The Steuart by Citrus, the latest addition to Colombo City’s tourism offering will be declared open today (26 June) President Maithripala Sirisena. Located at the very heart of Colombo, The Steuart will operate as a boutique business hotel offering the convenience of its prime location coupled with true Sri Lankan hospitality and traditional Scottish charm….
The government has prepared a working capital loan scheme for tea factories inconvenienced due to the crisis situation in the world market. This loan scheme for all tea factory owners would be implemented through all state and commercial banks while the government has promised the relevant banks of a 02 per cent interest relief to…
In a bid to take a seriously ill patient or an accident victim to hospital within the first 30 minutes, the government is to begin an emergency ambulance service for rural areas while utilizing 297 ambulances. While a similar ambulance service is operative in India, the assistance to begin such a service in Sri Lanka…
AIA Insurance (Lanka) PLC has appointed William Lisle (Bill Lisle) as Chairman/Director with effect from 22 June 2015. He replaces Gordon Timmins Watson. He will be a Non-Executive, Non-Independent Director. The reconstituted Board is as follows: William Lisle (Bill Lisle) Chairman Non-Executive, Non-Independent Director; Mitchell David New, Non-Executive, Non-Independent Director; Manoj Ramachandran, Non-Executive, Non-Independent Director;…
Mariah Carey’s new beau James Packer wants to marry her. The ‘#Beautiful’ hitmaker, who split from Nick Cannon last summer after six years of marriage, and the Australian billionaire have only been dating since last week, but they are reportedly already talking about exchanging vows. A source close to the 45-year-old singer told gossip website…
Colombo shares ended in negative territory on Thursday continuing the bearish momentum. The main index started with positive returns but closed in the red zone recording a loss of 22.50 points or 0.32% to end at 7,031.33 while S&P SL 20 index lost 14.34 points (-0.37%) to end at 3,913.06. Today’s losses were mainly driven…
Waterfront Properties (Private) Limited, the subsidiary controlled by John Keells Holdings PLC has finalized a syndicated project development facility amounting to USD 395 million with the Standard Chartered Bank thus concluding the required debt financing for the project. John Keells’ Waterfront Project situated in a premier location of Colombo includes a 6 star hotel, apartment…
The World Bank Board approved a $50 million credit to improve the quality and increase equitable access to Early Childhood Development (ECD) services in Sri Lanka. Early investment in human capital development is particularly effective at increasing the ability of disadvantaged children to access learning opportunities. It will also contribute to improve learning outcomes and…
The Central Bank of Sri Lanka, through a media release clarified the recent appointment of its Governor and also the alleged controversy on the issue of currency notes bearing his signature. The statement in full: The Central Bank of Sri Lanka wishes to inform the general public of the position on the validity of the…
On 04 July President Maithripal Sirisena would inaugurate the project to extend the present stretch of the Southern Expressway from Kottawa to Godagama in Matara, said Highways and Investment Promotion Minister Kabeer Hashim. While speaking in Colombo today, he said work on the 9.32 kilometre stretch of the third phase of the Outer Circular Highway…
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