There is strong opposition currently brewing up towards the CEPA or Comprehensive Economic Partnership Agreement to be signed with India. While the signing of this agreement had been abandoned earlier due to such protests, during his recent visit to Sri Lanka, Indian Prime Minister Narendra Modi pointed out that signing this agreement was important. Meanwhile,…
The Supreme Court of Sri Lanka today rejected the Fundamental Rights (FR) petition seeking an independent inquiry into the controversial Central Bank Treasury bond issue and it’s Governor Arjuna Mahendran. Central Bank Governor Arjuna Mahendran, who was accused of being involved in irregular activities in the bond issue due to his son-in-law’s family firm securing…
Following the opening and marketing of a new boutique hotel in Trincomalee calling itself the ‘Calamander Bay’, The Calamander Group has clarified that this new hotel and its owners have nothing to do with the Group. A spokesman for Calamander stated: “The Calamander Group has no association of any sort with the boutique resort calling…
The issues with India’s Tata Housing have resolved through discussions and the company would continue its construction work on the housing project at Slave Island (Kompannaveediya), said the Finance Minister. Finance Minister Ravi Karunanayake said that Tata Housing representatives held discussions with him and that during this meeting they had agreed to bring in more…
Hemas Hospitals announced the appointment of Dr. Lakith Peiris as the Managing Director of Hemas Hospitals with effect from 01 April 2015. He will overlook the three Hemas Hospitals at Wattala, Galle and Thalawathugoda and their 32 laboratories around the country. Dr. Peiris is a well-known leader in the healthcare industry having been the CEO…
Colombo bourse closed on positive note on Tuesday amid positive earnings and dividend announcements. The main index notably advanced by 44.98 points or 0.62% to record a nearly 10 week high of 7,258.61 while S&P SL 20 index record a nearly one month high of 4,073.56 with a gain of 12.52 points (+0.31%). Today’s gains…
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…
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