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‘s Sunshine Holdings eyes renewable energy projects
May 26, 2015 (LBO) – Sri Lanka’s Sunshine Holdings said it is considering diversify and expand the renewable energy sector, if the government is willing to disclose plans for the sector, Group Managing Director said, Tuesday. “We are looking at opportunities in solar and wind power,” Vish Govindasamy, Group Managing Director of Sunshine Holdings Plc […]
‘s Orient Finance announces amalgamation and payment plan for shareholders
May 26, 2015 (LBO) – Sri Lanka’s Orient Finance, a company to be amalgamated with Bartleet Finance, announced its payment plan for shareholders on Tuesday, the company said in a stock exchange filing. As per the announcement, every one ordinary voting share held at Orient Finance as at the date of amalgamation, 14.97 rupees will […]
Sri Lanka new rulers to build housing scheme for media personal
May 26, 2015 (LBO) – Sri Lanka’s government plans to build 1500 houses for media personal in an identified land in Homagama, Sri Lanka, a minister said today.The identified, 100 acre land belongs to the Sri Lanka broadcasting cooperation and being acquired by the Media ministry for the housing project.However, Media Minister, Gayantha Karunathilake said […]
‘s United Motors property revaluation surplus crosses Rs. 1.73 bn
May 26, 2015 (LBO) – Sri Lanka’s United Motors, one of the oldest automobile companies in the island has transferred a revaluation surplus of 1.73 billion rupees to the revaluation reserve account, the company said in a stock exchange filing.The company has recently carried out a revaluation for lands owned and occupied by them as […]
Sri Lanka’s business chamber calls for early election, says overseas business community is concerned
Mar 26,2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said, that the government should calls for early parliamentary election without a delay , so that policies can be formulated and implemented to kick-start the economy and exploit its true potential. “We once again reiterate the need for conducting parliamentary elections without delay,” the chamber […]
UK VISA APPLICANT ARRESTED FOR FRAUD : High Commission
May 26, 2015 (LBO)- Sri Lanka’s British High Commission urged visa applicants to be honest in their applications, a statement said.“We will not tolerate abuse of the UK’s immigration rules. Where we see evidence of abuse, we will take action against those involved,” UK Visas and Immigration Operations Manager, Tony Williams, said in a statement.“We […]
Sri Lanka’s Chinese port city builders positive about govt. decision on project
May 26, 2015 (LBO) – Sri Lanka’s controversial Chinese funded port city project builders say that they are awaiting a positive reply from the government on the suspension of work.An official of the project company of port city Sri Lanka, CHEC port city Colombo private limited said that discussions are still on going and once […]
Sri Lanka customs chief resigns; FM to take action against anyone hampering revenue collection
May 25, 2015 (LBO) – Sri Lanka customs chief Jagath P Wijeweera has rendered his resignation letter citing personal reasons, Finance Minister Ravi Karunanayake said.“We accepted it and greeted him for his service,” Karunanayake told reporters Monday.Finance Minister urged customs officers to expedite revenue collection saying it is their duty to collect each and every cent.“You […]
Sri Lanka government revenues up 8-pct in the first quarter of 2015: Finance Minister
May 25, 2015 (LBO) – Sri Lanka’s government revenues has increased 8 percent across the board in the first three months of this year against the same period last year, Finance Minister Ravi Karunanayake said. “Foreign reserves as at today are around 7.6 and 7.8 billion US dollars,” Karunanayake told reporters Monday.Earlier the Finance Minister said tax […]