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Wednesday, 05 October 2016 08:15

Ravi K dons gloves to set record straight

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Finance Minister Ravi Karunanayake yesterday pulled no punches as he set the record straight on multiple points including the Rs. untitled-325 billion payment

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New report benchmarks PPP procurement across 82 economies

Tuesday, 04 October 2016 10:58

Mihin Lanka no more

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Mihin Lanka, the country’s low-fare airline, is to stop operations from the end of October, industry sources said.

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Minister of Finance Ravi Karunanayake will leave for Washington, DC this week to attend the high-profile financial meetings of the Commonwealth, International Monetary Fund (IMF) and World Bank.

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Agalawatte Plantations Plc has been directed to re-audit its 2014 accounts by the Sri Lanka Accounting and Auditing Standards Monitoring Board.

Thursday, 29 September 2016 10:24

BoC comes under the shadow of loan irregularities

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Irregularities uncovered in lending at State owned Bank of Ceylon, ‘bankers to the nation’ have forced the bank to write off non-performing loans amounting around Rs. 54.7 million from ten customers with high political connections during the previous regime, a high level investigation revealed.  
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The proposed Economic and Technology Co-operation Agreement (ETCA) between India and Sri Lanka has been progressing to the satisfaction of the leaders of the two countries.
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Sri Lanka’s most iconic mixed development project, Cinnamon Life, announced the launch of ‘The Suites at Cinnamon Life’, the second residential tower to be constructed as part of a 4.5 million square foot integrated resort by Waterfront Properties (Private) Limited, a member of the John Keells Group.

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Leading freight forwarder EFL recently received top honours for its sustainable warehousing design with accreditation as Sri Lanka’s first LEED Gold warehousing facility.

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Overseas Realty, the largest listed property company in Sri Lanka, is going for a Rs. 7.2 billion Rights Issue, one of the biggest in recent years, to finance expansion of the Havelock City project.

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