHBC) facilitated a business meeting with a visiting delegation from Shandong Province of the People’s Republic of China on the 27th of March 2015. This is the third such visit from a Chinese delegation this month, with visits from the China Pacific Economic Cooperation CEO Forum and the Shenyang Province…
Colombo stock market continued the optimistic sentiment and started the month of April with hefty returns on Wednesday. Main index bagged 95.74 index points to witness sharp increase of 1.40% to end at 6,916.08 while 20-scrip S&P SL index gained 48.24 index points or 1.25% to close at 3,900.67. Index performance was mainly led by…
The Association of Commercial Bank Executives and the Commercial Bank branch of the Ceylon Bank Employees’ Union (CBEU), two trade unions representing nearly 80 per cent of the employees of the Bank have jointly written to the Director – Bank Supervision of the Central Bank of Sri Lanka (CBSL) expressing their concern over recent proposals…
Two trade unions of the Commercial Bank have jointly written to the Director of the Central Bank of Sri Lanka’s Bank Supervision Department to withdraw the government notice for Commercial Bank Chairman Dharma Dheerasinghe to resign and if not, the unions would resort to legal action, say reliable sources. Following recent written instructions from the…
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