Cabinet approves 1930 low income houses for Rs.4.8 billion
By Uditha Jayasinghe
Cabinet yesterday approved funding for 1930 housing units for low income families in Colombo at a cost of over Rs.4.8 billion.
Deported Sri Lankans questioned at the airport
Fifty Sri Lankans who were deported by the UK rejecting their pleas for political asylum returned to Sri Lanka today.
US Congressman Steven Chabot visits Sri Lanka
The United States Embassy in Colombo hosted U.S. Congressman Steven Chabot, Republican from Ohio’s First District, from 27-29 September.
US State Department refuses to comment on Major General Shavendra Silva’s case
Washington, DC: The United Sates Department of State says it cannot comment on the Major General Shavendra Silva’s case as it is an ongoing legal matter.
Kankesanthurai Cement Factory to start operations soon
The Government is planning to resume operations at the Kankesanthurai (KKS) Cement Factory with private sector investments by next year, after the current renovation work is completed.
Terrorism is still a major global threat – UNSG
Terrorism is still as potent a threat today as it was 10 years ago. Tens of thousands of people have lost their lives. Repeated attacks have had severe economic consequences and taken a toll on State stability and regional harmony, said UN Secretary-General Ban Ki-moon at the Counter-Terrorism Committee Event in New York on 28 September.
Cabinet adds to development drive
US Ambassador to Sri Lanka and Maldives Patricia A. Butenis shakes hands with AMCHAM President Vijaya Ratnayake watched by AMCHAM Vice President Prasath Nanayakkara and AMCHAM Treasurer Glen Rase at the Annual General Meeting of the American Chamber of Commerce held last night – Pic by Upul Abayasekara
Syria shock for tea
By Uditha Jayasinghe
Reeled by the overall crisis in the Middle East, the country’s tea industry has got a fresh jolt with Syria banning imports in value added form though the Government is cautioning undue panic was unwarranted.
As part of a national policy Syria has banned all imports carrying a tariff of over 5% and tea in packets and bags come under the move.
Harris to lead Cargills’ banking venture
Gives quit notice as MD at Sampath Bank, to take up new post from 1 January
Proven industry leader Harris Premaratane is to head the country’s newest entrant to the financial services sector, Cargills Agriculture and Commercial Bank, from 1 January 2012.
Four Okanda Finance Directors fined
By T. Farook Thajudeen
Four directors of Okanda Finance who intentionally suppressed information to Central Bank were fined Rs. 300,000 each by the Colombo Chief Magistrate.
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