Category: Business News
Softlogic Capital PLC Reduction of Stated Capital Rs. 618.464 Billion
Softlogic announces to the Colombo Stock Exchange that the Board of Directors of Softlogic Capital PLC has resolved to effect a reduction of the stated capital of the Company. The reason for the reduction – To reduce the accumulated losses of the Company The proposed amount of the reduction of stated capital – LKR 618,464,000.00…
Colombo Stock Exchange Trade Summary – 5th February 2015
Colombo Stock Exchange (CSE) publish their trade summery for the 5th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE) Price Indices Today Previous Day All Share Price Index (ASPI) 7,047.31 7,000.06 S&P Sri…
New Hybrid car Prices of Toyota Hybrid Aqua, Toyota Hybrid Prius, Honda Hybrid Fit, Honda Hybrid Fit Shuttle, Honda Hybrid Vezel post budget – February 2015
After the new Budget proposals the Hybrid car prices are expected to be increase with suspension of tax relief on hybrid cars. The New prices are expected to be increase by Rs. 1 Million (1,000,000/-) to Rs. 1.5 Million (Rs. 1,500,000/-) for all Hybrid cars available in Srilanka. See below Table for the Current Prices…
Muhunthan Canagey is new CEO of Sri Lanka ICTA
Muhunthan Canagey, one among Sri Lanka’s young entrepreneurs has been appointed as the Chief Executive Officer of the Information and Communication Technology Agency (ICTA) of Sri Lanka. Muhunthan Canagey has over 20 years experience in Sri Lanka’s ICT sector and holds a Masters Degree in Information Technology. He is expected to enhance the ICTA’s role…
Green Light to Colombo Port City Project
The Cabinet of Sri Lanka has decided to continue with the Chinese government assisted Colombo Port City Project. This decision has been taken at the Cabinet meeting held in 5th February 2015. The China Communications Construction Company (CCCC) is one of the major investors in the Colombo Port City project which would reclaim land on…
Three-wheeler fares, Bus Fares and School Van fees reduce from today
Three Wheeler (Auto) fare reduction by 10% School Van Fate Reduction by 5% The Internal Transport minister has released a statement that In line with the government’s programme of providing relief to the public, three-wheeler fares and school van fees will be reduced by 10 percent and five percent from today (1st February 2015). He…
Pakistan looking forward USD 1 Billion trade with Sri Lanka
Sri Lanka ‘s second largest buyer in SAARC, Pakistan is set to push towards US $ 1 billion trade target, as the next step in boosting bilateral trade. The High Commissioner of Pakistan in Sri Lanka stated to the news that there is great upward trade potential that we can jointly explore beyond the current…
Srilanka Dual Citizenship open now for all Sri Lankans
Finance Minister Ravi Karunanayake presenting the interim budget 2015 said that the option of dual citizenship would be available to all persons of Sri Lankan origin and granted after due valuation. A payment of Rs. 500,000 will have to precede each individual request. Furthermore, provision will be made for foreigners seeking resident static in Sri…