We have a debt to pay to our fans, Sangakkara says

We have a debt to pay to our fans, Sangakkara says Below is an exclusive interview given by Sri...

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Sri Lanka can start making quick progress in the ‘sevens rugby’ – Phil Greening

Sri Lanka can start making quick progress in the ‘sevens rugby’ – Phil Greening Sri Lanka’s National Rugby Coach Phil Greening, the...

 

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Colombo Stock turnover reach Rs. 3.5 billion

Colombo Stock turnover reach Rs. 3.5 billion

Colombo Stock Exchange’s turnover reached Rs. 3.9 billion at the close of trading today with the All Share price index gaining 52 points during the day.
HNB, Caltex, Touchwood and JKH were the top contributors for the day’s turnover.
2.5 million HNB shares has crossed hands with the share price at Rs. 300 which resulted in the [...]

Blake meets the President

Blake meets the President

US Assistant Secretary of State Robert O’ Blake met President Mahinda Rajapaksa this morning in Colombo.
External Affairs Minister, senior officials and the US Ambassador Ms. Patricia Butenis were present at the occasion.
During his stay in the country, Blake will also have meetings with representatives of  political parties.

Freight Forwarders insist equal opportunities

Freight Forwarders insist equal opportunities

Sri Lankan Freight Forwarders says while developing ports and airports, the government also should simultaneously develop the value added services attached with these sectors.
They say the focus should be given to develop multi country consolidation, transshipment and distribution hub centers that provide services such as pick and pack, restoration, repacking, sorting etc.
Tony De Livera the [...]

Diplomats meet President

Diplomats meet President

Five Ambassadors and 2 high commissioners handed over their credentials to President Mahinda Rajapaksa today.
Among those diplomats were Ambassadors representing Iraq, Swaziland, Bhutan, Brunei, Armenia, Macedonia and Algeria.

US Fund Manager to Start Sri Lankan operations

US Fund Manager to Start Sri Lankan operations

A top US based fund manager Logon Rockefeller will launch its Sri Lankan operations tomorrow with an initial plan to bring in Rs. 2.5 billion to invest here in the country.
The local operations of the global firm will be known as LR Global Lanka Asset Management.
The company will be headed former SEC Director General Channa [...]

Pallekale have room for more investors

Pallekale have room for more investors

Pallekale Industrial Zone managed by the Board of Investment is looking for more investors to set up plants in the zone.
BOI says currently there are 20 acres of land area available for potential investors to grab and set up factories.
The agency says as of now 20 investors are operating in the zone with 12 of [...]

Highly potential Northern economy yet to get off the ground

Highly potential Northern economy yet to get off the ground

The contribution to the Sri Lankan economy from the Nothern province will only be felt with a time lag, says the Central Bank.

The bank says eventhough the war is over building investor confidence will take time.

In 2009, the Northern province has only contributed 3.3% to the national GDP, slightly above the 2008 figure of 3.2% [...]

Noritake to expand Sri Lanka operations

Noritake to expand Sri Lanka operations

One of the world’s largest general tableware manufacturers Noritake is planning to expand its Sri Lankan operations.
The BOI said, the visit by Noritake’s global head Hitoshi Tanemura was aimed at discussing matters pertaining to the company’s expansion work in Sri Lanka.
Tanemura during his stay also made a visit to meet President Mahinda Rajapaksa yesterday.

Noritake Lanka [...]

Top International Banks to advice SL on improving its ratings

Top International Banks to advice SL on improving its ratings

Sri Lanka has chosen HSBC, Merril Lynch and the Royal Bank of Scotland as its rating advisors for the next 4 year period.
This is a move taken by the Sovereign Rating Committee appointed by the Central Bank recently to work on improving Sri Lanka’s international rating levels.
Sri Lanka wants to improve its rating level to [...]

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