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Category: NEWS

  • Government to grow 10,000 HA rubber in north-east

    Sri Lanka would add 10,000 hectares of rubber plantation to the North East in three years, said Minister of Plantation Industries Mahinda Samarasinghe. Speaking at the 95th Annual General Meeting of Colombo Rubber Traders Association at JAIC Hilton, he said that plans were mooted to complete 1,000 hectares by the end of 2013. The Minister…

  • Floating market, latest attraction in Colombo

    The construction of the floating market at Bastian Mawatha, which is part of the Colombo City Development Project, implemented by the Urban Development Authority is complete. Thousands of people including foreigners visiting Colombo can buy products at this market where 92 stalls have been set up to sell local products. This floating market also targets…

  • A floating market on the Beira, Colombo

    The first ever floating market in the county is to be declared open soon, the Urban development Authority (UDA) said. The market situated in Pettah is being constructed on the Bara Lake adjacent to Bastian Mawatha in Pettah. The UDA had earlier plumed to open the market before the Sinhala & Tamil New Year but…

  • Central Bank of Sri Lanka Licensed Commercial Banks, Special Banks and Finance Company – Name List attached

    The Central Bank is authorized to regulate and supervise the below named institutions in order to promote prudence in their business operations and thereby safeguard the deposits of the public. However, the Central Bank does not have legal authority to guarantee deposits or assure that any such institution will never fail. The Central Bank has…

  • Trainer aircraft lands safely at Ratmalana airport minus a wheel

    A Cessna 152 private training aircraft which lost one wheel in midair landed safely at the Ratmalana Airport last morning. The pilot was flying over the southern expressway when the aircraft encountered the snag. the pilot informed flight control at Ratmalana that he was coming in to land minus a wheel. Emergency teams were on…

  • Micro IPO for Rs 1.5Billion

    Sri Lanka’s only car manufacture, Micro Care Limited is to float at an Initial Public Offering to raise Rs. 1.5 billion. This is to raise funds for their proposed car assembly factory which is being built at Hambantota. “We have obtained all the necessary approvals to launch this IPO, said Chairman CEO, Micro Cars, Dr.…

  • Prof. Uditha Liyanage has been appointed to the Board of Singer (Sri Lanka)

    Prof. Uditha Liyanage has been appointed to the Board of Singer (Sri Lanka) as an Independent Non Executive Director. Prof. Liyanage holds the oosition of Professor of Management Postgraduate Institute of Management, University of Sri Jaye-wardenepura and Adjunct Professor of Management of University of Canberra, Australia. He counts over 15 years expenence in the industry…

  • Twin Elevator in Srilanka for the first time

    Back to the future, the idea of having an elevator with two cabs operating independently in the same shaft is not a new one – the original idea dates back to 1931. But it took our 21st century technology to make the idea viable and turn it into reality Extraordinary Engineering, a highly developed control…

  • Nawaloka to open first regional hospital in Negombo

    Nawaloka Hospitals PLC is to open its first regional hospital in Negombo next month, in a bid to expand its healthcare operations regionally, According to Nawaloka Hospitals Director/General Manager a 50-bed hospital will be equipped with all diagnostic facilities, a fully equipped ambulance service, a labour room, a 24-hour pharmacy, patients rooms and ample parking…

  • Investment forum on Myanmar in Sri Lanka on 12th June 2014

    Discover the enormous potential of Myanmar businesses, Investment forum on Myanmar in Sri Lanka (IFMSL 2014) Invited speeches from government officials and industry experts Panel discussion to ask your questions One on one meetings Network session with experts Dinner reception   Limited seats only Rs. 15,000/-per head Rs. 12,000/- for ICC Members (Special discount for…