The New Zealand Trade Commissioner for New Delhi and Colombo Kevin Mckenna, recently visited the Ceylon Chamber of Commerce to discuss ways and means of exploring potential investment and trade opportunities between Sri Lanka and New Zealand. During the discussion held with Mangala Yapa, CEO / Secretary General of the Ceylon Chamber of Commerce, Mckenna…
Rajakaruna brings with him over 40 years of varied international experience covering UK, Europe, USA, Scandinavia, South Africa and Asia all with Citibank during which period he performed several roles relating to corporate banking, risk management, finance, marketing, product management and treasury activities. With a proven track record in balancing earnings and risk, Mr. Rajakaruna…
In this age of political Lilliputians, we must acknowledge the passing of giants. Although he ran only a small city-state, Lee Kuan Yew, along with late Chinese Premier Deng Xiaoping, ranks among Asia’s most pivotal figures of the past 50 years. These two men — a tall, aristocratic scion of a Hakka trading family and…
Lal Nanayakkara and Anton Godfrey have been appointed to the Board of Directors of the Colombo Stock Exchange (CSE) with effect from March 20, 2015. Lal Nanayakkara served as a Board Member of the Securities and Exchange Commission of Sri Lanka (SEC) from 1998 to 1999. He was elected President of the Institute of Chartered…
* Optimistic that further investigations will vindicate baseless accusations The announcement that regional groundwater in and around Chunnakam, Jaffna, does not consist dangerous pollutants was a great relief to the public and is a major step in the positive direction, opined MTD Walkers PLC – the parent company of Northern Power Plant of Chunnakam, which…
Colombo bourse finished the week on a mixed note in another trading session marked by thin trade as investors opted to stay on sidelines amid the developments in the political and economic fronts. The main index remained in the negative territory for most of the trading session but managed to close 7.88 points (+0.1%) higher…
While showing grave concerns on the loss of Rs. 35 on rubber and Rs. 30 on tea per kg sold last year, the Planters’ Association of Ceylon elaborates on the present issues in the plantation sector, particularly with regard to the decline in the price of tea and rubber despite high production costs. In a…
The temporary suspension of the Port City project in Colombo has put lot of Chinese investors in uncertainty regarding the Sri Lankan investment policy. The Sri Lankan media delegation currently visiting China was faced with a series of questions from Chinese investment giants such as China Harbour Engineering Company (CHEC), which is constructing Sri Lanka’s…
As ICT exports are projected to top $1Bn this year, Sri Lanka has launched the latest ICT Value Survey to find the national hi-tech exports it achieved in 2013/14-and all the ICT exporters are encouraged to actively take part in it. “We have recognized the ICT industry to be a key player in our exports….
A decision has been taken to cancel the USD 85 million contract to Access Engineering Limited for the extension of the Katunayake International Airport runway, said Cabinet spokesman Health & Indigenous Medicine Minister Dr. Rajitha Senaratne. Minister Senaratne said during the media briefing to announce Cabinet decisions that Access Engineering did not have the required…
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