Shirajiv Sirimane

Ideal Motors begins construction of assembly factory in Kalutara

Ideal Motors, a fully owned subsidiary of the Ideal Group, has commended constructing their factory in Kalutara to locally assemble new compact Mahindra SUV, the KUV100, and...
LAUGFS Power to invest Rs 3.5 bn to produce 20 MV solar power

LAUGFS Power Ltd a subsidiary of LAUGFS Gas PLC, will invest a further Rs. 3.5 billion until 2020 to add 20 MV of solar power to the national Grid.LAUGFS Power engaged in...
‘ No major FDI in Jaffna region’

Very little development has been done by the former government to develop the North accused former President Chamber of Commerce and Industries of Yalpanam and Founder...
Cargills Quality Dairies to increase capacity with Rs 500 mn

Cargills Quality Dairies (Pvt) Ltd, a subsidiary of Cargills Group, has invested Rs. 500 million to increase their factory capacity and install new machinery in Gampaha. This...

Minister Senasinghe says ‘Investment claim bogus’

The project proposal to set up an integrated High Speed Electric Train Production plant as a BOI venture in Sri Lanka was a bogus project.State Minister of International Trade, Sujeewa Senasinghe at...
Budget promises: 8% progressing to schedule

Only 8% of 2018 budget proposals are progressing according to schedule and the promises doing well include, providing 20,000 housing units for low income families, according to a research by Verité...
Rupee to stabilise; growth picks up

The Central Bank is hopeful that the depreciation of the rupee will stabilize soon following a number of measures taken by the Central Bank and the government while the economic growth is expected to...
‘Plantation sector should open doors to women professionals’

Sri Lanka’s plantation sector should open its doors to women professionals as the administration is currently dominated by men, Protem Chairman, Planters’ Association of Ceylon (PA), Rohan Fernando...
NLH Holdings to restructure FGRECL and FGPDL

NLH Holdings (NLH), Sri Lanka has received the green light to restructure and settle liabilities of both Ceylinco’s Finance and Guarantee Real Estate Company (FGRECL) and Finance and Guarantee...
Atale Estate set to post highest net profit

The 100 year old of Kegalle Plantation PLC, is set to create financial history by posting the highest ever net profit of Rs. 20 million by the end of the year. This was Rs. 11 million last year....
‘German businessmen keen on investing more in Lanka’

The German business community in Sri Lanka is upbeat on Sri Lankan economy and more investments are being made by them, Chief Delegate of German Industry and Commerce in Sri Lanka, Andreas...
Depositor claims of Rs 7 bn to be settled

Depositors of the defunct Ceylinco entities, Finance and Guarantee Real Estate Company (FGRECL) and Finance and Guarantee Property Developers (FGPDL) are in for a new year bonanza as a consortium of...
Marina in Marawila to commence this year

A consortium of Chinese, German and Sri Lankan investors would start building Sri Lanka’s first Marina in Marawila by the end of the year.According to The Asian German Sports Exchange Programme (A.G....
Off season tourism campaign to kick off

Sri Lanka will launch an island wide off season marketing campaign, targeting specific countries, Minister of Tourism and Christian Affairs John Amaratunge said.Speaking at the press conference...
Premier advocates tradable economy

Sri Lanka’s economy should be transformed from a non-tradable one to a more tradable sector and the government’s current economic restructuring plan is aimed at achieving this goal, Prime Minister...
PM Proposes Trade adjustment package for private sector

The Cabinet has approved a trade adjustment package to help the private sector, Prime Minister Ranil Wickremesinghe said yesterday.Speaking at the Most Admired Companies 2018 event held at the...