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 Criteria:

  • Foreign Citizens & Entities
  • Non – Residents of Sri Lanka
  • Sri Lanka Dual Citizens
  • Non – Resident Foreign Currency (NRFC)
  • Resident Foreign Currency (RFC)
  • Resident Non – Nationals Foreign Currency (RNNFC)
  • Foreign Exchange Earners Accounts (FEEA)
  • Authorised Dealers in Foreign Exchange
  • Primary Dealers in Government Securities
  • Board of Investment of Sri Lanka Approved Companies
  • Specified Insurance Companies
  • Licensed Specialised Banks and Licensed Finance Companies
  • permitted to accept foreign currency deposits

Now open for subscription through First Capital Treasuries PLC Contact: +94 11 2639881, 2639889, 2639885

For more details see below image

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

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

Ticket Price: Rs. 3,500/-

This would usefull for businessmen, Financial analyst and those who key concern on budget 2016.

For more details contact to The MBA Alumi Association University of Colombo on 0772 224 994 or see below image

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

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 Development Bank in January about the project. Initially, ADB informed that they would support the project, but the it is necessity to clarify the exact nature of assistance and finalize the agreement.

The feasibility study on the construction of a 10km railway line would be based on the recommendations of a steering committee which had been appointed with the participation of the Transport Ministry, Sri Lanka Railways and Urban Development Authority officialsand the railway project would cater to over 20,000 government servants who travel to and from Battaramulla daily as most of the government institutions are now located in Battaramulla.

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 now in talks with an Asian counterpart to get this project of the ground at least now and this MRO will help the bottom line of the airline to a great extent as they could harness big business due to SriLankan Engineering’s track record.

He further said Srilankan Airlines are going to re-evaluate to begin domestic operations next year by acquire two 40 seater aircraft for this operation and hope to operate regular flights to selected domestic airports out of total 12 domestic airports in Sri Lanka. and with increased tourism we see great potential in this project.

Commenting on the re fleeting of the airline by the end of this year they will have seven new aircraft increasing the total fleet to 20. In the next two years we will get eight more. Subsequently all ageing A340 aircraft will be retired and Sri Lankan will have a fleet less than 3 years of age. All these aircrafts will be for SriLankan Airlines and not for Mihin.

With the new aircraft the national carrier will add more frequencies to key destinations. The airline may not look at new routes but will increase frequencies to existing destinations that include China, London and India.

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 mission to build a mega township development project which would be one of the biggest in South Asia.

The official said We are keen to create a new city in the Western Province in an area of around 300 hectares of land. He further said that with the new political developments, Korea Sri Lanka relations have reached a new dimension and they were also very impressed with the concept of Megapolis. This is the new trend of the world and we are happy to note that this is being followed by Sri Lanka even at this late stage.

The official said that they would clear the given land and have modem infrastructure in place for a ‘Mega City’ and then invite Korean and other investors from around the World to build housing, recreation, commercial and other facilities in it.

The company, then plans to link the proposed ‘City’ with a speed train which too would be included under the project. And ministry also said that they have similar projects located 50 km off the capital and they are connected with a speed rail link. Due to this link a resident in the ‘Township’ could get to the Capital in less than 20 minutes.

He said this proposed ‘Mega City’ would be self sufficient in every need of a modem population. ‘The project would have its own sewerage and garbage clearing system. They would also generate electricity from this waste and give it back to the Mega City.”

“Security too would be a prime concern and special cameras would be installed to even track each vehicle entering and departing. This would be based on vehicle registration number plates.”

Another first for Sri Lanka would be the special bus and speed train service where the station and the bus stand would have the route, arrival and departure times of each bus/train on a digital screen. He also disclosed that Indian Prime Minister, Narendra Modhi too had requested them to build six similar models in India and they are currently engaging this.

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 can utilise this soft loan for house constructions, other development activities or to settle a loan, which they have already obtained.

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 be present to inaugurate the Wi-Fi zone to the use of the public thereafter.

The Wi-Fi facility and the equipment for it were provided by the Sri Lanka Telecom (SLT) on a request made to it by the CMC.

The government had previously established Wi-Fi zones at 26 public locations including the Fort Railway Station, Pettah Public and Private Bus Stand, the Pettah Floating Market, Colombo Law College, Colombo Public Library, Dehiwela Zoo, Colombo Racecourse, Colombo Police Headquarters, Galle Face Colombo, Foreign Employment Bureau in Battaramulla and Colombo Museum.

 

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