Category: Business News

  • Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond

    First Capital Treasuries PLC invites potential investors in Sri lanka and aboard to invest on US$ 150 million Sri Lanka Development Bond. This Sri lanka Development Bond is a Risk – free, Tax – free, Higher rates than bank deposits and  its available for the period of 3Months, 6 Months, 1Year and 2 Years. Eligibility…

  • Sri Lanka Electricity Board Emergency Number: 1987

    The Ceylon Electricity Board had activated a new hotline number of 1987 from any telephone lines, this hotline would cater to all your problems of electricity power failure, blackout, electric shortage and all other electricity issues. This Hotline Number have been announces after the several issues face by public to calling to electricity board when…

  • New Airports to build in Sri Lanka

    Ministry of Transport and Civil Aviation said an airport was to be constructed in Haputale under a scheme to develop domestic air travel in the country very soon. As per the budge reading there are 4 new airports to be build in Srilanka for focusing more into tourism and local transport. Such as Haputale, Puttalam,…

  • New Terminal Building to construct for Bandaranaike International Airport

    Transport and Civil Aviation Ministry Nimal Siripala de Silva said a new terminal building will be built at the Bandaranaike International Airport (BIA) at a cost of Rs. 65 billion. He further state that the present terminal building can accommodate only six million passengers. Where the BIA capacity is not sufficient to handle all passenger…

  • New Vehicle Prices after Budget for 2016

    As expected the new government budget for 2016 introduce new valuation system for imported vehicles, this valuation lead to increase prices of imported vehicles by Rs. 200,000 up to Rs. 2.5 million. The new valuation system was introduced recently taking full option manufacturers price as the tax base and the Finance Minister Ravi Karunanayake said…

  • University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake

    The MBA Alumi Association University of Colombo organized a forum of Budget 2016 with the Finance Minister, Hon. Ravi Karunanayake & key industry leaders at the Post-Budget forum. Take part of this forum and knew unseen background of Budget 2016 and thoughts of industrial leaders. Date: 24th November 2015 Time: 9am to 12pm Venue: Hotel Galadari…

  • Maradana to Battaramulla Train Service about to start in January 2016

    The newly proposed Maradana to Battaramulla railway line hoping to reduce heavy traffic from maradana, boralla, rajagiriya and battaramulla. The government is considering its options in obtaining financial support from Asian Development Bank (ADB) to construct a new railway line from Maradana to Battaramulla. Official stated that government is planning to negotiate with the Asian…

  • SriLankan Airline New Business Strategies of MRO and Domestic Flight services

    SriLankan Airlines will negotiate with an Asian based air service company to begin a Maintenance, Repair and Overhaul (MRO) centre at the Mattala airport in Hambatota. SriLankan Airlines Chairman Ajith Dias states proposal for an MRO at the Mattala international airport was in the pipeline for several years but it never got off. We are…

  • Korean company keen to start Mega City project in Sri lanka

    Top officials from one of the world’s leading township developers, Korea Land and Housing Corporation were in Sri Lanka looking for a township development project to the value in excess of USS 5 billion. The team met senior officials of the Megapolis Authority last week and informed that they are here on a fact finding…

  • Solar power electricity for over 800 houses in Hambantota

    The solar power plant set up at Buruthakanda in Hambantota under the clean energy programme supplies electricity to over 800 rural houses. This is to fulfill the target is to achieve 10 percent of power generation using renewable energy. The pilot project will try to realize the full potential of solar energy by mitigating risks…