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Category: Business News

  • Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014

    Candor Asset Management (Private) Limited announces a dividend of Rs. 1.00 per unit to the Unit Holders of Amana – Candor Shariah Balanced Fund whose names appear in the unit holder register as at 10th March 201 5. Candor Asset Management (Private) Limited and the Shariah Supervisory Council of Amana Capital Limited hereby inform all…

  • Ratmalana Airport to be used for more civilian transportation related to tourism

    The government has drawn attention to utilize Ratmalana airport for inland civil passenger transportation. Ports Shipping and Aviation Minister Aijuna Ranatunga said. The government will look into possibilities to carry out inland passenger transportation from Ratmalana airport as far as such activities do not affect the national security, Under this, flights will be operated to…

  • Work on Colombo-Kandy highway to start soon

    Construction work on the Colombo-Kandy highway will begin immediately, Road Development, Higher Education and Investment Promotion Minister Kabir Hashim who was speaking in Parliament informed that government would start construction work on the Colombo-Kandy highway soon. The Minister said the matara-Beliatta-Hantantota stretch of the Southern Highway will also begin soon after negotiations with the contractors…

  • Bank of Ceylon Branch to be open in Bangalore in India

    Bank of Ceylon is planning to open their second overseas branch in India this year. This will be in Bangalore. The Bank also opened a branch in Seychelles last year. In addition to the local presence, the bank maintains an off-shore banking units in Male, London and Chennai. Senior banker and BOC General Manager, D…

  • Government to develop a new national policy for tourism industry

    Plans are under way to prepare a new national policy for the tourism industry in Sri Lanka, Tourism and Sports Minister Navin Dissanayake said. Dissanayake said it has been decided to introduce a three year strategic plan related to the new national policy on tourism. We decided to introduce a new national policy for the…

  • Indian Government will build 4000 houses for plantation workers

    The construction of 4,000 housing units for needy families in the Plantation Sector, sponsored by the Indian Government, is slated to begin in March, Estate Infrastructure Development Minister P. Digambaram said. The minister said the construction of the houses for estate workers in the Central Province and Badulla district will be flagged off next month…

  • Central Bank News Alerts on mobile for Dialog Customers

    If you’re a dialog customer Type “REG CBSL” Send to 77000 to subscribe to the SMS news Alerts on the Daily Exchange Rates, Sri Lanka Interbank Offered Rates, Open Market Operations, Treasury Bill and Treasury Bond auction, Inflation and Monetary Policy Review issued by the Central Bank of Sri Lanka. Charges: Monthly 30 Rs +Tax

  • New Board of Directors for the Lanka Hospitals Corporation PLC

    Lanka Hospitals Corporation PLC announces their new Directors appointed to the Board of The Lanka Hospitals Corporation PLC, effective from 3rd March 2015. Sarath Paranavitane as an Independent Non Executive Director and the Chairman of the Company Damien Fernando as an Independent Non Executive Director Dilani Lokuhetty as an Independent Non Executive Director Rohan L…

  • Malaysia Keen on Bidding for Northern Highway of Sri Lanka on Build Operate & Transfer Basis

    Dato’ Seri S. Samy Vellu who is the Senior-Ministerial ranked Malaysia’s Special Envoy of Infrastructure for India and South Asia attached to the Prime Minister’s Office  have stated that Malaysia is willing  to bidding for the Northern Highway on a Build Operate & Transfer (BOT) basis. We want to do a good job if we…

  • Central Bank of Sri Lanka waiting for right time to rise up to US $1.5billion bond

    Sri Lanka Central Bank Governor Arjuna Mahendran said to news that the Sri Lanka is waiting for the right time to launch a sovereign bond of up to US $1.5 billion, possibly with a longer tenure to roll over its debts in 2015. The island nation’s last sovereign bond of US $500 million was priced…