China and Sri Lanka expressed full satisfaction with their cooperation on Norochcholai Coal Power Plant. In a meeting at the Ministry of Power and Energy recently on May 8, both Minister Champika Ranawaka and Chinese Embassy Deputy Head of Mission Ren Faqiang, spoke highly of the smooth operation of the country’s first coal power plant…
It welcomes and endorses the timely initiative taken by the Ministry of Finance to engage in a series of discussions with the public institutions and private sector to address the issues concerning the improvement of Sri Lanka’s Ease of Doing Business Ranking which now ranked at 99 among 189 countries, says the Joint Business Chambers…
R.A. Jayatissa has been appointed by the President as a member of the Monetary Board of the Central Bank of Sri Lanka with effect from April 10, 2015. Mr. Jayatissa has served as a Board Member in several institutions, including the People’s Bank, Sri Lanka Ports Authority, Sri Lanka Insurance Corporation, National Development Bank and…
Envoys of Switzerland, Bahrain and Croatia held discussions with the Ceylon Chamber of Commerce recently to find out ways and means of exploring trade, tourism and investment opportunities between Sri Lanka and those countries. The first to arrive at the Chamber was His Excellency Mr. Amir Muhareni, the Croatian envoy for most of the South…
Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced the launch of its money transfer service to Sri Lanka. Xoom has partnered with Sampath Bank, one of the largest banks in Sri Lanka, to offer instant deposits to Sampath Bank accounts in Sri Lanka. Furthermore, Xoom will also provide bank deposits within…
World renowned USA-based multinational company Honeywell International’s Chairman David M. Cote met Highways & Investment Promotion Deputy Minister Eran Wickremaratne for discussions recently. US Secretary of State John Kerry’s recent visit to Sri Lanka had provided the background to these discussions. Honeywell International is a huge multinational business conglomerate with annual earnings of around USD…
Colombo equity market started weekly operations on positive note where both counters witnessed marginal returns. Bourse swung between gains and losses on Monday where main index touched 7,209 mark in the opening hours. All share index managed to gain 1.16 index points or 0.02% to end at 7,213.63 while 20-scrip S&P SL index advanced by…
DFCC Bank PLC and National Development Bank PLC (NDB) announced that DFCC, DFCC Vardhana Bank PLC and NDB have jointly agreed to terminate the Memorandum of Understanding (MoU) entered into on 24 March 2014 related to the intended amalgamation of DFCC, DVB and NDB with effect from 11 May 2015. The termination of this MoU…
Beruwala Resorts PLC has entered into a Cooperation and Marketing Services Agreement with Germany’s DER Touristik Koln GmbH (DTK) with regard to The Palms Hotel in Beruwala. Under this agreement The Palms Hotel would be re-branded as ‘COOEE The Palms.’ The COOEE brand represents a chain of international motif hotels which DTK is developing through…
Sam Samarasinghe is a Consultant Engineer. He has provided consultancy services to Singapore’s unique leader Lee Kuan Yew when he was building the city state. He is an intellectual who has also been involved in Malaysia’s infrastructure development process. This is an interview with him:
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