Chandra Jayaratne, the Former Chairman of the Ceylon Chamber of Commerce and a prominent Business Leader has requested the President’s Office to find out whether the persons who publicly endorsed the TFC – NSB deal conform to the ‘Fit & Proper’ Guidelines of the Banking Act.
In a letter sent to the President’s Secretary Lalith Weeratunga [...]
President Mahinda Rajapaksa has said that the jailed former Army Commander Sarath Fonseka will be released shortly, a Media report said.
According to India’s “The Hindu”, President Rajapaksa has told this to the paper last evening on the sidelines of a function held to release the book titled “Gota’s War” at the Water’s Edge, Battaramulla.
“We will [...]
May 15, 2012 9:14 AM | Posted in
Politics |
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Ceylon Grain Elevators PLC’s Net profit during the first quarter of the year 2012 has seen a massive drop compared with the same period of last year owing to high cost of sales and also Exchange losses.
Issuing its interim financial results, the firm says, net profit during the first quarter of this year recorded a [...]
Sri Lanka today saw the launching of a book titled “Gota’s War” which describes the crushing of the LTTE.
The book is named under the Defense Secretary Gotabhaya Rajapaksa, who played an instrumental role in wiping out the LTTE.
The launching of the book which is authored by C.A Chandraprema took place at the Water’s Edge in [...]
May 14, 2012 10:40 PM | Posted in
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Kalpana Kochhar, the Chief Economist for the South Asia Region of the World Bank is scheduled to deliver the keynote address at the inauguration of the Sri Lanka Economic Summit 2012.
“Ms. Kochhar will deliver her address on “Emerging Global & Regional Prospects and the Benefits of Regional Co-operation” announced the Ceylon Chamber of Commerce, which [...]
May 14, 2012 4:24 PM | Posted in
Business & Finance |
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Opposition Leader Ranil Wickramasinghe today called on President Mahinda Rajapaksa at the Temple Trees.
The meeting also saw the participation of Several Ministers and Parliamentarians.
Ministers Maithreepala Sirisena, Nimal Siripala de Silva, Susil Premajayantha, Dullas Alahapperuma and Basil Rajapaksa joined from the government side.
While UNP Parliamentarians, Joseph Michael Perera, Tissa Attanayake, John Amaratunga, Ravi Karunanayake and Lakshman [...]
May 14, 2012 3:32 PM | Posted in
Politics |
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Sri Lankan Police has unearthed the largest ever C4 storage of the now defeated LTTE.
According to the Ministry of Defense, the storage, which is regarded as the largest high explosive storage of the LTTE, has had contained 6550 Kg of C4, together with many other military hardware used by the group.
The storage has been found [...]
May 14, 2012 11:40 AM | Posted in
Politics |
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Sri Lanka’s Amana Takafull PLC has recorded a Rs. 109.3 million loss during the financial year 2011, owing to the impact caused by increased claims and volatility in investments.
“Increased claims, volatility in investments, especially equities and gold in the latter half of the year, took its toll on profitability, resulting in negative bottom-line”, Chairman of [...]
Sri Lanka’s Central Bank kept its key policy rates unchanged for the month of May, as it is of the view that the policy measures implemented thus far are sufficient to moderate the expansion of both credit and the trade deficit.
Accordingly, the Central Bank kept its repurchase rate at 7.75% while the Reverse Repurchase rate [...]
May 12, 2012 9:07 AM | Posted in
Economy |
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Sri Lanka’s Expolanka Holdings PLC today acquired the controlling stake in Akquasun Holidays India Private Limited, by making an investment of US$ 915,000.
Akquasun Holidays, a Mumbai-based destination management specialist is a B2B Destination Management network company.
The firm is primarily mandated to attract traffic from emerging markets like India, Russia and China.
“This acquisition gives us greater [...]
May 11, 2012 6:16 PM | Posted in
Business & Finance,
Tourism |
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