CSE Clearing Corporation:
To minimize settlement risks
The Colombo Stock Exchange (CSE) will set up a
Clearing Corporation under the regulatory purview of the SEC to
minimize the CSE settlement risks. The financial strength of the
Clearing Corporation matters most and this will ensure that foreign
and local major investors reduce the settlement risk of their
transactions in the capital market.
Rs 200 million telecommunication project:
Kokavil tower to be commissioned soon
The construction of the Kokavil tower is
progressing well and will be commissioned by the end of next month.
The total investment of the project is Rs 200 million,
Telecommunication Regulatory Commission Director General Priyantha
Kariyapperuma told Daily News Business. "We will commission the
tower by the end of January. Another 60 metre tower will be erected
in Madukanda in Vavuniya to link the Kokavil tower", he said.
Singapore Airlines to increase flights
Promotes in-bound tourism in Sri Lanka:
Singapore Airlines will increase its daily
flight frequency to Colombo from next year to cater to the growing
demand. Singapore Airlines flies five times a week to Colombo,
Singapore Airlines General Manager-Sri Lanka, Melvin Ng told Daily