Tag: Sri Lanka Business News
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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…
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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…
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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…
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Impact the Ban of Sri Lanka Fishery Product Exports to Europe
The European Commission has stated that the ban on the purchase of fishery products from Sri Lanka imposed since the island had failed to take necessary steps to halt the fishing while violating maritime boundaries and several conditions imposed by the European Union. Sri Lanka has export around 1,500 tonnes of Sri Lanka fishery products…
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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…
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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…
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New Restoration of Fairness in Sri Lanka Law College Education System
Leading lawyer and Justice Minister Wijeyadasa Rajapakse stated that with the removal of Mohan Pieris as Chief Justice and Head of the Incorporated Council of Legal Education (ICLE), the Council under the new Chief Justice would restore the previous regulations and address the main concerns of the Sri Lanka Law College students. He said many…
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Sri Lanka New Chief Justice K. Sripavan biography
Justice Kanakasabapathi Sripavan took oaths as the 44th Chief Justice before president Maithripala Sirisena yesterday. Chief Justice Sripavan is the second Tamil to hold this prestigious post. The first Tamil to hold this post in Sri Lanka was Suppiah Sharvananda, who served between 1984 and 1988. Chief Justice Sripavan born on February 29, 1952 had…
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Srilanka Waterfront Project continue as Cinnamon Life
John Keells Holding PLC’s subsidiary project of Waterfront has been renamed as “Cinnamon Life” and continue their project as planned. The project is expected to restrict the ability to rent space for gaming activities but it is to developed as both residential and commercial space with iconic design which believes would transform the landscape of…