President Maithripala Sirisena in his capacity as Minister of Mahaweli Development and Environment has proposed the implementation of the method prepared with the consent of the officials from the Department of Forest Conservation, the Department of Wildlife Conservation and the Biodiversity Secretariat to enforce necessary actions for the conservation of the Gyrinops walla plant, popularly…
The government is to steel flyovers to ease the traffic congestion in the Colombo city and suburbs. Initially, three such flyovers are to be constructed; one at Welikada Junction in Rajagiriya which would be a four-lane flyover and the other two being two-lane flyovers over the railway crossings at Ganemulla and Polgahawela. The government is…
Wasana Trading Company is preparing to establish 100 re-charging centres island-wide where electricity could be obtained to re-charge electric vehicles as easy as at home. While commenting on this, Wasana Trading Company Director Indika Sampath Merinchige said steps are being taken to establish these ordinary re-charging centres at places like restaurants, supermarkets etc where people…
The world’s biggest automaker, Toyota, is recalling about 625,000 hybrid cars around the world to fix a software glitch. A fault in the software could lead it to shut down the hybrid system while the car is being driven, it said. Models affected by the recall include Prius V minivans, called Prius Alpa and Prius+…
Samsung has lifted the veil on a new Galaxy smartphone that is thinner than any other device the smartphone maker has ever produced. The Galaxy A8, which is only being released in China, measures just 5.9mm thick and features a 5.7 inch 1080p HD display. Its predecessor, the Galaxy A7, measured 6.3mm thick. The A8…
Fitch Ratings Lanka has assigned People’s Leasing & Finance PLC’s (PLC, B+/AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR6bn an expected National Long-Term rating of ‘AA-(lka)(EXP)’. The final rating is contingent on the receipt of the final documents conforming to information already received. The issue is expected to have tenors of four and five…
Sri Lanka’s President Maithripala Sirisena visited the Central Bank of Sri Lanka (CBSL) on 9th July 2015. He was accompanied by Prime Minister Ranil Wickremesinghe. They were jointly received by Governor Arjuna Mahendran, members of the Monetary Board and the senior management of CBSL. A new silver coin minted for the 150th Birth Anniversary of…
Though the government was successful in adopting the 19th Amendment to the Constitution, it has failed to bring in the Audit Bill needed to eliminate corruption and establish a better monetary management and discipline, says President Maithripala Sirisena. During his special address on 14 July, he stated that when referring to Sri Lanka’s government sector…
People’s Leasing and Finance PLC has taken over as Managing Agents of People’s Merchant Finance PLC with effect from 14 July 2015.
* Clean Zone’ initiative promoting proper garbage disposal launched at two locations Softlogic Finance PLC has extended its ‘Clean Zone’ community initiative which is intended to enhance the cleanliness of the environment – by supporting proper disposal of garbage, for the benefit of the residents of the fast-growing Jaffna peninsula. Coinciding with the opening…
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