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Category: Business News

  • Government loan for Samurdhi Officers

    Social Empowerment and Welfare Minister S. B. Dissanayake stated that all officers in the Samurdhi scheme are entitled to receive an instant Rs. one million (Rs. 10Lakh) loan from the Samurdhi Fund. The Samurdhi Fund has exceeded Rs. 100 billion and all the Samurdhi officers can obtain a Rs. 1 million soft loan. Samurdhi officers…

  • Sri Lanka is to face huge traffic near soon and suggestion to avoid traffic in Colombo

    Motor Traffic Department of Sri Lanka has made a statement stated that they received 491,628 vehicles registration for first 8 months of this year. Last year first 8 month vehicle registrations were 429,556 and it has increase by 14.45% over the year. The highest numbers of vehicles registered this year were motorbikes and three-wheelers, which…

  • How to take ERP Loan of 30% before retirement

    Ministry of Labour stated that In pursuant to the Employees Provident Fund Act No. 15 of 19S8, as amended by the Act No. 02 of 2012, for each member of the Employees Provident Fund employed at present, release of thirty per cent (30%) of the sum having credited to his personal account, for the purposes…

  • Commercial Bank open its new Bank services in Maldives

    The Commercial Bank of Ceylon PLC has announced It is plans to extend their services to the Maldives following the receipt of regulatory approval. Commercial Bank of Ceylon PLC is a Sri Lanka’s largest private bank  have obtained an approval from both the Maldives Monetary Authority and the Central Bank of Sri Lanka to set…

  • Bus Fare for Kadawatha to Matara by Express Highway

    Kadawatha to Galle – Rs.400/- Kadawatha to Matara – Rs. 500/- Sri Lanka Transport Board (SLTB) formally known as CTB operaing luxury buses from Kadawatha to Matara from today 17th September 2015. Buses will be start from every hours to Matara and Galle from 6.30 in the morning. The bus fare will be Rs 400…

  • First Capital Equity Fund – Start your Unit Trust fund from Rs. 1,000/-

    This new open ended fund will invest in shares that are listed on the Colombo Stock Exchange and it is brought to you by the Unit Trust Fund Management Company that delivered the best fixed income returns in 2013 and 2014. The First Capital Equity Fund is regulated by the Securities and Exchange Commission of…

  • Free Wi-Fi around Colombo – Now Viharamahadevi Park covers Free WiFi

    The Colombo Municipal Council (CMC) had taken measures to install a Wi-Fi zone at the Viharamahadevi Park to provide free Wi-Fi facilities to people visiting there. The CMC said the project would be launched toda at the Viharamahadevi childrens theme park. Colombo Mayor A J. M. Muzammd together with chairman of SLT. P.G Kumarasinghe Would…

  • Launching of 100 MW Renewable Energy Projects

    Ministry of Power & Energy launched of 100 MW renewable energy projects on 10th July 2015, In line with the Energy Sector Development Plan 2015-2025 of the Ministry of Power & Energy, action has been taken to increase new Renewable Energy projects. The plan will guide the nation to develop its entire renewable potential while…

  • Ministry of Plantation Industries – Certified Price for Raw Rubber

    Rubber Development Department of Ministry of Plantation Industries Convenient way to obtain the certified Price of Rs. 350 paid to you for a Kilogram of Raw Rubber from 1st of July 2015. You have to fulfill the following requirement for that Possessing rubber cultivation with latex crop of less than 50 acres registered with Rubber…

  • National Botanical Gardens earns record revenue

    The Department of National Botanical Gardens recorded a revenue of Rs. 200 million from foreign and local tourists within the last six months. Nearly 935,000 local and 180,000 foreign tourists had visited the Botanical Gardens maintained by the Department at Peradeniya, Hakgala, Gampaha, Avissawella and Hambantota.