SECTORSMBSL says savings subsidiary sale will result in a profit of Rs. 325 m
The Merchant Bank of Sri Lanka (MBSL) in a filing to the Colombo Stock Exchange (CSE) has stated that The Daily FT articles of 14 and 15 May had carried misleading insinuations over the position with regard to the disposal of the shares of MBSL Savings Bank.
S’pore FM in town next week with top biz team
The Foreign Minister of Singapore will be visiting Sri Lanka from 26 May to 2 June 2012 accompanied by a high-powered delegation from the Singapore Business Federation (SBF).
One of the key expectations of the delegation is to establish mutually-beneficial relationships with key Government officials as well as the Sri Lankan business community during this visit.
New Thailand Ambassador and Basil discuss economic ties
Thailand’s new Ambassador to Sri Lanka Poldej Worachat yesterday paid a courtesy call on Economic Development Minister Basil Rajapaksa to discuss issues of bilateral interest.
Colombo to get Rs.1 b flood prevention program
Land Reclamation Corporation and Defence Ministry to jointly fund on-going projects
By Uditha Jayasinghe
Hot on the heels of the Transport Ministry kicking off a master plan for road development in Colombo, the Cabinet has approved the implementation of special flood mitigation projects that will cost Rs.1 billion.
The Cabinet paper presented by President Mahinda Rajapaksa as Defence Minister details how the Defence and Urban Development Ministry will utilise Rs. 800 million from their Budget allocation for a series of projects.
Bartleet sponsors AIBS for 23rd time
Twenty-three years ago (in 1989) the Bartleet Group and The Colombo Toastmasters Club embarked on a journey to showcase the finest public speakers in the land. In its 23rd year, AIBS has become the defining English oratorical contest in Sri Lanka.
Toastmasters’ International President to address ‘Ovation 2012’
International President of Toastmasters International Distinguished Toastmaster (DTM) Michael Notaro will be the Chief Guest at Ovation 2012, the Annual Conference of District 82 scheduled to be held from 25 to 27 May in Colombo. Toastmasters International is the world’s largest non profit organisation devoted to communication and leadership training.
Sri Lanka thanks US for trade and development support
Sri Lanka this week thanked the US for the supporting initiatives on trade and development extended in the country’s new economic upswing.
Millennium Housing to expand; sells over 130 units within a year
By Sandun A. Jayasekera
Forging ahead as the market leader in the Housing sector, Millennium Housing Ltd (MHL) now expands into more projects in the suburbs with a land that has been conveniently located on the Maharagama – Piliyandala Road. The location offers 40 houses with well developed infrastructure facilities and is the first of medium sized projects to be launched shortly by MHL.
Harvard expert at Pathfinder seminar on how China, India reshape their futures
The Pathfinder Foundation is organising the second series of seminars, beginning with ‘Billions of Entrepreneurs; How China and India are Reshaping their Futures and Yours’. The seminar, organised in collaboration with the Ceylon Chamber of Commerce using video conference facility of the American Centre, is scheduled for 22 May from 6.3p.m. to 8:30p.m.
LOLC Group bullish on regenerating north east
Opens three branches in Nelliady, Chunnakam and Chavakachcheri
Steeped in a rich history of 32 years, LOLC’s strategic vision and agility have enabled its companies to leverage growth opportunities evolving in the national landscape. With primary business interests in the financial services sector, the LOLC Group – one of the leading blue chip companies of Sri Lanka – has increasingly shown a strong balance sheet and profit growth over the past few years.
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